Kenmore, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $530,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $530,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
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) | 1.8 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Kenmore, Ontario
The real estate market in Kenmore, Ontario, is characterized by steady growth and stable prices. The median house price in the region stands at $530,000, reflecting a 4% increase year-over-year. This suggests a healthy demand for single-family homes, which may be partly driven by the area’s population growth of 3.3%. Meanwhile, the median apartment price is currently $320,000, with a slower growth rate of 1.9% year-over-year. This indicates that while there is appreciation in the value of apartments, the market for them is not as dynamic as for houses.
Investment Opportunities and Potential in Kenmore
Kenmore’s real estate market presents several investment opportunities. The consistent rise in house prices at a moderate pace points to a stable investment environment for single-family homes. Given the population growth rate, which exceeds the national average, demand for housing is likely to remain strong. This implies potential for both capital gains and rental income for investors in this segment.
Apartments offer a more affordable entry point into the Kenmore real estate market and may appeal to first-time investors or those seeking lower-maintenance properties. Although appreciation for apartments is less pronounced than for houses, they could be a strategic long-term investment as urbanization trends continue.
Future Market Outlook for Kenhouse Real Estate
Looking ahead, Kenhouse’s real estate market is positioned for continued growth. The robust population increase suggests that demand for housing will persist and possibly intensify. If economic conditions remain favorable and the infrastructure in Kenhouse expands to accommodate its growing population, both housing prices and apartment values could see sustained upward trajectories.
Investors should monitor local development plans and employment trends closely as these factors will significantly influence future market conditions. For now, the market outlook remains optimistic with expectations of ongoing growth aligned with demographic trends.
