Boissevain, 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 Boissevain, Manitoba is currently experiencing steady growth, with the median house price sitting at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a stable and growing market that is attractive to both homeowners and investors. The apartment sector has shown a more modest growth, with the median apartment price reaching $300,000 and an annual appreciation of 2.1%.
Boissevain’s population has grown by 7.1% to reach 15,000 residents. This demographic trend is significant as it increases demand for housing in the area, potentially putting upward pressure on prices and reducing inventory levels.
Investment Opportunities and Potential
The current trends in Boissevain indicate a healthy investment potential, especially for those looking to invest in residential properties. Given the solid growth in house prices combined with a substantial population increase, there is an opportunity for investors to capitalize on both rental markets and equity gains.
With a stronger growth rate for houses compared to apartments, single-family homes may present a more attractive investment proposition over multi-family units or apartments. However, the consistent increase in apartment prices should not be overlooked, particularly for investors seeking lower entry points into the real estate market.
Future Market Outlook
The future outlook for Boissevain’s real estate market appears positive. The ongoing population growth will likely continue to drive demand for housing. If this demographic trend persists alongside economic stability, it can be anticipated that both the house and apartment markets will maintain their upward trajectory.
Cautious optimism is advised due to external factors such as interest rates, employment levels, and regional economic development which could impact market conditions. Investors are recommended to stay informed of local and national economic indicators that might affect Boissevain’s market dynamics.
