Real Estate Market Report for
Grande Prairie, AB

Updated : Aug 2016
House
  • Median price $349,000
  • Monthly growth -0.25 %
  • Quarterly trend
  • Stock on market 0.04%
Apartment
  • Median price $173,800
  • Monthly growth 2.29 %
  • Quarterly trend
  • Stock on market 0.27%
Grande Prairie Home Price

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Grande Prairie was Canada’s 1063th most expensive suburb by listed median house price this month.

While the median for Alberta is $375,000 , which means that Grande Prairie’s median price is $349,000 considerably better than the rest of the province.

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.

Alberta has the fourth most amount of properties available to property investors, with Grande Prairie having 160th most in the province, out of a total of 339.

As one of Alberta’s many potential real estate investment neighbourhoods, Grande Prairie needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

In Grande Prairie, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.

When looking across the province, Grande Prairie is the 89th most expensive in Alberta.

When our research team crunched the numbers we calculated that Grande Prairie has a median home price of $173,800.

If you’re looking at investment properties in Grande Prairie, then you’re most likely to find homes with 2 bedrooms on sale this month.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Grande Prairie has a huge choice compared to the rest of the province

Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Beds Median price (House) Median price (Apartment)
1 bedroom $199,750
2 bedrooms $169,950
3 bedrooms $351,800 $168,500
4 bedrooms $269,000
6 bedrooms $467,400
Demographics
  • Population in 201155032
  • Population in 200647107
  • 2006 to 2011 population change (%)16.8
  • Total private dwellings22979
  • Private dwellings occupied by usual residents21180
  • Population density per square kilometre755.9
  • Land area (square km)72.8
  • Age Characteristics
    Total population by age groups 55030
    0 to 4 years 4840
    5 to 9 years 3600
    10 to 14 years 3225
    15 to 19 years 3675
    15 years 695
    16 years 705
    17 years 660
    18 years 765
    19 years 840
    20 to 24 years 5255
    25 to 29 years 6545
    30 to 34 years 5225
    35 to 39 years 4265
    40 to 44 years 3585
    45 to 49 years 3760
    50 to 54 years 3390
    55 to 59 years 2565
    60 to 64 years 1680
    65 to 69 years 1035
    70 to 74 years 790
    75 to 79 years 610
    80 to 84 years 490
    85 years and over 495
    Median age of the population 30.3
    % of the population aged 15 and over 78.8
  • Marital Status
    Total population 15 years and over by marital status 43365
    Married or living with a common-law partner 25235
    Married (and not separated) 18690
    Living common-law 6545
    Not married and not living with a common-law partner 18130
    Single (never legally married) 13020
    Separated 1240
    Divorced 2440
    Widowed 1435
    Family Characteristics
    Total number of census families in private households 14750
    Size of census family: 2 persons 6900
    Size of census family: 3 persons 3485
    Size of census family: 4 persons 3020
    Size of census family: 5 or more persons 1345
    Total number of census families in private households 14750
    Total couple families by family structure and number of children 12365
    Married couples 9100
    Without children at home 3720
    With children at home 5375
    1 child 1980
    2 children 2325
    3 or more children 1075
    Common-law couples 3270
    Without children at home 1805
    With children at home 1465
    1 child 800
    2 children 475
    3 or more children 200
    Total lone-parent families by sex of parent and number of children 2385
    Female parent 1840
    1 child 1025
    2 children 555
    3 or more children 260
    Male parent 545
    1 child 355
    2 children 150
    3 or more children 40
    Total children in census families in private households 16410
    Under six years of age 5595
    6 to 14 years 5970
    15 to 17 years 1940
    18 to 24 years 2185
    25 years and over 715
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 54390
    Number of persons not in census families 10865
    Living with relatives 1405
    Living with non-relatives only 4490
    Living alone 4965
    Number of census family persons 43530
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 2945
    Number of persons not in census families aged 65 years and over 1035
    Living with relatives 120
    Living with non-relatives only 75
    Living alone 840
    Number of census family persons aged 65 years and over 1910
    Total number of private households by household type 21180
    Census-family households 14430
    One-family-only households 12775
    Couple-family households 11080
    Without children 4840
    With children 6240
    Lone-parent-family households 1700
    Other family households 1660
    One-family households with persons not in a census family 1350
    Couple-family households 875
    Without children 445
    With children 425
    Lone-parent-family households 475
    Two-or-more-family households 305
    Non-census-family households 6745
    One-person households 4965
    Two-or-more-person households 1780
    Total number of occupied private dwellings by structural type of dwelling 21180
    Single-detached house 13645
    Apartment, building that has five or more storeys 135
    Movable dwelling 545
    Other dwelling 6860
    Semi-detached house 1365
    Row house 915
    Apartment, duplex 470
    Apartment, building that has fewer than five storeys 4100
    Other single-attached house 5
    Total number of private households by household size 21180
    1 person 4965
    2 persons 7105
    3 persons 3930
    4 persons 3340
    5 persons 1255
    6 or more persons 580
    Number of persons in private households 54390
    Average number of persons in private households 2.6
Census 2011

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