Kerwood, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Kerwood, Ontario is currently experiencing steady growth. The median house price in the area is $500,000, with a year-over-year increase of 3.5%. This suggests a stable market with moderate appreciation rates for homeowners and investors alike. Similarly, the median apartment price stands at $300,000, with a slightly lower growth rate of 2.1% year-over-year. The consistent growth in both housing categories indicates a balanced demand for diverse housing options in Kerwood.
The population of Kerwood has reached approximately 15,000 residents, showing a significant population growth of 7.1%. This influx of residents may be contributing to the sustained demand for housing in the area, supporting the positive trends seen in property values.
Investment Opportunities and Potential
Kerwood’s real estate market offers promising investment opportunities given its upward trend in property values. Investors looking to purchase residential properties can expect continued appreciation, especially with the current rate of population growth driving demand. Single-family homes are particularly appealing due to their higher appreciation rate of 3.5%, indicating strong potential for capital gains over time.
Apartments present another viable investment option, especially for those looking to enter the market at a lower price point or seeking rental income prospects. With an appreciation rate of 2.1%, apartments offer a stable investment with potential for both rental yield and long-term value increase.
The overall health of the real estate market suggests that both long-term investments and buy-to-let strategies could be successful in Kerwood, aided by an expanding population that may sustain or even increase the current demand for housing.
Future Market Outlook
Looking ahead, Kerwood’s real estate market appears poised for ongoing growth. The continuous population expansion at a rate of 7.1% will likely keep housing demand robust. If economic conditions remain favorable and infrastructure development keeps pace with population growth, the real estate market should maintain its upward trajectory.
However, investors should remain vigilant and monitor key economic indicators that could affect market dynamics, such as employment rates, interest rates, and regional economic policies. While current trends are positive, external factors such as changes in government regulations or macroeconomic shifts could impact future performance.
In conclusion, Kerwood’s real estate market currently provides attractive opportunities for investors and homeowners alike. With careful analysis and strategic planning, stakeholders can capitalize on the town’s growing population and stable property appreciation rates.
