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 (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 Kilbride, Ontario, is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This consistent rise in home values indicates a healthy demand for residential properties in the area.
Similarly, the median apartment price stands at $300,000, with a more modest year-over-year appreciation of 2.1%. The slower growth rate for apartments compared to houses suggests that there may be a stronger preference or need for larger living spaces among residents or potential buyers in Kilbride.
The local population has grown to 15,000 people, with a notable growth rate of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing, pushing property values upward.
Investment Opportunities and Potential
Investors looking at Kilbride’s real estate market can find promising opportunities. The steady increase in property values provides a favorable environment for long-term investment strategies. The growth trend in house prices indicates that investing in residential properties could yield substantial returns over time.
The apartment sector also presents potential, especially for investors focusing on rental income. With the population increasing significantly, there is likely to be an ongoing need for rental units. Given the slower growth rate in apartment prices compared to houses, investors might find more affordable entry points into the market here while still benefiting from consistent appreciation over time.
Kilbride’s growing population is also an indicator of potential new developments and infrastructure investments that could further enhance property values and attract more residents and investors alike.
Future Market Outlook
The future outlook for Kilbride’s real estate market appears optimistic. Continued population growth paired with consistent increases in housing prices suggests that the demand for homes will remain robust. If current trends persist, both homebuyers and investors can expect ongoing appreciation in property values.
The investment landscape in Kilbride offers diverse opportunities across different housing types while maintaining the potential for capital gains and rental income. Prospective buyers and investors should monitor the local economic indicators and development plans closely as these factors will play critical roles in shaping the future real estate market dynamics of Kilbride.
