Kimberley, 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
As of the latest data available, the real estate market in Kimberley, Ontario is experiencing stable growth. The median house price is currently at $500,000, with a healthy year-over-year appreciation of 3.5%. This trend suggests a robust demand for single-family homes, reflective of both local economic conditions and a potentially attractive market for new residents and investors.
In the apartment sector, we see a slightly lower growth rate with median prices at $300,000 and an appreciation trend of 2.1% year-over-year. The slower growth rate in this segment could indicate a more saturated market or perhaps a shift in consumer preferences towards more spacious living accommodations, which is not uncommon in smaller cities like Kimberley.
Investment Opportunities and Potential
The consistent rise in property values in Kimberley indicates a healthy investment climate. For those looking to invest in the housing market, single-family homes present a strong opportunity due to their higher growth rate. The 3.5% increase suggests that there is active interest and potential for equity gains for homeowners and investors alike.
Apartments offer a different investment profile with their lower price point and growth rate. They may be particularly appealing to investors seeking rental properties or catering to segments such as young professionals or smaller families who may prefer apartment living.
The town’s population has grown by an impressive 7.1%, signaling demographic trends that could sustain demand for housing. This growth not only supports the current pricing trends but also points toward continued demand across the housing spectrum.
Future Market Outlook
The future outlook for Kimberley’s real estate market appears positive based on current trends and demographics. With a significant population increase and ongoing property value appreciation, it is reasonable to expect continued demand for housing.
The strength in the single-family home market is likely to persist, especially as remote work trends allow more people to relocate away from larger urban centers seeking better value and quality of life that towns like Kimberley can offer.
A key factor that could influence the future market would be local economic developments that either bolster job creation or improve amenities and infrastructure, further enhancing Kimberley’s attractiveness as a place to live.
In conclusion, barring any unforeseen economic shifts or policy changes, Kimberley’s real estate market offers promising opportunities for both homeownership and investment. Stakeholders should continue monitoring local developments closely to capitalize on emerging trends in this vibrant community.
