Real Estate Market Report for
Hay Lakes, AB

Updated : Aug 2016
House
  • Median price $237,250
  • Monthly growth 32.35 %
  • Quarterly trend
  • Stock on market 3.21%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Hay Lakes Home Price

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Across the country as a whole, Hay Lakes is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

While the median for Alberta is $375,000 , which means that Hay Lakes’s median price is $237,250 better than average 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.

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

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Hay Lakes, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 6.

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.

Will prices rise across the next year in in Hay Lakes? There are a number of real estate indicators to consider.

In Hay Lakes, 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 $292,000
Demographics
  • Population in 2011425
  • Population in 2006362
  • 2006 to 2011 population change (%)17.4
  • Total private dwellings187
  • Private dwellings occupied by usual residents170
  • Population density per square kilometre730.1
  • Land area (square km)0.58
  • Age Characteristics
    Total population by age groups 425
    0 to 4 years 40
    5 to 9 years 35
    10 to 14 years 20
    15 to 19 years 20
    15 years 5
    16 years 5
    17 years 5
    18 years 5
    19 years 5
    20 to 24 years 30
    25 to 29 years 40
    30 to 34 years 40
    35 to 39 years 25
    40 to 44 years 25
    45 to 49 years 40
    50 to 54 years 30
    55 to 59 years 25
    60 to 64 years 15
    65 to 69 years 20
    70 to 74 years 15
    75 to 79 years 0
    80 to 84 years 0
    85 years and over 0
    Median age of the population 34.2
    % of the population aged 15 and over 78.1
  • Marital Status
    Total population 15 years and over by marital status 335
    Married or living with a common-law partner 215
    Married (and not separated) 150
    Living common-law 60
    Not married and not living with a common-law partner 115
    Single (never legally married) 80
    Separated 15
    Divorced 20
    Widowed 10
    Family Characteristics
    Total number of census families in private households 120
    Size of census family: 2 persons 60
    Size of census family: 3 persons 25
    Size of census family: 4 persons 25
    Size of census family: 5 or more persons 10
    Total number of census families in private households 120
    Total couple families by family structure and number of children 110
    Married couples 75
    Without children at home 35
    With children at home 40
    1 child 15
    2 children 20
    3 or more children 10
    Common-law couples 30
    Without children at home 20
    With children at home 10
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 15
    Female parent 10
    1 child 5
    2 children 5
    3 or more children 5
    Male parent 5
    1 child 0
    2 children 0
    3 or more children 0
    Total children in census families in private households 125
    Under six years of age 45
    6 to 14 years 40
    15 to 17 years 15
    18 to 24 years 20
    25 years and over 5
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 425
    Number of persons not in census families 70
    Living with relatives 10
    Living with non-relatives only 15
    Living alone 45
    Number of census family persons 355
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 40
    Number of persons not in census families aged 65 years and over 10
    Living with relatives 0
    Living with non-relatives only 5
    Living alone 10
    Number of census family persons aged 65 years and over 30
    Total number of private households by household type 170
    Census-family households 120
    One-family-only households 110
    Couple-family households 100
    Without children 50
    With children 50
    Lone-parent-family households 15
    Other family households 10
    One-family households with persons not in a census family 10
    Couple-family households 5
    Without children 5
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 0
    Non-census-family households 50
    One-person households 45
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 170
    Single-detached house 155
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 5
    Semi-detached house 5
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 5
    Total number of private households by household size 170
    1 person 45
    2 persons 60
    3 persons 25
    4 persons 25
    5 persons 10
    6 or more persons 10
    Number of persons in private households 425
    Average number of persons in private households 2.5
Census 2011

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