Kitchener Real Estate & Homes For Sale

Kitchener is located in Southwestern Ontario, in the Saint Lawrence Lowlands. This geological and climatic region has wet-climate soils and deciduous forests. Situated in the Grand River Valley, the elevation is generally above 300 m (1,000 ft). It is one of three cities that make up the Regional Municipality of Waterloo and is the regional seat. The city covered an area of 136.86 km2 and had a population of 233,222 at the 2016 census. It is situated in the Grand River valley, 60 miles (95 km) west-southwest of Toronto and was also known as Berlin until a 1916 referendum changed its name. Kitchener (formerly Berlin), a city in Waterloo county, Ontario, is on the Canadian National Railway, 60 miles west of Toronto, and has an electric railway connection with Waterloo, Hespeler, and Preston.

Settlers are said to have arrived at its site in 1799, but the first recorded settler was Joseph Schneider, from Pennsylvania, who reached the place where Kitchener now stands in either 1806 or 1807. The settlement was first known as Sand Hills and later as Mount Pleasant. Many settlers came directly from Germany in 1830, and the name was changed to Berlin. Berlin was incorporated as a village in 1854, as a town in 1871, and as a city in 1912. The name was changed (1916) to Kitchener during World War, after Field-Marshal Lord Kitchener drowned at sea on June 5, 1916. In recent years city made rapid growth, mainly due to the diversified manufacturing industries located in it and some of them the largest of their kind in Canada. It has also developed into a distributing centre for a large area and has over 40 wholesale or distributing houses. In addition, it has two high schools, a Roman Catholic college, a public library, and a daily evening newspaper.

RENTALS

• The average rent for a 1- bedroom apartment in Kitchener, ON, is currently $1489. It was a 6% increase compared to the previous year.

• The average rent for a 2- bedroom apartment in Kitchener, ON, is currently $1699. It was a 7% increase compared to the previous year.

OWNED

• Average Sale Price: $759,115

• Percentage Change: 26.4 % increase

• Detached Home Average Price: $919,914

• Apartment Average Price: $445,493

• Townhouse Average Price: $590,980

• Semi Detached Average Price: $647,918

Kitchener Housing Market Trends

In June, the average sale price for all residential properties in the Kitchener-Waterloo area was $759,115. It represents a 26.4 percent increase over June 2020 and a 2.6 percent increase compared to May 2021.

The average price of a detached home was $919,914. That represents a 31.9 percent increase from June 2020 and an increase of 5.9 percent compared to May 2021.

The average sale price for an apartment-style condominium was $445,493. That represents an increase of 19.3 percent from June 2020 and a decrease of 2.3 percent compared to May 2021.

The average sale price for a townhouse was $590,980. That represents a 29 percent increase from June 2020 and a decrease of 1.9 percent compared to May 2021.

The average sale price for a semi-detached house was $647,918. That represents an increase of 28.3 percent compared to June 2020 and a decrease of 1.8 percent compared to May 2021.

Kitchener Demographics

• AGE: From an age perspective, children under the age of five accounted for 6.0% of the resident population of Kitchener, compared to 5.5% in Ontario and 5.3% for Canada overall. 11.7% of the resident population in Kitchener had reached retirement age, which is smaller than 13.6% in Ontario, and 13.7% in Canada. The median age was 37 years, younger than the province average (39 years) and the national average (40 years). Thus, the population of the city is relatively young.

• Ethnicity: According to the Canada census, Kitchener is an extremely diverse city with many ethnic and cultural groups living here. Major ethnic origin groups are: Canadian (23.7%), German (22.2%), English (21.0%), Irish (16.4%), Scottish (16.2), French (9.0%), Polish (5.5%), Dutch (4.3%), East Indian (3.6%),Italian (3.3%). Major minority groups include 5.0% South Asian, 2.1% Chinese, 4.1% Black, 3.0% Southeast Asian, 0.7% Filipino, 2.6% Latin American.

• Religion: The religious makeup of Kitchener is: No religion (15.6%), Christian (78.85%), Islam (2.24%), Buddhist (0.6%), Sikh (0.7%), Hindu (1%), and Jewish (0.5%). Catholicism is the largest religious denomination in the city. The major religion seen in the city is Christianity.

Education

Quality education starts on the first day of school and can continue through the rest of your life. Kitchener is home to public and private schools, colleges, universities and more.

Schools

• Cameron Heights

• Huron Heights

• St Mary's

• Lackner Woods

Colleges

Conestoga College has two campuses in Kitchener: Doon and the Downtown. The job placement rate for graduates six months after they finish their programs is 94.2%. TriOS College has programs in business, healthcare, law and more. Their campus is in downtown Kitchener.

Universities

The University of Waterloo's health sciences campus, including their School of Pharmacy, is located in downtown Kitchener.

Wilfrid Laurier University's Faculty of Social Work is in downtown Kitchener, across the street from City Hall.

Employment

Kitchener's economic heritage is manufacturing. 20.36% of jobs are directly related to the manufacturing industry as of 2011. The city contains four municipal business parks: the Bridgeport Business park, the Grand River West Business Park, the Huron Business Park, and Lancaster Corporate Centre. The Huron Business Park's largest park is home to several major industries in Kitchener, such as seat manufacturers and furniture components.

The majority of the jobs in Kitchener either falls in the secondary or tertiary sector. In 2014, 28% of jobs available in Kitchener were manufacturing-based. Simultaneously, 72% of the labour force works in the services-producing sector, or the tertiary industry, 25.15% of which is working in the education department. Only 1% worked in the primary sector that is agriculture.

RECREATION

• The Museum: Children of all ages can practice their graffiti skills on a wall, create an animation film, construct a fort, lie on a bed of nails or dance on a giant piano. There is also a 125-gallon fish tank, an indoor garden and a few art installation pieces.

• Doon Heritage Village: This 24-hectare living history village is filled with homes from the era that have been removed, restored and rebuilt here.

• Chicopee Ski Club: Visit in the summer, go mountain biking or hiking, or climb its 9.1-metre high rock-climbing wall. There are also volleyball and tennis courts onsite.

• The Victoria Park: It is also the oldest park in the city, and it is a great place to spend a day.

• The Golf Courses: The Doon Valley sits right next to the Grand River and has an 18-hole and 9-hole course, as well as a Pitch' n Putt course. The 18-hole, par-70 Rockway Golf Course was designed by Stanley Thompson. It is known to be one of the finest public courses in all of Ontario.

FAQs (Kitchener Real Estate)

• What is the average home price in Kitchener, ON ?

The average home sold price in Kitchener, ON is $759,115.

• What percent of people live on rent in Kitchener ?

Around 35% of people live on rent.

• What percent of people own houses in Kitchener ?

65% own their homes in Kitchener.

• What is the average income of residents of Kitchener ?

The median family income in Kitchener is $63,709.