Katrine, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Katrine, Ontario, is currently experiencing a period of steady growth. With a median house price of $500,000 and a year-over-year price increase of 3.5%, the market is showing healthy appreciation that is slightly above the national average. The apartment sector is also growing, albeit at a slower pace, with a median price of $300,000 and a 2.1% year-over-year increase. This indicates a stable environment for both single-family homes and multi-unit residential investments.
The population of Katrine has seen significant growth at 7.1%, which may contribute to increased demand for housing in the area. This demographic shift suggests that the market is becoming more attractive to new residents, likely due to employment opportunities, quality of life, or other socio-economic factors that are drawing people to the region.
Investment Opportunities and Potential
Given the consistent growth in property values and the robust population increase, Katrine presents promising investment opportunities. The single-family home market appears ripe for long-term investments as the demand for housing may continue to rise with the growing population. For those looking to invest in apartments or multi-family units, the slower growth rate still represents a stable investment but might appeal more to investors seeking lower entry prices and potentially higher rental yield prospects.
Investors should consider both current trends and local economic factors when evaluating opportunities in Katrine. The positive population growth rate could suggest a need for new developments or refurbishment projects to meet housing demands. Additionally, it’s important to monitor any municipal plans for infrastructure or commercial development which could further boost property values.
Future Market Outlook
The future real estate market outlook for Katrine remains optimistic based on current trends and statistics. Should the population continue to grow at or above the current rate of 7.1%, demand for housing will likely keep upward pressure on property prices. If economic conditions remain favorable and local employment continues to expand, it can be expected that both house and apartment prices will maintain their gradual ascent.
However, potential investors should stay informed about regional developments that could affect market dynamics such as changes in interest rates, government housing policies, or shifts in local industry employment levels which could alter supply-demand balance.
In conclusion, while past performance is not indicative of future results, based on available data, Katrine’s real estate market appears poised for continued growth with substantial investment potential over the coming years.
