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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 (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





Kincardine, Ontario Real Estate Market Analysis

1. Current Market Conditions and Trends

The real estate market in Kincardine, Ontario is currently experiencing a period of steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a healthy demand for housing in the area, pointing towards a seller’s market where demand outpaces supply.

Similarly, the apartment sector is also witnessing growth, albeit at a slightly slower pace. The median apartment price is currently $300,000, with a year-over-year trend showing a 2.1% increase. This growth indicates an expanding market for more affordable and smaller-scale living spaces in Kincardine.

The local population has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This demographic surge is likely contributing to the increased housing demand and can be seen as a positive signal for the sustained health of the real estate market.

2. Investment Opportunities and Potential

Kincardine’s real estate market presents promising investment opportunities given its solid growth trends. Residential properties are appreciating steadily, with houses showing stronger capital gains compared to apartments. Investors looking for long-term appreciation may find single-family homes particularly attractive.

In response to the growing population, there is potential for development projects aimed at creating more housing options to meet demand. Investing in multi-unit residential buildings or purpose-built rental properties could capitalize on the need for more diverse housing solutions.

The moderate but consistent growth in apartment prices also points to a stable rental market that could offer reliable income streams for investors interested in purchasing rental properties or entering the buy-to-let market segment.

3. Future Market Outlook

The outlook for Kincardine’s real estate market remains positive based on current trends and underlying fundamentals. Population growth is a key driver that is expected to sustain demand for housing in both the purchase and rental markets.

If the current population trend continues, the local economy could see increased vitality, further supporting real estate values. However, prospective investors and homeowners should remain aware of broader economic conditions that may impact interest rates and affordability factors.

In conclusion, Kincardine’s current trajectory suggests that it will maintain its course as an attractive location for real estate investment and ownership. Ongoing monitoring of economic indicators and regional developments will be essential in navigating future market fluctuations.