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Kitchener, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $575,000
Monthly growth 1.1%
Quarterly trend 4.2%
Stock on market 0.8%

Apartment

Median price $350,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.1%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $475,000
3 bedrooms $575,000
4 bedrooms $675,000

Apartments

Bedrooms Median Price
1 bedrooms $290,000
2 bedrooms $360,000
3 bedrooms $450,000

Demographics

Current Population (2025) 250,000
Previous Population (2020) 245,000
Population Change 2.0%
Total Private Dwellings 100,000
Occupied Private Dwellings 95,000
Population Density (per km²) 1,000.0
Land Area (km²) 250.5

Market Analysis





Kitchener Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Kitchener, Ontario is currently characterized by moderate growth. With a median house price of $575,000 and a year-over-year increase of 4.2%, the market is showing resilience despite economic uncertainties. The median apartment price stands at $350,000, experiencing a slightly more modest growth rate of 2.5% over the same period.

Kitchener’s market is bolstered by its population of 250,000 residents, which has grown by 2.04%—a clear indicator of the city’s attractiveness to new residents and investors alike. This influx is likely contributing to sustained demand for housing in both purchase and rental markets.

Investment Opportunities and Potential

The steady increase in property values indicates a healthy investment potential in Kitchener’s real estate market. Houses are leading with a stronger appreciation rate compared to apartments, suggesting that single-family homes might offer better capital gains in the short to medium term.

For investors looking at rental properties, the consistent population growth promises a growing pool of potential tenants. Moreover, with house prices outpacing apartments in terms of growth, apartments may become increasingly attractive for those looking for more affordable entry points into the real estate market.

Future Market Outlook

The future outlook for Kitchener’s real estate market appears positive. The sustained population growth should continue to drive demand for housing. Assuming that economic conditions remain stable and interest rates do not rise significantly, the market is likely to maintain its upward trajectory.

However, investors should monitor external economic factors such as employment rates and the broader Canadian housing market trends that could impact Kitchener’s local economy and real estate dynamics.

In conclusion, Kitchener represents a stable yet dynamic market with reasonable growth prospects for both homebuyers and investors. Its performance relative to other Ontario markets warrants attention from those looking to capitalize on emerging opportunities in Canadian real estate.