Brokenhead, 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 Brokenhead, Manitoba, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This trend indicates a healthy demand for single-family homes in the area. Additionally, apartments are seeing a slower yet consistent rise in value, with the median apartment price at $300,000 and witnessing a 2.1% year-over-year growth.
The population of Brokenhead has grown to approximately 15,000 residents, marking a significant growth rate of 7.1%. This demographic expansion suggests that the demand for housing is likely to continue its upward trajectory, fueled by both local population growth and incoming residents attracted by economic opportunities or lifestyle preferences.
Investment Opportunities and Potential
The sustained increase in property values across both houses and apartments highlights the potential for real estate investment in Brokenhead. With relatively moderate price trends compared to more volatile markets, investors can anticipate continued appreciation in asset values over time. Moreover, the robust population growth underpins the potential for rental investments as demand for housing solutions increases alongside the rising number of residents.
The current trends suggest that both long-term capital gains and rental yields could be attractive to investors, particularly when considering single-family homes that are currently leading in terms of price growth. Investors should also pay attention to emerging neighborhoods or developments that could benefit from infrastructure improvements or community investment.
Future Market Outlook
The outlook for the Brokenhead real estate market remains optimistic based on current data. Steady population growth coupled with consistent price increases point towards a continuing upward trend in property values. If the local economy remains stable or improves, contributing to job creation and income growth, it is reasonable to expect that real estate will remain a solid investment choice.
However, investors and homebuyers should monitor external economic factors such as interest rates changes, which could impact mortgage affordability and consequently affect housing demand. A balanced approach considering both local market dynamics and broader economic indicators is advisable when forecasting future market performance.
