Kingsbridge, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $590,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.6% |
Apartment
Median price | $340,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $480,000 |
3 bedrooms | $590,000 |
4 bedrooms | $700,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $270,000 |
2 bedrooms | $360,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 15,800 |
Previous Population (2020) | 15,000 |
Population Change | 5.3% |
Total Private Dwellings | 6,500 |
Occupied Private Dwellings | 6,000 |
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 a period of moderate growth. The median house price in the area is $590,000, which represents a 4% year-over-year increase. This suggests a steady demand for housing, with growth rates that indicate a healthy but stable market, avoiding the volatility seen in some other regions. Meanwhile, the median apartment price stands at $340,000, showing a smaller yet consistent year-over-year growth of 2.5%. This difference in growth rates between houses and apartments may reflect a higher demand for single-family homes in Kingsbridge.
The population of Kingsbridge has reached approximately 15,800 residents, with a significant population growth rate of 5.3%. The increasing population is likely contributing to the sustained demand for housing and can be seen as an indicator of the town’s economic health and attractiveness to new residents.
Investment Opportunities and Potential
The current trends in Kingsbridge’s real estate market offer compelling opportunities for investors. The consistent rise in property values suggests that investments made now could appreciate over time. Single-family homes, given their higher growth rate, present particularly attractive investment prospects.
Investors should also consider the multifamily segment due to the area’s growing population. With more people moving into Kingsbridge, there will likely be an increased need for rental accommodations. Apartments could thus offer long-term income potential through rentals, alongside moderate capital appreciation.
Furthermore, with relatively affordable prices compared to major urban centers, Kingsbridge presents an opportunity for first-time homebuyers or those looking for more budget-friendly investment options while still benefiting from market growth.
Future Market Outlook
The future real estate market outlook for Kingsbridge remains positive. The combination of steady population growth and consistent property value increases indicate that the demand for housing is likely to persist. Assuming no significant economic disruptions occur regionally or nationally, we can expect a continuation of similar growth trends in the medium term.
In conclusion, investors and homebuyers can be cautiously optimistic about entering the Kingsbridge real estate market. While no market is without risk, current data suggests a favourable environment for those looking to purchase or invest in property in this community.