Bruxelles, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $492,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $492,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,800 |
| Previous Population (2020) | 15,000 |
| Population Change | 5.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bruxelles, Manitoba is currently experiencing steady growth. The median house price sits at $492,000, which represents a 3.2% increase year-over-year. This indicates a stable demand for housing within the region. Similarly, the median apartment price has seen a rise to $295,000, marking a 2.5% growth from the previous year. These trends suggest a consistent uptick in property values across different types of residential real estate.
The population growth of 5.3% further substantiates the healthy demand for housing in Bruxelles. This demographic expansion can be seen as a positive sign for both the rental and buyer markets, as an increasing number of residents typically correlates with heightened housing needs.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities within Bruxelles appear promising. The steady appreciation in house and apartment prices points to a robust market where real estate investments have the potential to yield profitable returns over time. Investors might consider capitalizing on both the buying market—owing to the consistent value appreciation—and the rental market, which is likely to expand due to population growth.
Moreover, with a median house price being well below half a million dollars, there is an accessible entry point for investors looking to acquire properties in this region compared to more expensive urban markets. The growing population also suggests future development opportunities, such as multifamily units or residential complexes that could meet the rising demand for accommodation.
Future Market Outlook
The future outlook for Bruxelles’ real estate market remains optimistic. The ongoing population growth at a rate of 5.3% is indicative of an expanding community that will require additional housing solutions. With this demographic trend expected to continue, demand for residential properties is likely to stay strong.
Investors and potential homeowners could find long-term value in this market due to the gradual yet steady increase in property prices. Provided that economic conditions remain favorable and no unforeseen events disrupt market dynamics, Bruxelles is poised for continued real estate success and could represent a sound investment opportunity with sustained growth prospects.
