Kingsbridge, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $305,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $430,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $255,000 |
| 2 bedrooms | $355,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kingsbridge, Ontario is currently experiencing moderate growth. With the median house price at $510,000 and an upward trend of 4% year-over-year, the market is showing healthy appreciation. Similarly, apartments are seeing a rise in value, with the median price at $305,000 and a 2.5% increase from the previous year.
The steady population increase of 3.3%, which brings the population to approximately 15,500 residents, suggests ongoing demand for housing. This growing population is likely to support continued market activity and could contribute to sustaining or even accelerating current pricing trends.
Investment Opportunities and Potential
Kingsbridge presents a variety of investment opportunities for both residential properties and rental units, considering its growing population and consequent housing demand. The stable appreciation in house prices indicates that investing in residential real estate could yield solid returns over time.
The more modest yet consistent increase in apartment prices also points to a strong investment potential, particularly for those looking to enter the rental market. As housing needs diversify with population growth, rental properties may become increasingly desirable, potentially leading to higher rental yields for investors.
Future Market Outlook
The future outlook for Kingsbridge’s real estate market remains promising based on current trends and demographic data. Assuming that economic conditions remain favorable and the local job market stays robust, one can anticipate continuous growth in property values.
The ongoing population growth will likely sustain demand for both purchasing and renting properties. Should this trend persist alongside other positive economic indicators, Kingsbridge could maintain its course as an attractive market for buyers and investors alike in the foreseeable future.
