Lousana, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.0% |
| 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
The real estate market in Lousana, Alberta, currently presents a steady growth trend. With a median house price of $485,000 and a year-over-year increase of 4%, the market is showing healthy progression. This growth rate suggests a stable demand for housing in the area. Similarly, the apartment sector is experiencing growth, albeit at a more modest rate of 1.5% year-over-year, with the median apartment price standing at $295,000.
The population of Lousana has been on the rise with a 2% growth rate, indicating an increasing need for residential properties. This demographic trend is likely to continue supporting the real estate market’s stability and growth potential in both the housing and apartment sectors.
Investment Opportunities and Potential
For investors looking at Lousana’s real estate market, there are promising opportunities particularly in residential properties. The steady increase in median house prices points to a robust resale value potential for single-family homes. Moreover, given that the apartment prices are also appreciating, albeit slower than houses, investing in multi-family dwellings could be profitable for those interested in rental income streams.
The consistent population growth provides a foundation for sustained demand that should interest investors seeking long-term capital appreciation and rental yields. Furthermore, as the town continues to grow and attract new residents, there could be opportunities for development projects to meet the housing needs of this increasing population.
Future Market Outlook
The future outlook for Lousana’s real estate market appears positive. The ongoing population growth is expected to persistently fuel demand for housing. If current economic conditions hold and no significant changes occur in mortgage rates or government housing policies, it is reasonable to anticipate a continuation of the gradual price appreciation trends observed over recent years.
However, it is important for stakeholders to monitor external economic factors that could impact local market dynamics including employment rates within Lousana and broader regional economic trends. As long as these factors remain favorable, Lousana’s real estate market could represent a reliable option for both homeowners looking to reside in an expanding community and investors seeking steady growth potential.
