Charleswood, 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 Charleswood, Manitoba, currently shows a stable growth pattern. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the housing sector demonstrates resilience and steady appreciation. Similarly, the apartment segment is witnessing growth with a median price of $300,000, which has increased by 2.1% over the past year. The local population has reached 15,000 residents, presenting a robust growth rate of 7.1%, indicative of a thriving community with increasing demand for housing.
Investment Opportunities and Potential
The positive trends in Charleswood present attractive investment opportunities for property investors and homebuyers alike. Given the steady increase in property values and substantial population growth, investors could expect continued appreciation in real estate assets. With houses showing a slightly higher growth rate compared to apartments, single-family homes may offer greater capital gains potential in the short to medium term. Additionally, the influx of new residents suggests an expanding rental market that may benefit landlords and those looking to invest in income properties.
Future Market Outlook
The future outlook for Charleswood’s real estate market remains optimistic. The consistent year-over-year price increases for both houses and apartments suggest that the area is on a sustainable growth trajectory. Considering the significant population growth rate, there is likely to be ongoing demand for housing which may further drive property values upward. As long as economic conditions remain favorable and the local job market continues to support the resident base, Charleswood is poised for a stable and potentially prosperous real estate market in the foreseeable future.
