Aldersyde, 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
Current Market Conditions and Trends
The current real estate market in Aldersyde, Alberta, is experiencing steady growth. With a median house price of $500,000 and an annual increase of 3.5% year-over-year, the housing market demonstrates healthy appreciation. This suggests a stable environment for homeowners and investors alike. The median apartment price stands at $300,000, with a slower yet positive growth trend of 2.1% year-over-year. These figures reflect a balanced market that is potentially attractive to both first-time homebuyers and those looking to downsize.
The population of Aldersyde has reached 15,000 residents, with a robust growth rate of 7.1%. This significant population increase indicates a burgeoning community that could drive further demand in housing as new residents seek accommodation.
Investment Opportunities and Potential
Given the steady growth in property values and the strong population increase, Aldersyde presents multiple investment opportunities. For long-term investors, purchasing residential properties could yield considerable returns as the community expands and housing demand rises. The consistent growth in house prices suggests that investments in single-family homes are likely to benefit from capital gains over time.
Investors focusing on rental income may find apartments particularly appealing due to their lower entry price point and the potential for yield in a growing market. As the population continues to swell, demand for rental units is expected to rise correspondingly, which may lead to an increase in rental rates and reduced vacancy rates.
Future Market Outlook
The future outlook for Aldersyde’s real estate market remains optimistic based on current trends and demographic data. Continued population growth will likely sustain demand for housing, supporting both the resale market and new housing developments. Given the prevailing upward trajectory in housing prices, homeowners can expect ongoing appreciation in property values.
Foresight regarding infrastructure development and community services will be crucial to accommodate the expanding population and maintain the quality of life that attracts new residents to Aldersyde. Assuming these factors are managed effectively, the real estate market here looks poised for sustained growth over the coming years.
