Bruxelles, 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
1. Current Market Conditions and Trends
The real estate market in Bruxelles, Manitoba currently presents a stable environment for both homeowners and investors. With a median house price of $500,000 and an upward year-over-year trend of 3.5%, the market is showing moderate growth. Similarly, the apartment sector is experiencing a steady increase, with the median price at $300,000 and an annual growth rate of 2.1%. The population of Bruxelles has reached 15,000 residents, with a robust growth rate of 7.1%, indicating a healthy demand for housing in the region.
2. Investment Opportunities and Potential
Given the steady price appreciation in both housing and apartment markets, Bruxelles offers promising investment opportunities. The continuous population growth suggests that rental properties could yield significant returns as the demand for housing is expected to rise along with the influx of new residents. Long-term investments in residential properties appear favorable due to consistent market growth rates, while developers might find potential in constructing new housing units to meet the increasing housing demands.
3. Future Market Outlook
The future outlook for Bruxelles’ real estate market appears optimistic. The ongoing population increase paired with sustained economic development suggests that property values are likely to continue their upward trajectory. While current trends point towards gradual growth rather than rapid escalation in prices, investors and homebuyers can expect reliable appreciation rates in the foreseeable future. Monitoring economic factors such as employment rates and infrastructure developments will be crucial for accurately predicting the long-term vitality of the Bruxelles real estate market.
