Kinmount, 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
In Kinmount, Ontario, the real estate market is currently exhibiting steady growth. The median house price in the area stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes and a market that is appreciating at a moderate pace. Similarly, apartments are also experiencing growth with a median price of $300,000 and an annual appreciation rate of 2.1%, suggesting a stable investment environment for smaller residential units.
The population of Kinmount has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This demographic expansion suggests an increasing demand for housing and can be attributed to factors such as economic development in the area, an influx of new residents searching for a balance between urban accessibility and rural charm, or even local improvements in amenities and infrastructure driving desirability.
Investment Opportunities and Potential
The current trends in Kinmount point to promising investment opportunities in the real estate sector. With solid population growth far outpacing national averages, there is potential for both rental and sale markets to expand. Investors may consider leveraging the rising demand for housing by investing in properties that cater to diverse preferences—from single-family homes to apartments.
The consistent increase in property values over the years highlights the opportunity for capital gains over the medium to long term. Moreover, given the town’s positive demographic trends, real estate investors may also explore developments that can meet future housing needs or consider renovations that add value to existing properties to tap into this growing market.
Future Market Outlook
The future outlook for Kinmount’s real estate market appears optimistic based on current data and trends. Assuming the continuation of current economic drivers—such as population growth and regional development—the demand for residential properties is likely to sustain or potentially increase. The steady growth rates in house and apartment prices suggest a balanced market that isn’t overheating but still provides room for profitable investments.
Potential risks such as economic downturns or changes in interest rates could impact these projections; however, considering the robust population increase and consistent appreciation in property values, Kinmount’s market resilience looks favorable. Investors are advised to monitor local economic indicators closely while acknowledging that real estate markets are subject to cyclical fluctuations influenced by broader national and global economic trends.
