Colinton, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $498,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $498,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,700 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Colinton, Alberta is currently characterized by steady growth. With a median house price of $498,000, the market has seen a respectable year-over-year increase of 4.2%. This indicates a healthy demand for housing in the area, which is likely driven by the locale’s amenities and lifestyle offerings. The median apartment price stands at $295,000, with a slower yet consistent year-over-year growth of 1.9%. This suggests that while apartments are appreciating, the demand for single-family homes may be driving the market’s energy.
Investment Opportunities and Potential
The investment landscape in Colinton appears promising. Given the solid growth rates in both housing and apartment sectors, investors could potentially benefit from capital gains over time. The population of Colinton has grown by 2.04%, which may not seem significant but does reflect a steady increase in potential renters or buyers. For investors looking to enter the rental market, the rising population combined with an appreciation rate that outpaces inflation could provide a sustainable income stream and property value appreciation.
Future Market Outlook
The future market outlook for Colinton’s real estate sector remains optimistic. Assuming the current trends continue, the combination of modest population growth and consistent property value increases suggest that Colinton will maintain its trajectory as an attractive place for both living and investing. However, as with any market forecast, it is important to monitor economic indicators such as employment rates, local economic developments, and interest rate changes that could influence these trends.
