44% of Heritage Park’s homes are apartments, against 13% for Ontario’s towns
Census values for 2021: a median of $695,000 and an average of $642,824. Census values are owners’ own estimates, taken in May 2021, before the rise in interest rates. Sale prices aren’t published in Ontario: what owners told the census is the figure to go on for Heritage Park.
Two ways to price a home in Heritage Park
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. MPAC hasn’t reassessed since its 1 January 2016 values, which is why the figure sits well under the census value; it compares only within Ontario.
median, owners’ estimate
- Average
- $643K
- Owners
- 1,390
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH). · Area-wide: assessed values, values by property type and building permits, counted over the city of Kitchener
On the assessment roll, Kitchener’s houses sit 37% above Ontario’s towns
Assessors listed 81,065 residential properties in Kitchener for 2024, 60% of them detached houses and 13% condos.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
More need than most: 16% of households in Heritage Park (Ontario’s towns: 9%)
The 2021 census counted 2,775 occupied homes in Heritage Park. At least half predate 1981. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Heritage Park | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 10% | 7% | 8% |
| Needing major repairs | 5% | 6% | 6% |
| Too small for the household | 6% | 5% | 3% |
| Households in core housing need | 16% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
32.5 new homes a year per 1,000 in Kitchener: more than Ontario’s towns (15)
Kitchener issued permits for 17,524 new homes from 2018 to 2023, or about 2,921 a year. Only 13% went into single-unit buildings, beside 66% for Ontario’s towns.
A peak in 2023: 4,095 new homes
New homes a year per 1,000 homes
4,795 new homes in the 12 months to August 2026, down 10% on the year before
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021. · Monthly permits: one figure for all of the Kitchener-Cambridge-Waterloo metro area
Heritage Park sits near the middle of Ontario’s towns ($695,000)
The census values of Ontario’s towns, 871 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Heritage Park: Stanley Park and Auditorium
Next to Heritage Park: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Heritage Park | $695K | $643K | 49% | |
| Grand River North | $700K | $708K | 91% | 0.9 |
| Rosemount | $695K | $686K | 56% | 1 |
| Stanley Park | $628K | $618K | 60% | 1.5 |
| Idlewood | $800K | $832K | 90% | 1.8 |
| Auditorium | $650K | $693K | 60% | 2.5 |
| Central Frederick | $695K | $649K | 45% | 2.8 |
Census 2021 values; km.
Questions about property prices in Heritage Park
Is Heritage Park expensive for Ontario?
In the middle: Ontario’s towns come to $695,000, and so, near enough, does Heritage Park.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).