Kingston, Nova Scotia 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
Current Market Conditions and Trends
The real estate market in Kingston, Nova Scotia, is currently experiencing moderate growth. The median house price in the region stands at $500,000, with a year-over-year increase of 3.5%. This growth rate suggests a stable market that is becoming gradually more valuable without showing signs of a volatile or overheated market.
The apartment sector is also showing positive growth, albeit at a slightly slower pace. The median apartment price is $300,000, with an annual increase of 2.1%. This indicates a steady demand for more affordable and smaller-scale housing options within the area.
The population of Kingston has been growing steadily too, with a significant increase of 7.1%. This influx of residents can be attributed to the town’s appeal to both retirees looking for a tranquil lifestyle and professionals drawn by local employment opportunities.
Investment Opportunities and Potential
Given the steady rise in property values and the continuous population growth, Kingston presents itself as an inviting location for real estate investment. The healthy growth rate of house prices indicates room for potential appreciation in investment over the coming years. Moreover, the increasing population may lead to higher demand for rental properties, which could benefit investors looking to enter the landlord market.
Apartments are becoming an attractive investment due to their lower entry price point and solid growth trend. Investors may find opportunities in purchasing apartments to cater to smaller households or individuals who prefer affordable housing options.
New developments or renovating existing properties could also be areas ripe for investment, especially as new residents seek modern amenities and updated living spaces.
Future Market Outlook
The future market outlook for Kingston appears optimistic. The consistent population growth paired with sustainable increases in property values suggests that the demand for housing will continue to be robust. Assuming that economic conditions remain favorable and that Kingston continues to attract new residents through its quality of life and employment opportunities, the real estate market should maintain its current upward trajectory.
This positive outlook is further reinforced by infrastructure improvements and potential expansions in community services and amenities driven by both public and private investments. As long as these trends persist, Kingston’s real estate market could provide stable returns on investment over the long term.
