Kashechewan, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $480,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.5% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $480,000 |
| 4 bedrooms | $550,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.5% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kashechewan, Ontario, presents a stable and growing environment as indicated by current market data. With a median house price of $480,000 and a positive year-over-year trend of 2.9%, the residential market is experiencing modest growth. The median apartment price stands at $290,000, which has seen an increase of 1.5% over the past year. These trends suggest a steady demand for housing in the area.
The population of Kashechewan is approximately 15,000 residents with a healthy growth rate of 3.45%. This demographic expansion is likely to continue supporting the real estate market by sustaining demand for housing in both the private sale and rental sectors.
Investment Opportunities and Potential
Investors considering Kashechewan will find potential in its consistent market performance and demographic indicators. The strength in the median house price growth suggests that investments in single-family homes could yield favourable returns. Additionally, the increase in apartment prices, though more modest, indicates that the market for multi-family dwellings is also active and presents opportunities for investors looking to enter or expand within this segment.
The sustained population growth not only supports resale values but may also signal ongoing rental demand, offering a compelling case for buy-to-let investments. Given these conditions, it is likely that there will be continued interest from both local and outside investors looking to capitalize on Kashechewan’s stable real estate environment.
Future Market Outlook
Looking forward, the real estate market in Kashechewan shows promise for continued growth. Assuming that current economic conditions persist and population trends maintain their upward trajectory, the demand for housing is expected to remain robust. This should support further appreciation in property values over time.
Moreover, with an increasing population that outpaces national averages, there may be additional pressures on housing supply which could lead to new development opportunities. Investors should monitor zoning changes and infrastructure developments as these factors can greatly influence future market dynamics.
In conclusion, while no investment is without risk, Kashechewan’s real estate market displays several positive indicators suggesting that it holds potential for both short-term gains through property flips and long-term income through rental properties.
