KINGSTON HOUSING MARKET INFO
KINGSTON HOUSING MARKET INFO
An Ever Growing Market
The Multi-Residential, Apartment and Student Housing Investment Market Sector
remained strong in 2021 and is projected to continue on this upward growth path
due to Kingston’s strong economic and market fundamentals:
Location
Kingston is the largest city in-between Toronto, Ottawa and Montreal
Demand
Kingston’s housing industry and demand is driven in part by increasing
enrolment numbers at Queen’s University, St. Lawrence College and Royal
Military College. Queen’s University in particular has a student population of
over 95% of students who live outside Kingston and relocate for their post
secondary education.
Stability
Kingston’s labour market is fuelled by stable Government, Institutional and
Health Care Oriented Jobs.
Quality Of Life
Kingston is also consistently ranked near the top cities in Canada to live in in
terms of quality of life. Kingston is well positioned on Lake Ontario and benefi ts
from a vibrant downtown atmosphere. The city attracts a wide demographic
from students, young professionals, young families and retirees.
In addition there is signifi cant interest from GTA based and international investors
to invest in Kingston. This trend has steadily increased within the past 5 years with
the market share of owners from outside of Kingston. Investors can achieve high
returns thanks to high rental rates and strong demand but at a price point more
affordable than Ottawa, Montreal and Toronto.
NAtional Recognition
KINGSTON HAS ALSO BEEN RECOGNIZED NATIONALLY AND INTERNATIONALLY IN VARIOUS RANKING STUDIES:
Ranked #1
Top Cities in Canada to be a Woman
Ranked #1
Best Small City
Ranked #1
Fastest Growth in Transit Ridership
Ranked #4
Top City in Ontario for Millennials
Ranked #5
Top City to Buy Real Estate in Canada
Ranked #6
Small City for Human Capital & Lifestyle
Ranked #6
In World for Start-Up Ecosystems
Ranked #6
Best Community in Canada
Home To One Of Canada's Oldest Universities
Queen's university
Founded in 1841, Queen’s University is one of Canada’s oldest and most respected
education institutions. In 2017, Queen’s was ranked 10th in Canada and 224th in
the world by QS World University Rankings. Currently, the university’s enrollment
is at 22,835 students, and is consistently increasing year over year. Queen’s is
divided into 10 schools. Approximately 85% of the total 2016 Undergraduate
enrollment was in the Arts and Science, Engineering and Commerce fi elds of
study. While the Medical Doctoral and Law streams have met tremendous national
recognition, Queen’s Smith School of Business has been consistently ranked in the
top 3 business schools in Canada.
Steady growth of student population
Academics
The city of Kingston is one of the country’s leading academic cities. In fact, the
city has the most PhD graduates per capita in the country, a representation of the
education-dominant character of the city. Education institutions include: Queen’s
University, the Royal Military College of Canada and St. Lawrence College
Campus
The university campus is roughly 99 acres and is located in the Queen’s
neighbourhood in Kingston. The surrounding areas include various student
housing properties and parks, with Lake Ontario just south of the campus. Queen’s
has 2 campuses: Main Campus and West Campus. Over time, the university has
acquired properties in the area for expansion purposes.
Student Enrollment
Enrollment at the university has steadily increased every year. Actual
enrollment fi gures have typically exceeded projections. Queen’s expects Fall
2019 enrollment to be roughly 25,000. The University projected that the Canadian university-aged population is
to drop slightly between 2011 and 2020. In order to circumvent enrollment
declines, Queen’s began to focus on alternative enrollment avenues, such as
part-time and mature students. The University considers it an institutional
priority to increase the number of international students.
In 2018/2019, enrollment of fi rst year international students increased by 7.9% from the previous year. The undergraduate-level student retention in 2017 for Year One to Two was 94.7%, among the highest in Canada. With Kingston’s historical economic structure, particularly pertaining to education services and research, and its senior population, doctoral-stream and PhD, enrollment is projected to increase
In 2018/2019, enrollment of fi rst year international students increased by 7.9% from the previous year. The undergraduate-level student retention in 2017 for Year One to Two was 94.7%, among the highest in Canada. With Kingston’s historical economic structure, particularly pertaining to education services and research, and its senior population, doctoral-stream and PhD, enrollment is projected to increase
