Brant, 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, Brant, Alberta’s real estate market is witnessing moderate growth. The median house price in the region stands at $500,000, with a year-over-year increase of 3.5%. This indicates a steady upward trend in property values, reflecting healthy demand in the housing sector. Similarly, apartments are also experiencing growth with a median price set at $300,000 and a 2.1% year-over-year price increase.
The population of Brant has been on the rise with a robust growth rate of 7.1%, which is substantially higher than many other regions. This influx of residents is likely contributing to the increased demand for housing and helps explain the consistent appreciation in property values.
Investment Opportunities and Potential
Given the current growth trends, Brant offers promising investment opportunities for both residential properties and rental units. The steady increase in median house and apartment prices suggests that investments in real estate could yield solid returns over time. Additionally, with population numbers on the rise, there is potential for increased rental demand.
Investors should consider both long-term capital gains from property value increases and the potential for rental income. Brant’s growing population may lead to a shortage of available housing if new construction does not keep pace with demand, possibly resulting in higher rents and reduced vacancy rates.
Future Market Outlook
The future market outlook for Brant looks optimistic based on current trends and statistics. Population growth remains a strong driver for housing demand and will likely continue to support property value appreciation. Assuming no major economic disruptions occur, the real estate market in Brant is expected to maintain its upward trajectory.
However, potential investors should monitor local economic developments, interest rate changes, and construction rates closely. These factors can significantly impact market dynamics and alter the current trend pattern.
In summary, Brant presents as a stable market with potential for both short-term income through rentals and long-term capital gains through property appreciation. Careful consideration of market timing and economic indicators will be key to successful real estate investment in this region.