Kipling, 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 Kipling, Ontario, is currently experiencing a phase of steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is indicating a healthy upward trend. Similarly, apartments are also seeing appreciation with a median price of $300,000 and a growth rate of 2.1% over the past year. These figures showcase a robust and expanding market.
Investment Opportunities and Potential
Given the consistent growth in property values, Kipling represents a promising opportunity for real estate investors. The strength in the housing sector is complemented by a significant population growth of 7.1%. This demographic expansion suggests an increasing demand for housing, which could further drive property values upwards. Investors might find potential in both the single-family home segment and the apartment sector due to their steady appreciation rates.
Future Market Outlook
Looking ahead, the future market outlook for Kipling is positive. The sustained population increase could potentially lead to higher demand for housing, which may result in continued appreciation of property values. If current trends persist, long-term investments in Kipling’s real estate could yield substantial returns due to the area’s growing desirability and economic stability. However, investors should keep an eye on national economic trends and local developments that might impact the market dynamics.
