Barrhead, 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
Barrhead, Alberta’s real estate market reflects a stable growth pattern as evidenced by the recent data. The median house price in the area stands at $500,000, which marks a year-over-year increase of 3.5%. This moderate appreciation suggests a healthy demand for single-family homes without indications of an overheated market. Similarly, the apartment sector displays a positive trajectory with a median price set at $300,000, growing at a slightly more modest rate of 2.1% year-over-year.
The population of Barrhead has grown by 7.1%, bringing the current resident count to approximately 15,000. This growth can be attributed to both natural population increases and migration, which are likely contributing to the sustained demand for housing. The consistent increase in property values alongside population growth indicates a stable market with ongoing interest from both potential homeowners and investors.
Investment Opportunities and Potential
Given the steady climb in property values and the robust population increase, Barrhead offers promising investment opportunities. Investors looking to capitalize on this upward trend may find potential in both the residential housing and apartment sectors. With single-family homes experiencing a higher appreciation rate, investors could potentially see greater long-term capital gains in this segment.
Moreover, the influx of new residents suggests that rental properties may also be a lucrative avenue for investment. As the population continues to grow, so too might the demand for rental accommodations, making this an opportune time to consider acquiring properties with rental potential or developing new multifamily units.
Future Market Outlook
The future market outlook for Barrhead appears optimistic based on current trends and demographic indicators. If the 7.1% population growth persists or accelerates, it is likely that housing demand will continue to rise correspondingly. Assuming that economic conditions remain favorable and no major market disruptors emerge, both housing prices and rental rates are expected to maintain an upward trend.
The moderate pace of price increases in both houses and apartments suggests that there is room for further growth without significant risk of creating affordability issues or market bubbles. As such, Barrhead’s real estate market holds potential for sustained investment returns over the coming years.
Investors should also consider regional economic developments, infrastructure improvements, and policy changes which could influence future market dynamics positively or negatively. A close monitoring of these factors combined with current data-driven optimism could inform sound investment decisions in Barrhead’s growing real estate landscape.
