Kenabeek, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $499,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $499,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Kenabeek, Ontario
The real estate market in Kenabeek, Ontario, has been experiencing a steady growth pattern. The median house price in the area currently stands at $499,000, which represents a year-over-year increase of 4%. This indicates a stable appreciation in property values and a healthy demand for single-family homes. Similarly, the median apartment price is noted at $295,000 with a slower year-over-year increase of 1.9%. These trends suggest that while both segments of the housing market are growing, houses are seeing a more robust increase in value compared to apartments.
The population of Kenabeek is currently 15,500 and has experienced significant growth at a rate of 3.3%. This influx of residents is likely contributing to the heightened demand for housing and the corresponding rise in property values. The combination of population growth and steadily increasing property prices points to a competitive market environment that is likely to continue attracting buyers and investors.
Investment Opportunities and Potential
Given the current market data, Kenabeek offers promising investment opportunities, particularly in the residential sector. Investors may find potential in purchasing single-family homes which have shown stronger growth compared to apartments. The continuous population increase serves as an indicator that rental properties could remain in high demand, potentially yielding favorable rental income returns.
The steadier pace of appreciation for apartments could also present an opportunity for investors looking for more affordable entry points into the real estate market or those seeking lower-risk investments. As population numbers rise and the local economy presumably expands alongside it, both housing types are poised to benefit from the resultant housing demand.
Future Market Outlook
Looking ahead, the future market outlook for Kenabeek’s real estate appears positive. The consistent population growth paired with sustained increases in property values suggest ongoing demand for housing will persist. If these trends continue along their current trajectory, investors can expect continued appreciation in both house and apartment prices.
However, investors should monitor economic factors such as employment rates, interest rates, and regional developments which could impact market conditions. A diversified investment approach could mitigate potential risks associated with any unforeseen market fluctuations.
In conclusion, Kenabeek’s real estate market exhibits strong fundamentals with steady growth in property values and an expanding population base. This bodes well for both immediate investment opportunities and longer-term market stability.
