What’s Happening in the Kenora Housing Market?
The average residential sale price in the Kenora housing market increased by 13 per cent across all property types between 2025 and 2026, rising from $553,695 to $628,261. Meanwhile, the number of sales remained unchanged at 156 over the same period. The number of listings decreased by approximately 1.9 per cent, declining from 325 to 319.
Looking ahead, average 2026 sale prices and the number of sales are both expected to remain flat compared with 2025 levels.
The Kenora housing market experienced a strong seller-favourable conditions during the spring, with many homes using set offer dates and selling at or above asking price, according to Angela Kuchma, Broker at REMAX Northwest Realty Ltd., based in Kenora. By July, market conditions had begun shifting toward a more balanced environment.
A lack of homes that meet buyers’ budgets and needs remains the biggest barrier preventing more first-time buyers from entering the market.
The GST/HST rebate has not had a meaningful impact on the local housing market because there is very little new construction available. Awareness of the program remains limited when new-build opportunities do arise, and some buyers continue to be hesitant or skeptical about how the rebate works.
Buyers are least willing to compromise on property type. However, they have become more willing to consider different locations, homes that do not meet every preference, and properties with potential for future improvements.
According to Angela, the foreign buyer ban has had little impact on affordability or new construction development in the Kenora region.
Frequently Asked Questions
How have home prices changed in the Kenora region?
The average residential sale price in the Kenora region increased by 13 per cent between 2025 and 2026, rising from $553,695 to $628,261.
How have sales and listings changed in the Kenora region?
The number of sales remained unchanged at 156, while the number of listings decreased by approximately 1.9 per cent, from 325 to 319.
What is expected for Kenora region home prices in 2026?
Average 2026 sale prices are expected to remain flat compared with 2025 levels.
What is expected for home sales in the Kenora region in 2026?
The number of sales is also expected to remain flat compared with 2025 levels.
What type of market is the Kenora region experiencing?
The Kenora region experienced a strong seller’s market during the spring, with many homes selling at or above asking price. By July, market conditions had begun moving toward a more balanced market.
What is the biggest barrier for first-time buyers?
A lack of homes that meet buyers’ budgets and needs remains the biggest factor preventing more first-time buyers from entering the market.
How is the GST/HST rebate affecting the Kenora region housing market?
According to Angela Kuchma, Broker at REMAX Northwest Realty Ltd., the GST/HST rebate has not had a meaningful impact because there is very little new construction available in the market. Awareness remains limited, and some buyers continue to be hesitant or skeptical about how the program works.
Why has the GST/HST rebate had limited impact in the region?
The lack of new-construction developments means there are few opportunities for buyers to benefit from the rebate, even when interest in the program exists.
What are buyers least willing to compromise on?
Buyers are least willing to compromise on property type, even as they become more open to considering different locations and homes that do not meet every preference.
How are buyer preferences changing?
More buyers are willing to consider properties with potential for future improvements and homes located outside their preferred areas in order to find the right opportunity.
Has the foreign buyer ban affected affordability or new construction development?
According to Angela Kuchma, the foreign buyer ban has had little impact on affordability or new construction development in the Kenora region.
