Keswick, 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 (2025) | 15,000 |
Previous Population (2020) | 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 Keswick, Ontario is currently experiencing a period of steady growth. The median house price in the area is at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a stable upward trend in the housing market, which is modest yet consistent. On the other hand, apartments are showing a slightly slower growth rate with a median price of $300,000 and an annual growth rate of 2.1%. The population of Keswick stands at 15,000 with a robust growth rate of 7.1%, indicating a rising demand for housing as more people are drawn to the area.
Investment Opportunities and Potential
Given the steady appreciation in property values, Keswick presents attractive investment opportunities for both residential property investors and developers. The consistent increase in house prices points to a healthy demand for single-family homes, which may be driven by factors such as local economic expansion and demographic shifts favoring suburban living. Similarly, apartments offer a more accessible entry point into the real estate market for both renters and investors, with potential for rental income growth due to the increasing population. The noticeable population boom also opens doors for development projects to satisfy new housing requirements.
Future Market Outlook
The future outlook of Keswick’s real estate market appears positive. With ongoing population growth projected at 7.1%, the demand for housing is expected to remain strong. The current trends suggest that property values will continue to rise, although it is important for investors to remain mindful of broader economic conditions that could affect the market dynamics. Factors such as interest rates, employment rates in nearby urban centers like Toronto, and local developments will play significant roles in shaping the future market conditions in Keswick.