Anzac, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Anzac, Alberta, the real estate market is currently experiencing steady growth. The median house price stands at $485,000, representing a year-over-year increase of 4%. This suggests a healthy demand for single-family homes in the area. The market for apartments is also growing, albeit at a slower pace, with the median apartment price hitting $295,000 and witnessing a 1.5% year-over-year increment.
With a population of 15,200 and a growth rate of 2.7%, Anzac’s demographic trends indicate a growing community that could further fuel housing demand. The current conditions suggest that both segments of the housing market—houses and apartments—are in a phase of expansion but with houses showing a more robust increase in value.
Investment Opportunities and Potential
The investment potential in Anzac’s real estate market appears promising given the current trends. The steady growth in median house prices signals strong investment opportunities, particularly in the single-family home sector. A 4% appreciation rate for houses indicates resilience and potential for capital gains over time.
Apartments offer an alternative investment opportunity with a more modest appreciation rate of 1.5%. This market segment might appeal to investors looking for lower entry points into real estate or those seeking to cater to individuals or small families who prefer apartment living. Moreover, the population growth supports the potential need for diverse housing options, which could benefit multi-family unit investors.
Future Market Outlook
The future outlook for Anzac’s real estate market remains positive based on current indicators. Population growth is expected to continue driving demand for housing in both the private home and apartment sectors. Assuming no significant changes in economic conditions or external shocks, both segments should maintain their appreciation trajectory.
The more substantial year-over-year increase in house prices could indicate that single-family homes will continue to be a strong performer, especially if the population growth consists mainly of families looking for more spacious accommodations. However, investors should remain aware of broader economic factors such as interest rates and employment levels that could affect overall market performance.
In conclusion, Anzac presents an attractive market with room for growth and investment opportunities across different housing types. Continued monitoring of demographic and economic indicators will be crucial to making informed investment decisions in this dynamic Alberta community.
