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
1. Current Market Conditions and Trends
The real estate market in Charleswood, Manitoba, is currently experiencing stable growth, as indicated by the year-over-year increase in property prices. The median house price stands at $500,000, with a growth trend of 3.5%. Apartments in the area are also appreciating, albeit at a slightly slower pace, with the median price at $300,000 and an annual trend of 2.1%. These statistics suggest a steady demand for housing in the area.
The population of Charleswood has seen significant growth, with a 7.1% increase, which likely contributes to the demand for housing and supports the positive price trends. The healthy population growth coupled with the upward trend in property values suggests that Charleswood’s real estate market is robust and attractive to potential buyers and investors.
2. Investment Opportunities and Potential
Investment opportunities within Charleswood’s real estate market appear promising given its consistent growth patterns. Single-family homes present a valuable option for long-term investment due to their higher year-over-year appreciation rate. At the same time, apartments offer a more accessible entry point into the market with a respectable appreciation rate of 2.1%.
The ongoing population increase implies a sustained or growing demand for rental properties, making buy-to-rent investments potentially lucrative. Investors should note that Charleswood’s housing market shows resilience and an upward trajectory, indicating potential for capital gains on property investments over time.
3. Future Market Outlook
Looking forward, the Charleswood real estate market appears poised for continued growth. The existing trends and population dynamics suggest that both housing prices and demand are likely to maintain an upward momentum. Assuming no major economic disruptions occur, investors can reasonably expect ongoing appreciation in property values.
The area’s strong population growth rate is particularly noteworthy as it outpaces many other regions, potentially driving further housing development and infrastructure improvements. This demographic factor alone provides a solid foundation for optimism regarding the future health of Charleswood’s real estate market.
In summary, given the current data and trends, Charleswood represents an attractive market for both residential buyers looking to settle in a growing community and investors seeking stable assets with appreciation potential.
