Kinburn, 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
1. Current Market Conditions and Trends
The real estate market in Kinburn, Ontario is currently experiencing moderate growth, with the median house price sitting at $500,000, marking a year-over-year increase of 3.5%. This indicates a stable and growing demand for residential properties in the area. Similarly, the median apartment price has risen to $300,000, with an annual growth rate of 2.1%. These trends suggest that the market is healthy and resilient, offering opportunities for both buyers and sellers.
Additionally, Kinburn’s population has shown a robust increase of 7.1%, which is likely contributing to the sustained demand for housing. This demographic expansion can be attributed to factors such as Kinburn’s quality of life, economic opportunities, or its appeal as a commuter town for nearby cities.
2. Investment Opportunities and Potential
The steady rise in property values coupled with significant population growth points towards a positive environment for real estate investment in Kinburn. The current growth rates in housing prices offer potential for capital appreciation over time. Investors may find opportunities in purchasing single-family homes or apartments to cater to the increasing population seeking residence in Kinburn.
Given the trend of population growth, there may also be potential in developing new residential projects or renovating existing properties to meet the higher standards expected by new residents. Rental properties could also be an attractive option for investors due to potential demand from individuals who are not yet ready to enter the homeownership market but wish to reside in the area.
3. Future Market Outlook
The future outlook for Kinburn’s real estate market appears optimistic based on current trends and data. The consistent increase in property values suggests that investment in Kinburn is likely to remain a solid choice moving forward. Continued population growth will further drive the need for housing and could lead to more robust price increases should supply not keep pace with demand.
However, investors and homebuyers should monitor potential economic shifts or policy changes that could impact interest rates, borrowing costs, or property taxes, as these factors could alter market dynamics. Keeping abreast of local development plans and infrastructure projects will also provide valuable insights into areas poised for accelerated growth within Kinburn.
In conclusion, maintaining a close watch on economic indicators and being responsive to shifts in consumer preferences will be key strategies for those looking to capitalize on Kinburn’s real estate market opportunities now and into the future.
