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 presents a dynamic environment with steady growth. The median house price in the area currently stands at $500,000, which reflects a year-over-year price increase of 3.5%. This consistent upward trend indicates a healthy demand for single-family homes in the region.
For apartments, the median price is set at $300,000, with a more modest year-over-year appreciation of 2.1%. This lower rate of growth compared to houses suggests that while there is an interest in more affordable housing options, the demand for such units is not as aggressive as for single-family homes.
The population of Belmont has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This rapid increase in residents could be due to various factors including economic opportunities, quality of life, or regional developments attracting newcomers.
Investment Opportunities and Potential
Gauging by the steady growth in housing prices and the significant population increase, Belmont offers several promising investment opportunities. Investors might consider tapping into the demand for single-family homes given the higher appreciation rate observed. As new residents continue to flow into Belmont, opportunities to develop or invest in new housing projects are likely to be met with increasing demand.
The apartment sector, with its slower growth pace, may offer a longer-term investment opportunity. Investors looking at this segment could benefit from focusing on value-add strategies that improve existing properties to elevate their appeal and competitive standing in the market.
Furthermore, as the population expands and diversifies, there may be emerging opportunities to invest in various types of real estate including commercial properties and mixed-use developments that cater to a growing community’s needs.
Future Market Outlook
The future market outlook for Belmont appears positive. Considering the robust population growth coupled with sustained increases in property values, it’s reasonable to expect that these trends will continue into the near future. However, potential investors should be attentive to broader economic conditions and local developments that could impact market dynamics.
Tracking indicators such as employment rates, infrastructure investments, and regional policies will be crucial for forecasting long-term trends accurately. Should Belmont maintain its trajectory of growth and development, it stands poised as an attractive market for both residential and commercial real estate investments well into the future.
