Wainwright, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $500,000 |
Monthly growth | 1.2% |
Quarterly trend | 3.5% |
Stock on market | 0.8% |
Apartment
Median price | $300,000 |
Monthly growth | 0.9% |
Quarterly trend | 2.1% |
Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $400,000 |
3 bedrooms | $500,000 |
4 bedrooms | $600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $250,000 |
2 bedrooms | $350,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,000 |
Population Change | 7.1% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,500 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Wainwright, Alberta is currently experiencing a period of steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy upward trend in property values for single-family homes, which could be attributed to a combination of factors including local economic development and a strong demand for housing in this region.
In contrast, the apartment sector shows a more modest growth rate. The median apartment price is currently $300,000, with an annual appreciation of 2.1%. This difference in growth rates between houses and apartments may reflect a stronger preference for detached housing in Wainwright or possibly different dynamics in supply and demand within the apartment market.
Investment Opportunities and Potential
The positive trends in house prices combined with the town’s increasing population growth of 7.1% suggest that there are substantial investment opportunities in Wainwright’s real estate market. Investors looking to capitalize on property appreciation should consider the single-family home segment where the growth rate is more pronounced.
The steady increase in apartment prices also presents potential for those interested in the rental market or more affordable entry points into property investment. Given the population expansion, demand for rental units is likely to rise, potentially leading to increased rental yields over time.
Moving beyond residential properties, investors might also explore commercial real estate opportunities that cater to the growing community—such as retail spaces, offices, or service-oriented businesses—to diversify their portfolios.
Future Market Outlook
The future of Wainwright’s real estate market looks optimistic. With an expanding population base—a clear indicator of future demand—the town’s housing market is poised for continued growth. Assuming that current economic conditions persist and no major disruptive events occur, the median house price can be expected to follow its upward trajectory, while apartment prices should maintain a stable but gradual increase.
As Wainwright continues to develop and attract new residents, both demand and prices are likely to be supported. However, potential investors and homeowners should keep an eye on regional economic indicators and infrastructure developments as these factors can significantly impact future real estate values.
An important consideration for long-term outlook is also the balance between supply and demand. Should there be significant new construction or changes in housing policy, this could alter price dynamics. Monitoring local real estate developments will therefore be key for making informed investment decisions moving forward.