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
The real estate market in Brandon, Manitoba is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%, indicating a healthy demand for residential properties. The apartment sector is also showing positive momentum with a median price point of $300,000 and a growth trend of 2.1% over the past year.
Brandon’s population has grown by 7.1%, which is fueling housing demand and contributing to the upward pressure on property values. This population increase may be attributed to Brandon’s strong local economy, attractive lifestyle offerings, and its reputation as a growing regional hub.
Investment Opportunities and Potential
For investors considering the Brandon real estate market, there are promising opportunities across both residential segments. The consistent growth in house prices suggests that single-family homes are a solid investment with potential for capital appreciation. Apartments offer a slightly lower entry point at $300,000 with a continued upward price trend, making them an attractive option for rental income and long-term value increase.
The city’s expanding population base also presents an opportunity for development projects aimed at meeting the increasing housing demand. Investors may benefit from exploring new construction, renovation of existing properties, or diversifying into multi-family units to cater to different market segments.
Future Market Outlook
Looking ahead, the real estate market in Brandon is poised for continued growth. The combination of a strengthening local economy and ongoing population influx supports a positive outlook for property investments in the region. Forecasters may expect sustained or possibly increased rates of price appreciation as demand remains robust amid limited housing supply.
In light of these factors, investors and homebuyers can approach the Brandon real estate market with confidence, provided they conduct thorough due diligence and remain mindful of broader economic conditions that could impact market dynamics in the future.
