Belmont, 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 in Belmont, Alberta
In Belmont, Alberta, the real estate market has been demonstrating consistent growth with the median house price currently standing at $500,000. This reflects a positive trend with an increase of 3.5% year-over-year. Such steady appreciation indicates a healthy demand for housing in the area. Similarly, the median apartment price is observed at $300,000, which has risen by 2.1% from the previous year. This more modest growth rate suggests that while apartments are gaining value, the demand for detached homes may be driving the market more significantly.
The population of Belmont is 15,000 and has seen a substantial growth of 7.1%. This demographic expansion contributes to increased housing demand, potentially leading to further tightening of the real estate market as more individuals and families seek residency in this community.
Investment Opportunities and Potential in Belmont
Given the current upward trends in both house and apartment prices, Belmont presents appealing investment opportunities. The robust population growth paired with steady price increases points to a continuing demand for housing, which could benefit investors looking to hold property for medium to long-term capital gains.
For those interested in rental investments, the growing population suggests that there will be a consistent or increasing demand for rental properties. Investors might consider acquiring residential properties to cater to this segment, potentially securing favorable rental yields as supply tightens with an expanding population.
Future Market Outlook for Belmont’s Real Estate
The outlook for Belmont’s real estate market appears promising. The consistent rise in property values across both houses and apartments suggests confidence in the local market’s stability and growth potential. With a significant population increase of 7.1%, it’s likely that Belmont will continue to experience strong demand for housing.
As long as economic fundamentals remain supportive—with factors such as employment rates stable or improving—Belmont’s real estate market should maintain its upward trajectory. Investors and homebuyers considering Belmont can be cautiously optimistic about the prospects for capital appreciation and investment returns over the coming years.
However, market conditions can change due to various external influences such as economic shifts, interest rate changes, and government policies affecting homeownership. Therefore, continuous monitoring of both local and broader economic indicators is essential for anyone involved in or considering entering this market.
