Brandon, 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 Brandon, Manitoba, the real estate market is currently characterized by steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market has been showing positive momentum. Similarly, the median apartment price is set at $300,000 and is following an upward trend with a yearly increase of 2.1%. This consistent growth pattern suggests that Brandon’s real estate market has remained resilient in the face of economic fluctuations.
The city’s population of 15,000 has experienced significant growth with a rate of 7.1%. This demographic expansion is indicative of a robust local economy and may be contributing to the increased demand for housing, further driving up property values in the area.
Investment Opportunities and Potential
Given current trends, Brandon presents several attractive opportunities for real estate investors. The steady increase in property values coupled with ongoing population growth points to a strong potential for sustained rental demand, especially for apartments which have shown a slower yet consistent appreciation rate.
Investors may consider diversifying their portfolios by acquiring properties across different segments—both houses and apartments—to leverage the advantages of both market stability and potential returns on investment. Additionally, new developments or refurbishments in popular neighborhoods could capitalize on Brandon’s growing population and the corresponding need for quality housing options.
Future Market Outlook
The future outlook for Brandon’s real estate market appears optimistic. Assuming current economic drivers such as population growth maintain their trajectory, it is reasonable to anticipate continued demand for housing. If the city can sustain its appeal through job creation, lifestyle amenities, and community development, this demand could result in further property value increases.
However, investors should remain vigilant regarding local and national economic policies that might affect interest rates or housing regulations. Such factors could alter the course of the current trends. Overall, maintaining a keen awareness of broader economic indicators while focusing on local developments will be key to making informed investment decisions in Brandon’s promising real estate market.
