Airdrie, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Airdrie, Alberta, is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market demonstrates resilience and sustained demand. Similarly, the apartment sector shows a healthy progression with a median price of $300,000 and a growth trend of 2.1% over the past year.
One contributing factor to this steady appreciation is Airdrie’s population growth rate of 7.1%. This influx of residents is likely fueling housing demand, which in turn supports property value increases. Furthermore, as an emerging market adjacent to Calgary, Airdrie is benefiting from spillover effects as buyers seek more affordable housing options outside the larger city.
2. Investment Opportunities and Potential
The investment landscape in Airdrie is promising for both residential properties and apartments. The consistent growth in median prices for houses and apartments indicates that real estate investments have been performing well historically.
Given the population growth rate, demand for housing is expected to remain strong, which presents an opportunity for investors looking to enter the market or expand their portfolios. Rental properties are likely to be a viable segment, considering the potential influx of people looking for temporary residence as they transition into the community or seek employment opportunities within Airdrie or nearby Calgary.
3. Future Market Outlook
The future real estate market outlook for Airdrie remains positive. The area’s strong population growth serves as a key indicator for continued demand in housing. Assuming that economic conditions remain favorable and the local job market stays robust, it’s reasonable to anticipate ongoing appreciation in property values.
In addition to residential growth, commercial developments could follow suit due to increased consumer spending power within the community. Investors should monitor infrastructure projects and new business openings as these can serve as catalysts for further market expansion.
Overall, careful analysis of local trends coupled with broader macroeconomic factors will be critical for making informed investment decisions in Airdire’s dynamic real estate market.
