Burnside, 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 | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.5% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
In Burnside, Alberta, the real estate market is currently experiencing steady growth. With a median house price of $500,000 and an annual growth rate of 3.5%, the market is demonstrating resilience and a positive trend upwards. Similarly, apartments are following an upward trajectory with a median price of $300,000 and witnessing a slightly more modest year-over-year increase of 2.1%. This indicates a healthy demand for both houses and apartments in the area.
The population of Burnside stands at 15,000 and has seen significant growth at a rate of 3.45% per annum. This increase in population is likely contributing to the demand for housing and helping to propel the real estate market forward.
2. Investment Opportunities and Potential
Given the current trends, Burnside presents itself as an attractive location for real estate investment. The steady appreciation in property values offers potential for capital gains over time. Houses show particularly strong growth at 3.5% per year, which could appeal to investors looking for more substantial investments with potentially higher returns.
Apartments, with their lower median price point and growth rate, might be appealing to first-time investors or those seeking a more affordable entry into the real estate market. Their consistent appreciation suggests that there is ongoing demand for such properties, especially among smaller households or renters transitioning to ownership.
Investors should also consider the growing population as a sign of potential rental market opportunities. With more people moving to Burnside, there may be increased demand for rental properties, which could provide steady cash flow and lower vacancy rates for landlords.
3. Future Market Outlook
The future outlook for Burnside’s real estate market remains positive based on current data trends and demographic indicators. Population growth is expected to continue driving demand for housing in both the purchase and rental markets. As long as this trend persists, the real estate market should maintain its upward momentum.
The sustained growth in property values indicates that Burnside is likely to remain an appealing destination for homebuyers and investors alike. However, it’s important to note that external factors such as economic changes, interest rates, and government policies can impact this outlook.
Investors considering entering the Burnside real estate market should stay informed on local economic developments and broader national trends that could influence property values in the future.
