After a volatile few years marked by the pandemic boom and the subsequent correction driven by rising interest rates, Kingston's housing market has entered a more stable phase in 2025. This analysis covers current conditions, price trends, and what buyers and sellers should expect for the remainder of the year.
Kingston's housing market in 2025 is broadly balanced, with pockets of seller-favoured conditions in the most desirable neighbourhoods. Following the sharp rate increases of 2022–2023 and the resulting price softening, the market has gradually recovered. Benchmark home prices have largely returned to, or surpassed, 2021 levels in most categories, though the frothy conditions of early 2022 have not returned.
Benchmark price for a Kingston detached home is approximately $650,000–$700,000 in 2025. This represents a recovery from the 2023 lows and moderate growth over the pre-pandemic 2019 levels. Year-over-year growth is running at approximately 3–5%.
The condo market has been softer than detached, partly due to increased supply from new development and partly due to investor pullback. Average condo prices $350,000–$430,000. This segment offers opportunities for buyers as days-on-market are longer and negotiation is more possible.
Townhouses remain popular for first-time buyers and downsizers. Average $450,000–$540,000. Supply is limited, keeping this segment competitive. Multiple-offer situations still occur for well-priced freehold townhouses in good locations.
Active listings in Kingston remain below historical norms. New listing volumes have increased slightly from 2023 lows as sellers who were waiting for rate stabilization have come to market. However, total inventory is still insufficient to meet demand at the current price point, which supports prices.
Well-priced detached homes in desirable Kingston neighbourhoods are selling in 15–25 days. Overpriced homes or those requiring significant work can sit for 60–90 days. The condo market averages 30–45 days on market. Properties with deferred maintenance are experiencing longer marketing periods as buyers have become more selective post-rate-rise.
The Bank of Canada's rate reduction cycle that began in 2024 has gradually improved affordability. Variable rate mortgages have become more attractive again. Fixed rates have stabilized at levels that, while higher than 2020–2021 lows, are manageable for buyers with solid income. The psychological barrier of high rates — which kept many buyers on the sidelines — has eased as buyers adjust their expectations.
Kingston faces a structural supply shortage. Heritage preservation requirements constrain intensification in the historic core. Servicing capacity limits expansion on the city's edges. Several condominium and townhouse developments are in the pipeline, but completion timelines extend well into 2026–2027. This supply constraint is a floor under prices.
For the remainder of 2025, Kingston's housing market is expected to see continued moderate price appreciation of 3–5% annually. Detached homes in desirable neighbourhoods will remain competitive. The condo market will be slower to recover. Investors may find opportunities in multi-unit residential as rental rates continue to increase. Buyers who have been waiting for prices to fall further may find that the window of relative value — compared to GTA and Ottawa — is narrowing as more out-of-town buyers discover Kingston.
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