Boyle, 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
As of the latest data, Boyle, Alberta’s real estate market is experiencing a period of moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a stable market with consistent growth in property values. Similarly, the median apartment price is currently $300,000, with a slightly lower year-over-year growth rate of 2.1%. The population of Boyle is approximately 15,000 residents, which has grown by 7.1%. This significant population growth suggests an increased demand for housing and could be a driver for future appreciation in real estate values.
Investment Opportunities and Potential
The current trends in Boyle’s real estate market suggest that there are investment opportunities to be had, particularly in residential properties. The steady increase in median house prices may appeal to investors looking for capital gains over the long term. With apartments experiencing a lower growth rate compared to houses, they could represent an opportunity for investors seeking more affordable entry points into the market. Additionally, the robust population growth implies potential for rental investments as well, as more people may seek housing in the area.
Future Market Outlook
The future outlook for Boyle’s real estate market appears positive. The consistent growth in property values alongside strong population increases indicates a healthy demand that may continue to drive the market forward. Assuming no significant economic disruptions occur, Boyle’s real estate market could maintain its current trajectory of moderate but steady growth. Investors and homeowners should consider both the current trends and local economic factors when making decisions about entering or exiting this market.
