
Curious about Chestermere’s real estate market? Here’s an exclusive update from local real estate professionals SGG Real Estate Group.
According to Gary Banipal, a representative from SGG, the Chestermere market has experienced a significant surge in demand since the beginning of 2021. The city struggled to attract interest in 2019, but a notable shift occurred as out-of-town and out-of-province buyers, particularly from British Columbia and Ontario, discovered the city’s charms. Gary emphasizes that word of mouth played a crucial role, with new residents praising Chestermere’s great amenities and overall sense of community.
The architectural landscape of Chestermere has evolved, with larger lots being a historical draw. However, Gary notes that recent developments have introduced more townhouses and apartments, catering to diverse preferences. As areas like Dawson, Chelsea, Waterford and many more reach completion, the city anticipates a substantial increase in its population. “We are expecting like once it’s fully built out, I believe our population is around 25,000 here. We’re expecting 55,000 by the end of it,” said Gary.
While the rental market in Chestermere was once dominated by property owners, the influx of out-of-province investors has contributed to a shift. “In terms of rentals, we’re still short, even if our prices are actually higher than Calgary. We suggest you get a townhouse in Chestermere in terms of rent because of the amenities here, and you know people love the lake,” said Gary.
“You know, businesses are coming here. And with the population growth, I think that’s a very positive thing for those businesses. So, a lot of entrepreneurs, especially medical, are very aggressive about finding a space here,” said Gary. Chestermere continues to evolve, attracting a diverse range of residents and witnessing positive changes in its real estate landscape.