Real Estate Market Report for
Forestburg, AB

Updated : Aug 2016
House
  • Median price $169,250
  • Monthly growth 6.44 %
  • Quarterly trend
  • Stock on market 3.16%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Forestburg Home Price

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The $169,250 price tag on the median Forestburg home means that it is below the national norm.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

It’s never an exact art, but to try to forecast how property is going to appreciate in Forestburg for investors, it’s important to look at data like:

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Forestburg there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

Is Forestburg a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

In Forestburg, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Beds Median price (House) Median price (Apartment)
3 bedrooms $134,000
4 bedrooms $199,000
5 bedrooms $234,950
Demographics
  • Population in 2011831
  • Population in 2006895
  • 2006 to 2011 population change (%)-7.2
  • Total private dwellings380
  • Private dwellings occupied by usual residents348
  • Population density per square kilometre302
  • Land area (square km)2.75
  • Age Characteristics
    Total population by age groups 830
    0 to 4 years 45
    5 to 9 years 55
    10 to 14 years 50
    15 to 19 years 50
    15 years 5
    16 years 5
    17 years 10
    18 years 10
    19 years 15
    20 to 24 years 45
    25 to 29 years 40
    30 to 34 years 50
    35 to 39 years 40
    40 to 44 years 50
    45 to 49 years 65
    50 to 54 years 65
    55 to 59 years 70
    60 to 64 years 55
    65 to 69 years 50
    70 to 74 years 35
    75 to 79 years 25
    80 to 84 years 20
    85 years and over 25
    Median age of the population 44.8
    % of the population aged 15 and over 82.3
  • Marital Status
    Total population 15 years and over by marital status 680
    Married or living with a common-law partner 440
    Married (and not separated) 380
    Living common-law 60
    Not married and not living with a common-law partner 245
    Single (never legally married) 145
    Separated 15
    Divorced 40
    Widowed 45
    Family Characteristics
    Total number of census families in private households 245
    Size of census family: 2 persons 145
    Size of census family: 3 persons 35
    Size of census family: 4 persons 35
    Size of census family: 5 or more persons 25
    Total number of census families in private households 240
    Total couple families by family structure and number of children 210
    Married couples 185
    Without children at home 105
    With children at home 80
    1 child 25
    2 children 35
    3 or more children 25
    Common-law couples 25
    Without children at home 15
    With children at home 10
    1 child 5
    2 children 0
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 30
    Female parent 20
    1 child 15
    2 children 5
    3 or more children 0
    Male parent 5
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 220
    Under six years of age 50
    6 to 14 years 95
    15 to 17 years 25
    18 to 24 years 35
    25 years and over 15
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 795
    Number of persons not in census families 120
    Living with relatives 5
    Living with non-relatives only 15
    Living alone 100
    Number of census family persons 680
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 135
    Number of persons not in census families aged 65 years and over 35
    Living with relatives 0
    Living with non-relatives only 5
    Living alone 35
    Number of census family persons aged 65 years and over 95
    Total number of private households by household type 350
    Census-family households 245
    One-family-only households 235
    Couple-family households 210
    Without children 120
    With children 90
    Lone-parent-family households 25
    Other family households 5
    One-family households with persons not in a census family 5
    Couple-family households 5
    Without children 0
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 0
    Non-census-family households 105
    One-person households 100
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 350
    Single-detached house 315
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 15
    Semi-detached house 5
    Row house 5
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 10
    Other single-attached house 0
    Total number of private households by household size 350
    1 person 100
    2 persons 145
    3 persons 35
    4 persons 40
    5 persons 20
    6 or more persons 5
    Number of persons in private households 800
    Average number of persons in private households 2.3
Census 2011

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