Kendal, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Kendal, Ontario, is currently experiencing steady growth. With a median house price of $525,000 and a year-over-year increase of 4.2%, the market demonstrates resilience and upward momentum. The median apartment price stands at $320,000, showing a more modest year-over-year growth of 1.5%. This suggests that while houses are in higher demand driving stronger price appreciation, apartments are also gaining value but at a slower pace.
The population of Kendal has reached approximately 15,500 residents, with a notable growth rate of 3.3%. This influx of new residents may be contributing to the demand for housing and can explain the robust price trends observed in the market. The current conditions suggest that Kendal’s real estate market is healthy and may offer stability to home buyers and investors alike.
2. Investment Opportunities and Potential
Kendal offers promising investment opportunities given its consistent market performance. The continuous rise in property values indicates a strong potential for capital gains for those who invest in residential real estate. Investors focusing on the housing segment can anticipate better returns due to the higher growth rate in house prices compared to apartments.
With an increasing population, rental properties could also present lucrative opportunities. A growing demographic often leads to heightened demand for rental units, potentially driving up rental yields for investors. Therefore, both long-term property appreciation and rental income prospects make Kendal an attractive market for real estate investment.
3. Future Market Outlook
The future outlook for Kendal’s real estate market appears optimistic. Population growth is likely to continue fueling demand for housing, which may lead to sustained or even increased growth in property values over the coming years. The steady economic environment in the region should support this trend, maintaining Kendal as an appealing destination for both living and investment purposes.
Careful monitoring of economic indicators and potential housing policies is advised as they can significantly influence market dynamics. However, based on current data and trends, the market seems poised for continued positive performance moving forward.
