Parkland, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,505.0 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Parkland, Alberta, currently shows a steady growth pattern. The median house price in the area is $515,000, which indicates a year-over-year increase of 4.2%. This consistent rise suggests a healthy demand for single-family homes and a stable economic environment that supports real estate appreciation.
Similarly, the median apartment price stands at $310,000, with a more modest year-over-year growth of 2.5%. This slower pace in the apartment sector may reflect a market that is slightly more favorable to buyers seeking this type of property. Nevertheless, it still points to an upward trend.
The population of Parkland has reached approximately 15,500 residents, with a robust growth rate of 3.3%. The influx of new residents is likely to continue contributing to the demand for housing and supporting the market’s overall stability and growth.
2. Investment Opportunities and Potential
The current trajectory of Parkland’s real estate market reveals several promising opportunities for investors. The steady increase in property values, coupled with the growing population, represents potential for both short-term gains through flipping or rental income and long-term capital appreciation.
The stronger growth seen in house prices compared to apartments may indicate that single-family homes are currently more attractive investment vehicles. However, apartments should not be overlooked as they offer lower entry points into the market and appeal to demographics such as young professionals or smaller households.
Investors should consider Parkland’s economic landscape, including employment rates and sectors driving growth when evaluating investment opportunities. Diversifying investments between houses and apartments could mitigate risks while capitalizing on different segments within the market.
3. Future Market Outlook
The future outlook for Parkland’s real estate market remains positive. The sustained population increase suggests that demand for housing will persist. Assuming current trends continue, we can expect further gradual appreciation in property values across both houses and apartments.
However, potential investors and homeowners should remain cognizant of broader economic conditions that may affect interest rates, employment stability, and overall affordability—factors that can influence buyer sentiment and impact the market dynamics.
In conclusion, while no market is without risk, Parkland presents an appealing profile for those looking to invest in real estate. With mindful consideration of economic indicators and vigilant monitoring of market conditions, stakeholders can make informed decisions to leverage opportunities within this growing Alberta community.
