Cadomin, 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 available, Cadomin’s real estate market is characterized by a steady increase in property values. The median house price in the region sits at $500,000, marking a 3.5% growth year-over-year. This consistent appreciation trend suggests that the market is experiencing healthy demand which is propelling prices upward at a sustainable pace.
In contrast, the apartment sector is witnessing a slightly more modest growth pattern. The median apartment price is currently pegged at $300,000, with an annual appreciation trend of 2.1%. This difference in growth rates between houses and apartments may reflect a more significant demand for single-family homes or could indicate a saturation point for apartment prices in the area.
The population of Cadomin has reached 15,000 residents, showcasing a robust population growth rate of 7.1%. A growing population typically leads to increased housing demand, further supporting the positive trends observed in property values.
Investment Opportunities and Potential
Given the sustained increase in property values and strong population growth, Cadomin presents attractive investment opportunities for both residential and rental markets. Single-family homes are particularly promising due to their higher appreciation rates, which could offer investors substantial capital gains over time.
Apartments also present potential for investors seeking more affordable entry points into the real estate market or those looking to cater to segments preferring smaller living spaces. With the continuous population influx, rental demand is likely to rise, potentially driving up rental yields and ensuring good occupancy rates for landlords.
Future Market Outlook
The future outlook for Cadomin’s real estate market remains optimistic. Population growth is poised to maintain upward pressure on housing demand, which should support ongoing property value appreciation. Assuming economic conditions remain stable locally and nationally, both the housing and apartment markets are expected to continue their gradual growth trajectory.
Investors should monitor local developments closely, such as infrastructure projects or economic initiatives that could further bolster the attractiveness of Cadomin’s real estate market. Additionally, broader national economic trends and interest rate movements will also play pivotal roles in shaping future market conditions.
