Kingston House Prices Jump 10 per-cent from a Year Ago

The price of a home in Kingston is up almost 10 per-cent over this time last year,  according to the Royal LePage House Price Survey.

The average price of a home is now over $333,000 in the Limestone City.

The average price of a standard two-storey home saw double-digit growth, rising 16.3 per-cent year-over-year, to $376,295 in the first quarter of 2017,while the price of a bungalow saw only a slight increase of 0.8 per-cent.

Royal LePage credits Kingston's stable economy and extremely attractive home prices for bringing buyers into our market.

"Recently, Kingston experienced a boom in commercial development, bringing a host of new companies and jobs to the city," says Bob Armer, area manager, Royal LePage ProAlliance Realty.
 
"This has helped fuel housing demand in the region, and has added to the foundational stability of the area's real estate market."

Nationally, Canada's residential real estate market saw substantial price growth in the first quarter of 2017, increasing 12.6 per-cent year-over-year to $574,103.