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 | 0.8% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,050 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.8% |
| 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 Champion, Alberta
In Champion, Alberta, the real estate market has been experiencing steady growth. The median house price stands at $485,000, marking a year-over-year increase of 3%. This trend suggests a stable market with moderate appreciation in property values. Similarly, apartments are following an upward trend, with the median price at $290,000 and a 2.5% increase from the previous year.
The population of Champion has grown by 3.8% to reach 15,050 residents. This population growth is likely contributing to the increased demand for housing and could be one of the driving forces behind the steady price escalation.
Investment Opportunities and Potential in Champion, Alberta
The consistent growth in property values indicates a healthy investment environment for potential real estate investors in Champion. Given the trends, investing in residential properties could yield positive returns due to the combination of capital appreciation and potential rental income. Single-family homes, given their higher median price point, may offer more significant long-term growth potential.
Apartments present a more accessible entry point for investors at a median price of $290,000 and still boast a respectable annual appreciation rate of 2.5%. These properties could be particularly appealing for those looking to invest in rental units, especially as the region’s population continues to rise.
Future Market Outlook for Champion, Alberta
Looking ahead, Champion’s real estate market appears poised for continued growth. The consistent increase in housing prices coupled with ongoing population growth suggests that demand for residential properties will remain robust. If these trends continue along with economic stability within the region, both housing and apartment prices may see sustained increases.
Investors should monitor local developments closely, including infrastructure projects and employment rates, as these factors can further influence the market dynamics. Overall, Champion presents an attractive market for both short-term investors seeking rental yields and long-term investors focused on capital gains.
