Real Estate Market Report for
Slave Lake, AB

Updated : Aug 2016
House
  • Median price $379,450
  • Monthly growth -7.22 %
  • Quarterly trend
  • Stock on market 3.52%
Apartment
  • Median price $252,450
  • Monthly growth -9.82 %
  • Quarterly trend
  • Stock on market 0.39%
Slave Lake Home Price

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Across the country as a whole, Slave Lake is in the top 20% 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 Slave Lake’s median price is $379,450 considerably better than the rest of the province.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.

There are 339 neighbourhoods that have more properties on sale than Slave Lake at the moment in Alberta which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

Can we guarantee how well Slave Lake is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.

With a median listing price of $252,450, Slave Lake is Canada’s 347th most expensive when ordered by median listing price.

The median house price listed in Slave Lake this month is $252,450.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Slave Lake has more than the average number to choose from compared to the rest of the province

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

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

Beds Median price (House) Median price (Apartment)
2 bedrooms $270,000 $180,000
3 bedrooms $334,950 $359,900
4 bedrooms $394,900 $262,400
5 bedrooms $524,900
6 bedrooms $599,900
Demographics
  • Population in 20116782
  • Population in 20066703
  • 2006 to 2011 population change (%)1.2
  • Total private dwellings2554
  • Private dwellings occupied by usual residents2294
  • Population density per square kilometre478.4
  • Land area (square km)14.18
  • Age Characteristics
    Total population by age groups 6785
    0 to 4 years 595
    5 to 9 years 485
    10 to 14 years 495
    15 to 19 years 570
    15 years 105
    16 years 95
    17 years 130
    18 years 125
    19 years 115
    20 to 24 years 575
    25 to 29 years 580
    30 to 34 years 605
    35 to 39 years 510
    40 to 44 years 470
    45 to 49 years 520
    50 to 54 years 450
    55 to 59 years 340
    60 to 64 years 260
    65 to 69 years 120
    70 to 74 years 80
    75 to 79 years 65
    80 to 84 years 35
    85 years and over 25
    Median age of the population 30.8
    % of the population aged 15 and over 76.7
  • Marital Status
    Total population 15 years and over by marital status 5205
    Married or living with a common-law partner 3160
    Married (and not separated) 2330
    Living common-law 825
    Not married and not living with a common-law partner 2045
    Single (never legally married) 1555
    Separated 110
    Divorced 235
    Widowed 150
    Family Characteristics
    Total number of census families in private households 1845
    Size of census family: 2 persons 780
    Size of census family: 3 persons 465
    Size of census family: 4 persons 390
    Size of census family: 5 or more persons 210
    Total number of census families in private households 1850
    Total couple families by family structure and number of children 1535
    Married couples 1120
    Without children at home 425
    With children at home 700
    1 child 250
    2 children 290
    3 or more children 160
    Common-law couples 410
    Without children at home 190
    With children at home 225
    1 child 110
    2 children 70
    3 or more children 45
    Total lone-parent families by sex of parent and number of children 310
    Female parent 240
    1 child 125
    2 children 80
    3 or more children 40
    Male parent 70
    1 child 45
    2 children 20
    3 or more children 5
    Total children in census families in private households 2290
    Under six years of age 690
    6 to 14 years 850
    15 to 17 years 305
    18 to 24 years 330
    25 years and over 120
    Average number of children at home per census family 1.2
  • Household And Dwelling Characteristics
    Total number of persons in private households 6725
    Number of persons not in census families 1050
    Living with relatives 225
    Living with non-relatives only 440
    Living alone 380
    Number of census family persons 5675
    Average number of persons per census family 3.1
    Total number of persons 65 years and over in private households 285
    Number of persons not in census families aged 65 years and over 95
    Living with relatives 10
    Living with non-relatives only 5
    Living alone 75
    Number of census family persons aged 65 years and over 195
    Total number of private households by household type 2290
    Census-family households 1780
    One-family-only households 1495
    Couple-family households 1285
    Without children 485
    With children 800
    Lone-parent-family households 210
    Other family households 280
    One-family households with persons not in a census family 215
    Couple-family households 155
    Without children 70
    With children 85
    Lone-parent-family households 60
    Two-or-more-family households 65
    Non-census-family households 515
    One-person households 380
    Two-or-more-person households 130
    Total number of occupied private dwellings by structural type of dwelling 2295
    Single-detached house 1305
    Apartment, building that has five or more storeys 0
    Movable dwelling 430
    Other dwelling 560
    Semi-detached house 95
    Row house 165
    Apartment, duplex 30
    Apartment, building that has fewer than five storeys 270
    Other single-attached house 0
    Total number of private households by household size 2295
    1 person 380
    2 persons 680
    3 persons 465
    4 persons 445
    5 persons 195
    6 or more persons 130
    Number of persons in private households 6725
    Average number of persons in private households 2.9
Census 2011

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