Tinchebray, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 2.9% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| 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 Tinchebray, Alberta currently exhibits stable growth. The median house price stands at $485,000, reflecting a year-over-year increase of 2.9%. This consistent upward trend indicates healthy demand and a competitive market environment. Similarly, apartments are following an upward trajectory with the median price at $295,000 and a slightly lower growth rate of 2.5% year-over-year.
The population of Tinchebray has reached 15,500 residents with a robust growth rate of 3.3%. This demographic expansion is contributing to the sustained demand for housing in the area. Current trends suggest that both the house and apartment markets are maintaining a steady pace, which is likely being driven by the increasing population and subsequent housing demand.
Investment Opportunities and Potential
Tinchebray’s real estate market presents various investment opportunities with potential for appreciable returns. The stable increase in property values coupled with ongoing population growth suggests that demand for housing will persist. Investors looking to enter the market may find long-term capital gains in purchasing single-family homes or apartments, especially considering the current growth rates.
The continuous population increase also hints at potential for rental investments to yield positive cash flow due to heightened demand for rental units. Furthermore, as new residents move into the area seeking employment or lifestyle changes, there may be opportunities for developing new residential projects or renovating existing properties to cater to modern living standards.
Future Market Outlook
The future outlook of Tinchebray’s real estate market appears promising. Assuming no significant economic disruptions, the steady price growth in housing is expected to continue mirroring the positive population trends. This demographic momentum should support both resale values and rental market strength.
In light of these factors, we anticipate that investment in Tinchebray’s real estate will remain an attractive option with moderate risk and potential for consistent growth over the medium to long term. Stakeholders are advised to monitor economic indicators closely as they can influence consumer confidence and interest rates, potentially impacting property values and investment viability.
