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Slave Lake, AB

Updated: Aug 2016
House
Median price $379,450
Monthly growth -7.22 %
Quarterly trend
Stock on market 3.52%
Apartment
Median price $252,450
Monthly growth -9.82 %
Quarterly trend
Stock on market 0.39%

Slave Lake Home Price

Across the country as a whole, Slave Lake is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

While the median for Alberta is $375,000 , which means that Slave Lake’s median price is $379,450 considerably better than the rest of the province.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.

There are 339 neighbourhoods that have more properties on sale than Slave Lake at the moment in Alberta which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

Can we guarantee how well Slave Lake is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.

With a median listing price of $252,450, Slave Lake is Canada’s 347th most expensive when ordered by median listing price.

The median house price listed in Slave Lake this month is $252,450.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Slave Lake has more than the average number to choose from compared to the rest of the province

Will prices rise across the next year in in Slave Lake? There are a number of real estate indicators to consider.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Slave Lake there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

Find a mortgage broker in Slave Lake, AB
Beds Median price (House) Median price (Apartment)
2 bedrooms $270,000 $180,000
3 bedrooms $334,950 $359,900
4 bedrooms $394,900 $262,400
5 bedrooms $524,900
6 bedrooms $599,900
Demographics
  • Population in 20116782
  • Population in 20066703
  • 2006 to 2011 population change (%)1.2
  • Total private dwellings2554
  • Private dwellings occupied by usual residents2294
  • Population density per square kilometre478.4
  • Land area (square km)14.18

Age Characteristics

Total population by age groups 6785
0 to 4 years 595
5 to 9 years 485
10 to 14 years 495
15 to 19 years 570
15 years 105
16 years 95
17 years 130
18 years 125
19 years 115
20 to 24 years 575
25 to 29 years 580
30 to 34 years 605
35 to 39 years 510
40 to 44 years 470
45 to 49 years 520
50 to 54 years 450
55 to 59 years 340
60 to 64 years 260
65 to 69 years 120
70 to 74 years 80
75 to 79 years 65
80 to 84 years 35
85 years and over 25
Median age of the population 30.8
% of the population aged 15 and over 76.7

Marital Status

Total population 15 years and over by marital status 5205
Married or living with a common-law partner 3160
Married (and not separated) 2330
Living common-law 825
Not married and not living with a common-law partner 2045
Single (never legally married) 1555
Separated 110
Divorced 235
Widowed 150

Family Characteristics

Total number of census families in private households 1845
Size of census family: 2 persons 780
Size of census family: 3 persons 465
Size of census family: 4 persons 390
Size of census family: 5 or more persons 210
Total number of census families in private households 1850
Total couple families by family structure and number of children 1535
Married couples 1120
Without children at home 425
With children at home 700
1 child 250
2 children 290
3 or more children 160
Common-law couples 410
Without children at home 190
With children at home 225
1 child 110
2 children 70
3 or more children 45
Total lone-parent families by sex of parent and number of children 310
Female parent 240
1 child 125
2 children 80
3 or more children 40
Male parent 70
1 child 45
2 children 20
3 or more children 5
Total children in census families in private households 2290
Under six years of age 690
6 to 14 years 850
15 to 17 years 305
18 to 24 years 330
25 years and over 120
Average number of children at home per census family 1.2

Household And Dwelling Characteristics

Total number of persons in private households 6725
Number of persons not in census families 1050
Living with relatives 225
Living with non-relatives only 440
Living alone 380
Number of census family persons 5675
Average number of persons per census family 3.1
Total number of persons 65 years and over in private households 285
Number of persons not in census families aged 65 years and over 95
Living with relatives 10
Living with non-relatives only 5
Living alone 75
Number of census family persons aged 65 years and over 195
Total number of private households by household type 2290
Census-family households 1780
One-family-only households 1495
Couple-family households 1285
Without children 485
With children 800
Lone-parent-family households 210
Other family households 280
One-family households with persons not in a census family 215
Couple-family households 155
Without children 70
With children 85
Lone-parent-family households 60
Two-or-more-family households 65
Non-census-family households 515
One-person households 380
Two-or-more-person households 130
Total number of occupied private dwellings by structural type of dwelling 2295
Single-detached house 1305
Apartment, building that has five or more storeys 0
Movable dwelling 430
Other dwelling 560
Semi-detached house 95
Row house 165
Apartment, duplex 30
Apartment, building that has fewer than five storeys 270
Other single-attached house 0
Total number of private households by household size 2295
1 person 380
2 persons 680
3 persons 465
4 persons 445
5 persons 195
6 or more persons 130
Number of persons in private households 6725
Average number of persons in private households 2.9

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