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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






Cadomin, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Cadomin, Alberta is currently experiencing stable growth. With a median house price of $500,000 and a year-over-year price increase of 3.5%, the market demonstrates moderate appreciation in property values. The apartment sector is also showing positive movement, with a median price of $300,000 and an annual price trend of 2.1%. These trends reflect a healthy demand for housing in the area.

The sustained growth is likely influenced by Cadomin’s population increase, which stands at a significant 7.1% growth rate. This demographic expansion suggests that the demand for housing will continue to rise as more people relocate to or are born in the area. Consequently, this influx has led to a competitive market environment where properties are steadily appreciating in value.

Investment Opportunities and Potential

Cadomin presents attractive investment opportunities due to its steady market performance and demographic trends. Investors might find potential in both the single-family home sector and the apartment market given their respective appreciation rates. Single-family homes appear to have higher capital gains potential, while apartments may offer more accessible entry points into the property market for investors.

With a growing population, there is likely an increasing need for rental accommodations, making buy-to-let investments particularly appealing. Additionally, given that the overall market is not overheated — indicated by the moderate but consistent appreciation rates — investors could potentially enter the market at reasonable price points with expectations of continued growth.

Future Market Outlook

The future outlook for Cadomin’s real estate market remains optimistic. Population growth at a rate of 7.1%, which surpasses many other regions, will likely underpin ongoing demand for housing. As long as this demographic trend continues, one can anticipate sustained interest in both purchasing and renting properties within the area.

In light of current market trajectories — with houses seeing a 3.5% increase and apartments at 2.1% — we can expect these segments to maintain similar growth patterns in the near term. However, it is crucial for investors and stakeholders to monitor economic factors that could impact these trends, such as employment rates, infrastructure developments, and changes in interest rates.

Careful consideration of local and national economic indicators should inform investment strategies to capitalize on Cadomin’s real estate potential while mitigating risks associated with market fluctuations.