Kilbride, 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 Kilbride, Ontario is currently experiencing moderate growth. With a median house price of $500,000 and an annual increase of 3.5%, the market is showing signs of steady appreciation. Apartments are also following a positive trend, with a median price of $300,000 and a year-over-year increase of 2.1%. This growth can be attributed to Kilbride’s desirable living conditions and its appeal to both families and professionals.
The population of Kilbride stands at 15,000 residents with a robust growth rate of 7.1%. This influx is likely driving demand for housing and contributing to the healthy rise in property values. The current trends suggest that the real estate market is balanced, offering opportunities for both buyers and sellers to engage in transactions without the pressures of an overheated or stagnant market environment.
Investment Opportunities and Potential
Kilbride’s consistent population growth coupled with stable appreciation rates in property values presents attractive investment opportunities. The solid year-over-year increase in house prices indicates that investments in residential properties could yield profitable returns over time. Moreover, the apartment sector with a 2.1% annual price increase represents potential for investors looking to enter the rental market or seeking lower entry points into property ownership.
Given Kilbride’s expanding population, demand for rental properties may continue to rise, potentially pushing up rental yields for investors. New developments and infrastructure projects could also lead to increased property values, benefiting long-term investors who enter the market now.
Future Market Outlook
The future outlook for Kilbride’s real estate market remains optimistic. If the current population growth rate persists, it can be expected that the demand for housing will continue to climb. This demographic momentum suggests that both the residential housing market and rental sectors are poised for sustained growth.
Although no market is immune to economic fluctuations, Kilbride’s steady growth in median house and apartment prices indicates resilience and a positive trajectory moving forward. Investors and homeowners should monitor local developments closely as they can have significant impacts on property values and investment potentials.
In conclusion, Kilbride offers a promising real estate market with steady growth trends in both housing prices and population numbers. Careful consideration of local economic factors and ongoing monitoring will be essential for anyone looking to invest or move into the area.