Kaszuby, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kaszuby, Ontario, is experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market demonstrates resilience and an upward trend in property values. Similarly, the median apartment price has reached $300,000, marking a 2.1% increase from the previous year. This consistent growth pattern indicates a stable and maturing market.
The population of Kaszuby has seen a significant rise of 7.1%, suggesting an influx of new residents and potential homebuyers. This demographic shift is likely contributing to the demand for housing, thereby supporting the market’s overall health and sustainability.
Investment Opportunities and Potential
The positive trends in Kaszuby’s real estate market offer various investment opportunities. The steady appreciation in house and apartment prices points to the potential for long-term capital gains for investors considering residential properties. The robust population growth also signals a growing rental market, which could be lucrative for those looking to invest in rental properties or real estate development projects.
Investors should note that while current trends are favorable, it is crucial to consider factors such as location within Kaszuby, property condition, and local economic drivers when evaluating the investment potential of specific properties or developments.
Future Market Outlook
Looking ahead, the future market outlook for Kaszuby appears optimistic. The continued population growth suggests sustained demand for housing in both purchase and rental markets. If these demographic trends hold, it can be expected that property values will continue on an upward trajectory.
However, investors and prospective homebuyers should remain aware of broader economic conditions that may impact interest rates, employment levels, and overall affordability within the region. Monitoring these external influences will be key to making informed decisions about entering or exiting the Kaszuby real estate market.
