Belair, Manitoba 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
In Belair, Manitoba, the real estate market is exhibiting a steady increase in property values. The median house price has reached $500,000, with a year-over-year growth of 3.5%. This growth rate suggests a stable and attractive market for homeowners and investors alike. Similarly, the median apartment price stands at $300,000, following a more modest year-over-year trend of 2.1%. These statistics indicate a balanced appreciation across different types of residential properties.
The area’s population of 15,000 has risen by 7.1%, reflecting positive demographic trends likely contributing to the demand for housing. The consistent population growth is an indicator of an expanding local economy and potentially increased demand for real estate.
Investment Opportunities and Potential
The current trajectory of property value increases presents numerous opportunities for real estate investment in Belair. Detached homes offer solid appreciation potential given the higher growth rate observed in this segment. The less pronounced yet steady rise in apartment prices could appeal to investors seeking more affordable entry points into the market or diversification of their investment portfolios.
With the ongoing population growth, rental properties may also see heightened demand, suggesting that both long-term rental strategies and developments aimed at accommodating new residents could prove lucrative.
Future Market Outlook
The future market outlook for Belair remains optimistic. Considering the robust population increase and sustained property value appreciation, it seems likely that these trends will continue in the near term. The stable growth pattern indicates a healthy market rather than one influenced by speculative bubbles or unsustainable economic factors.
If current conditions persist, we can anticipate continued interest from both homebuyers and investors in Belair’s real estate sector, which should support ongoing property value appreciation and contribute positively to overall market vitality.
