Kashechewan, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.5% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kashechewan, Ontario, currently presents a steady growth pattern, with the median house price standing at $490,000. This reflects a year-over-year increase of 3.2%, indicating a modest but stable upward trend in property values. Similarly, the apartment sector has witnessed growth, with the median apartment price reaching $290,000 and experiencing a slightly lower year-over-year increase of 1.9%. The continuous growth in property values suggests a healthy demand for real estate in the area.
Investment Opportunities and Potential
Kashechewan’s real estate market offers attractive investment opportunities due to its consistent appreciation rates. With a population of 15,000 that has grown by 3.45% recently, there is an increasing demand for housing to accommodate this expanding community. Investors can benefit from both the long-term equity growth associated with single-family homes and the rental income potential from apartments, given the steady rise in property values. The ongoing population growth is likely to maintain or even increase demand for rental properties, which could result in higher rental yields over time.
Future Market Outlook
The future market outlook for Kashechewan appears promising due to several factors contributing to its economic stability and potential for continued growth. As population numbers are on the rise, the demand for housing is expected to persistently grow alongside it. Should this demographic trend continue, we may anticipate further tightening of the market with potential upward pressure on both home prices and rent rates. Additionally, as long as interest rates remain relatively low and employment rates stable within the region, consumer confidence should bolster real estate investment activities. Overall, Kashechewan’s real estate market is positioned favorably for sustained growth and resilience against economic fluctuations.
