Champion, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,000 |
| Population Change | 5.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
Champion, Alberta’s real estate market is currently experiencing steady growth, a trend mirrored by the moderate rise in property values. The median house price stands at $485,000, reflecting a year-over-year increase of 3%. This indicates a healthy market that is growing at a sustainable rate. Similarly, the median apartment price has seen a growth of 1.8% year-over-year, with current figures at $295,000.
The area’s population has experienced significant growth, with an increase of 5.7%, suggesting a burgeoning demand for housing. The combination of rising property values and population growth indicates a dynamic market that is attracting interest from both residents and investors alike.
Investment Opportunities and Potential
The current trajectory of Champion’s real estate market presents promising investment opportunities. The consistent appreciation in property values, coupled with the substantial population growth, suggests that demand for housing is likely to remain strong. This environment may be particularly attractive for long-term investors seeking capital appreciation.
For those considering rental properties, the influx of new residents could translate into a robust rental market with the potential for steady rental income streams. With the town’s growing economy and increasing population, there may also be opportunities for development projects to meet the new housing demand.
Future Market Outlook
Looking ahead, Champion’s real estate market appears poised for continued growth. The town’s sustained population increase and economic expansion are likely to maintain pressure on the housing supply, potentially leading to further property value appreciation. Assuming no major economic disruptions occur, these factors combined with the current trends indicate a favorable outlook for both homeowners and investors in the short to medium term.
The ongoing development within Champion and its surrounding areas will be critical in meeting the housing needs of its growing population. Investors should monitor infrastructure developments and zoning changes as they can significantly impact local real estate dynamics.
