Calmar, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Calmar, Alberta
In Calmar, Alberta, the real estate market is experiencing steady growth. The median house price currently stands at $485,000, marking a 3% increase year-over-year. This consistent upward trend indicates a healthy demand for single-family homes within the region. Meanwhile, the median apartment price rests at $295,000 with a slightly lower growth rate of 2% year-over-year. The more modest increase in apartment prices suggests a market that is accessible to first-time homebuyers and investors looking for affordable entry points into real estate.
With a population of 15,000 that has grown by 3.4%, Calmar is on a positive trajectory in terms of demographic expansion. This growth bodes well for the real estate market as it often correlates with increased demand for housing. An expanding population typically leads to diversified housing needs, supporting both the rental and purchase markets.
Investment Opportunities and Potential in Calmar, Alberta
The investment climate in Calmar appears promising due to several factors. The steady growth in property values hints at stable returns for long-term investors. Single-family homes show particularly good potential with their higher growth rate compared to apartments. This suggests that investing in houses could yield better appreciation over time.
Apartments are also an attractive option given their affordability and lower price point compared to houses. They offer an excellent opportunity for investors aiming to cater to first-time buyers or the rental market, particularly considering the ongoing population growth which may drive demand for rental properties as new residents seek accommodation.
Future Market Outlook for Calmar, Alberta
The future market outlook for Calmar is optimistic based on current trends and data. The steady increase in housing prices indicates ongoing interest and confidence in the local real estate market. Continued population growth should sustain this demand, potentially pushing property values higher over time.
As long as economic conditions remain favorable and the local job market supports the population’s ability to purchase homes, we can expect sustained positive momentum in Calmar’s real estate sector. Investors should monitor both macroeconomic indicators and local developments closely to make informed decisions about entering or adjusting their positions within this market.
In summary, Calmar presents a healthy and growing real estate market with opportunities for both homebuyers and investors alike. With careful consideration of broader economic trends and local factors driving growth, stakeholders can capitalize on this positive outlook.
