Belmont, 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
The real estate market in Belmont, Manitoba, has been exhibiting steady growth with the median house price currently standing at CAD $500,000, marking a healthy year-over-year increase of 3.5%. The market for apartments is also on an upward trajectory, with the median price at CAD $300,000 and a slightly more modest annual growth rate of 2.1%. These figures are indicative of a stable and growing real estate environment.
The population of Belmont has risen to 15,000 residents, reflecting a significant growth rate of 7.1%. This demographic expansion is a key driver of housing demand and suggests that the market is likely to remain buoyant as more people seek accommodation in the area. The consistent growth in housing prices points to robust market conditions that have remained resilient despite broader economic fluctuations.
Investment Opportunities and Potential
Given the steady increase in property values and sustained population growth, Belmont presents promising investment opportunities. The escalating prices suggest that purchasing real estate in this market could lead to appreciable capital gains over time. For investors looking for long-term growth, single-family homes represent a potentially lucrative avenue as evidenced by the higher percentage increase in median house prices compared to apartments.
The rental market may also offer attractive yields given the influx of new residents. Investments in apartment complexes could meet the demand from individuals or small families seeking affordable housing options in Belmont’s burgeoning community.
Future Market Outlook
The future real estate market outlook for Belmont appears optimistic. Assuming current trends persist, continued population growth should support ongoing demand for housing. Furthermore, the steady pace of price increases creates an environment that could provide investors with confidence regarding the stability and potential for future appreciation in property values.
However, prospective investors should also consider broader economic indicators and regional developments that might impact the real estate sector. Vigilance regarding infrastructure projects, employment rates, and local industry performance is advisable to anticipate any shifts that could affect the market dynamics in Belmont.
