Kintore, 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
The real estate market in Kintore, Ontario is currently characterized by moderate growth. With a year-over-year house price increase of 3.5%, the median house price stands at $500,000. This indicates a stable and growing market for single-family homes. The condominium and apartment sector is also experiencing growth, albeit at a slower pace with a 2.1% year-over-year price increase, bringing the median apartment price to $300,000. The current trends suggest that Kintore’s housing market is keeping up with national averages without overheating.
Investment Opportunities and Potential
Kintore offers promising investment opportunities given the consistent growth in property values. Single-family homes represent a solid investment with their steady appreciation rate of 3.5%. Apartments also present an opportunity for investors looking to tap into the rental market or seeking lower entry points into real estate investment; their value has increased by 2.1% from the previous year. Additionally, Kintore’s robust population growth of 7.1% indicates an expanding local economy and potentially increasing demand for housing which could drive future property value appreciation.
Future Market Outlook
The future outlook for the Kintore real estate market is cautiously optimistic. The combination of steady price trends and significant population growth suggests that demand for housing will remain strong. Assuming the local economy continues to perform well and attract new residents, both the single-family home market and apartment sector should continue to offer favourable returns on investment over the long term. However, potential investors should monitor economic indicators closely as external factors such as interest rates and regional employment opportunities can influence market dynamics significantly.
