Pembina, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $295,000 |
Monthly growth | 1.0% |
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 | $320,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,500 |
Population Change | 4.8% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,600 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Pembina, Alberta, the real estate market is currently exhibiting stable growth. With a median house price of $485,000 and a year-over-year increase of 4%, the market is showing signs of healthy demand. Similarly, the median apartment price stands at $295,000, experiencing a slightly lower growth rate of 2.5% year-over-year. This indicates a sustained but more moderate interest in multi-family dwellings compared to single-family homes. The region’s population has seen a significant rise with a growth rate of 4.8%, suggesting an increasing demand for housing driven by demographic factors.
Investment Opportunities and Potential
The steady growth in property values alongside population increases signals promising investment opportunities in Pembina. For investors looking to engage with the single-family home market, the solid annual appreciation suggests potential for capital gains over time. As the population continues to expand, rental properties may also become increasingly desirable, offering investors the possibility of generating consistent rental income from both houses and apartments.
Future Market Outlook
The future market outlook for Pembina remains optimistic based on current trends and data. The continuous population growth paired with consistent property value appreciation indicates that the demand for housing will likely persist. Assuming no major economic disruptions occur, investors can reasonably expect a continuation of the current trend lines into the foreseeable future. However, as all markets are subject to fluctuation due to various economic and regulatory factors, ongoing monitoring of local and national trends is recommended for those invested or considering investment in the region’s real estate.