Kenabeek, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 is currently exhibiting stable growth. The median house price stands at $490,000, with a year-over-year increase of 4%. This suggests a healthy demand for housing and a competitive market environment. Similarly, the apartment sector has shown resilience with a median price of $295,000 and experiencing a 2.5% growth rate from the previous year. These trends indicate an ongoing interest in both housing types, though houses are appreciating at a slightly faster rate.
The population of Kenabeek is 15,200, with a growth rate of 2.7%. Such demographic expansion can be correlated with the rising housing demand, which in turn fuels the property price appreciation observed in the area.
Investment Opportunities and Potential
Investors considering Kenabeek’s real estate market will find potential due to its steady population growth and consistent property value appreciation. The more robust growth in median house prices compared to apartments may appeal to investors looking for slightly higher capital gains. However, apartments should not be overlooked as they offer a more accessible entry point into the market and could cater to smaller households or individuals drawn by employment opportunities or local amenities.
Given the current trends, rental properties may also represent an attractive investment opportunity. With population growth outstripping new housing supply, demand for rentals could increase, potentially yielding favorable rental income streams and low vacancy rates for investors.
Future Market Outlook
The future market outlook for Kenabeek remains optimistic based on current indicators. Population growth is likely to continue supporting demand for housing. Assuming no major economic disruptions occur, both sectors of the market—houses and apartments—are expected to maintain their upward price trajectories.
While this forecast assumes continuity in local economic factors and broader national trends, investors should monitor interest rate changes, employment rates, and regional development plans which could impact market dynamics.
Cautious optimism is advised for potential investors considering long-term positions in Kenabeek’s real estate market. Regular review of market data will be crucial to making informed decisions that account for any shifts in local conditions or broader economic patterns.
