Gainford, 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
Current Market Conditions and Trends
In Gainford, Alberta, the real estate market is currently experiencing a stable growth. The median house price stands at $500,000, which has seen a year-over-year increase of 3.5%. This increment is indicative of a healthy demand for single-family homes in the area. On the other hand, the median apartment price is $300,000, with a slower growth rate of 2.1% year-over-year. The distinction in growth rates between houses and apartments may suggest a stronger preference or demand for detached housing in the region.
The population of Gainford has reached approximately 15,000 inhabitants, with an impressive population growth rate of 7.1%. This rapid growth can be attributed to factors such as employment opportunities, quality of life, and affordability compared to larger urban centers. The influx of new residents is likely contributing to the steady appreciation in housing prices due to increased demand.
Investment Opportunities and Potential
The current real estate trends in Gainford present attractive investment opportunities. The continuous population growth paired with consistent property value appreciation signals potential for both short-term gains through property flipping and long-term investments via rental properties. Single-family homes appear to be particularly promising investments given their higher appreciation rate.
Investors targeting the apartment sector can also find opportunities despite the slower appreciation rate. The increasing population might lead to greater demand for more affordable and smaller-scale living spaces in the future, potentially boosting the apartment market segment.
Future Market Outlook
The outlook for Gainford’s real estate market remains optimistic. As long as the area continues to attract new residents at a comparable or higher rate, the demand for housing should remain robust. If current economic conditions persist—such as low-interest rates and regional economic stability—the market can expect sustained growth.
The positive trend in property values across both houses and apartments indicates that Gainford’s real estate market is unlikely to experience any significant downturns in the near future barring unforeseen circumstances. However, investors should remain vigilant of any changes in local economic conditions or housing policies that could affect market dynamics.
In summary, Gainford presents itself as a promising locale for real estate investment with its growing population and steady property value appreciation trends. Prospective buyers and investors should consider acting while market conditions are favorable.
