Altario, 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 Altario, Alberta is currently experiencing stable growth, with the median house price sitting at $500,000, which represents a year-over-year increase of 3.5%. This indicates a steady demand for housing in the area, likely driven by the region’s economic stability and quality of life.
Apartments in Altario are also showing consistent growth, though at a slightly more modest rate. With the median apartment price at $300,000 and experiencing a 2.1% year-over-year increase, it suggests that there is ongoing interest in more affordable and perhaps more flexible housing options.
The local population has grown to 15,000 residents, marking a 7.1% growth. This significant population increase is an important factor contributing to the demand for housing and can be seen as a positive indicator for the overall health of Altario’s real estate market.
2. Investment Opportunities and Potential
The consistent growth in property values coupled with strong population growth suggests that Altario offers promising investment opportunities. The rising demand for housing could make both the purchase of single-family homes and investment in apartment complexes attractive options. Investors should note that the higher growth rate in median house prices compared to apartments may point to a particularly strong potential for capital gains in the single-family home sector.
Furthermore, as new residents are attracted to Altario due to employment opportunities or lifestyle choices, rental properties might become increasingly lucrative. Investors looking to provide rental accommodation may benefit from favorable market conditions as population growth continues to drive demand.
3. Future Market Outlook
The future market outlook for Altario’s real estate appears optimistic based on current trends. The solid year-over-year growth rates for both houses and apartments suggest that property values are likely to continue their upward trajectory, albeit at a measured pace. This steady appreciation indicates that the market is not experiencing rapid inflation but rather sustainable growth.
The robust population increase is expected to continue fueling demand for housing across all sectors. If this trend persists alongside favorable economic conditions and infrastructure development, Altario’s real estate market could offer sustained long-term value for homeowners and investors alike.
In conclusion, while no market is without its risks, Altario’s current performance and positive indicators provide a cautiously optimistic outlook for those interested in entering or expanding their presence in the local real estate market.
