October 2011 Real Estate Information

October 2011 statistics for the City Medicine Hat showed the average residential sale price was $ $260,713. Year to date for 2011 showed an average sale price of $250,921. Vacancy rates were 9.4 % for fall 2011. The provincial average rent for fall 2011
all apartment types in Medicine Hat was $663 monthly which was the lowest average rent among all urban centres in Alberta. The lowest average rent across urban centres for a two bedroom apartment was in Medicine Hat at $698 per month, up from $691 in October 2010. As of November 2011 there are currently 706 active residential listings which is down from the month of October 2011 which had 810 active residential listings. Single family and multi-family housing starts were down 52% year to date as of June 2010.

(Information provided by Alberta Real Estate Association, CHMC )