Kincardine, 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
Kincardine, Ontario, currently presents a stable and growing real estate market. The median house price in the area is $500,000, showcasing a year-over-year increase of 3.5%. This consistent growth trend reflects healthy demand and suggests that the market is keeping up with the overall positive economic conditions.
Similarly, the apartment sector has experienced growth, albeit at a slower pace, with a median price of $300,000 and an appreciation trend of 2.1% over the past year. The moderate increase in apartment prices may be indicative of a balanced market where supply meets demand effectively.
With a population of approximately 15,000 and an impressive growth rate of 7.1%, Kincardine is experiencing demographic expansion that could continue to fuel housing demand. The population surge can be attributed to various factors such as economic opportunities, lifestyle preferences, and its reputation as a desirable place to live.
Investment Opportunities and Potential
Given the steady appreciation rates and population growth, Kincardine offers compelling investment opportunities. The single-family home segment appears particularly promising due to its stronger growth rate. Investment in this segment may yield higher returns as the demand for detached homes remains robust amidst demographic expansion.
Apartments also present an attractive investment opportunity, especially for those looking to enter the real estate market at a lower price point. The slower growth rate may appeal to investors seeking more stable assets with less volatility.
Investors should also consider factors such as rental yields, local employment rates, and infrastructure development, which can influence the long-term potential of their real estate investments in Kincardine.
Future Market Outlook
Looking ahead, Kincardine’s real estate market is poised for continued growth. The sustained population increase suggests that housing demand will remain strong, potentially leading to further price appreciation. Although no market is without risk, current trends indicate a positive trajectory for both house and apartment segments.
Investors should monitor key economic indicators such as job creation and interest rates since these can impact consumer spending power and investment activity. Additionally, tracking any changes in local government policies regarding development can provide insights into future supply dynamics.
Overall, those considering entering or expanding their presence in Kincardine’s real estate market may find it an opportune time to do so—especially if they are prepared to capitalize on long-term trends rather than seeking immediate gains.
