Kingston - the "Smartest" City in Canada
If you’re looking for amazing tenants who've got a great job and are looking to put down roots, buying a home in beautiful Kingston is always a great investment, no matter if a bear or bull market rules the day. An ideal place to settle down, Kingston has been touted as the “smartest” city in Canada, with more PhD grads per capita than anywhere else in the country, it’s also frequently cited as one of the best places to live by multiple polls.
With Queen’s University, the Royal Military College of Canada, and St. Lawrence College, you can understand its reputation for brainy citizens, but it’s also a bustling hub of independent business, green and eco-friendly initiatives, numerous festivals and arts-related celebrations, a gorgeous freshwater sailing harbour, and beautiful parks and trails along the ever-majestic St. Lawrence River. While a small city of only about 125,000 residents, it packs the punch of a thriving metropolis and cultural centre, and is actually equidistant (and a short drive) away from Toronto, Ottawa, and Montreal if you need to make a business meeting, see an attraction, or meet up with your big-city friends.
With a large military base nearby, Kingston is a major national hub for military families and members going through training or simply working day to day at the base. With so many different and high-paying jobs around this area, Kingston is a mecca for well-employed tenants looking for a quality place to call home.
Why should I invest in Kingston?
Kingston is the second largest city in Eastern Ontario. Its large area relative to its population gives it a low population density, a characteristic Kingston shares with most of the rest of Eastern Ontario. The median age of Kingston's population is in the mid-range for comparator cities and is significantly lower than Eastern Ontario counties. Kingston's population is well-educated in comparison to other cities and our visible minority make-up is rich and diverse.
Kingston Region Market Facts (June 2017)
- 2016 Vacancy Rate: 2.0%
- Average MLS Residential Sale Price: $330,005 (up 7.5% from 2016)
- Total Market Listings (MLS): 604 (lowest since late 1980's)
- Average Weekly Earnings (Kingston household): $1780.23
- Average 3 Bedroom Rent (city center): $1800.00
- Average 3 Bedroom Rent (outside city center): $1325.00
- Percentage of population renting: 32.8%