Warner, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| 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 | $400,000 |
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) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Warner, Alberta
The real estate market in Warner, Alberta is experiencing stable growth, reflected by the modest but consistent increase in property values. The median house price currently stands at $485,000, marking a 3% year-over-year increase. This suggests a healthy demand for single-family homes in the area, which may be attributed to local economic factors and demographic trends.
Similarly, apartments have seen a price rise, though more modest, with the median apartment price reaching $295,000, following a 1.9% year-over-year trend. This slower growth rate compared to houses indicates that while there is demand for multi-family units, it does not outstrip that of single-family homes at present.
The population of Warner has grown to 15,500, with an annual growth rate of 3.3%. This steady population increase is likely driving the housing demand and can be seen as a contributing factor to the overall market stability and health.
Investment Opportunities and Potential in Warner, Alberta
The consistent growth in both population and property values presents attractive investment opportunities in Warner. The ongoing upward trend in house prices suggests that investing in residential properties could yield positive returns over time. Given the current market conditions, investors might find particular value in pursuing rental properties or looking into new residential developments to cater to the growing population.
The slower growth rate in apartment prices compared to houses may indicate a potential underserved market or a lag that could catch up as the region continues to develop. As such, multi-family units could represent a strategic long-term investment opportunity as they might appeal to smaller households or those seeking more affordable housing options within Warner.
Future Market Outlook for Warner, Alberta
The future real estate market outlook for Warner appears cautiously optimistic. With an ongoing population growth rate of 3.3%, demand for housing is expected to remain robust. This demographic trend should continue supporting both house and apartment markets.
If current trends persist, we can anticipate continued gradual increases in property values over the coming years. However, potential investors and homeowners should closely monitor local economic developments and national policy changes that could impact mortgage rates, property taxes, or construction costs—factors that could either bolster or dampen the current growth trajectory.
In summary, Warner’s real estate market is currently experiencing steady growth with promising investment opportunities—especially for those considering long-term horizons—and maintains a positive outlook contingent on broader economic stability.
