Bearspaw, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $450,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $850,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $450,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,600 |
| Population Density (per km²) | 1.8 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bearspaw, Alberta is currently experiencing steady growth. With a median house price of $950,000 and an annual increase of 4.2%, the market is demonstrating resilience and a positive trend. The median apartment price stands at $450,000, having seen a more modest year-over-year growth of 1.8%. This suggests that while the luxury home segment is thriving, the market for more affordable housing options like apartments is also stable but with less pronounced growth.
The population of Bearspaw has reached 16,000 residents, with a healthy population growth rate of 3.2%. This demographic expansion is indicative of an attractive community that appeals to new residents, which in turn supports demand for housing in the area.
Investment Opportunities and Potential
Investors considering Bearspaw will find potential in both the single-family home sector and the apartment market. The consistent rise in property values, particularly in houses, suggests room for capital appreciation over time. A median house price well below the $1 million mark combined with the current growth rate makes this an opportune time to invest before prices potentially escalate further.
The slower growth in apartment prices may appeal to investors looking for more affordable entry points into the market or those interested in rental properties to cater to segments of the population seeking less expensive living options. Bearspaw’s growing population is likely to sustain demand for diverse types of housing, indicating a balanced investment landscape.
Future Market Outlook
Looking forward, Bearspaw’s real estate market appears poised for continued positive performance. The robust population growth serves as a strong foundation for sustained demand in housing. As long as economic conditions within Alberta remain favorable and the attractiveness of Bearspaw as a residential community persists, we can anticipate ongoing interest from buyers and renters alike.
However, investors should be mindful of broader economic trends such as employment rates, interest rates, and provincial policies that could influence market dynamics. Vigilance regarding these factors will be key to making informed investment decisions in Bearspaw’s real estate market going forward.
