Clandeboye, 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 Clandeboye, Manitoba is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing sector indicates a healthy upward trajectory. This increase outpaces inflation rates, suggesting that real estate in Clandeboye is a solid investment. The median apartment price stands at $300,000 with a slower growth rate of 2.1% year-over-year. This difference in growth rates may reflect a larger demand for single-family homes over apartments or could indicate a potential undersupply in the housing market.
The population of Clandeboye has reached 15,000 and is on the rise with a robust growth rate of 7.1%. This significant population increase can be attributed to factors such as economic opportunities, lifestyle preferences, and immigration. Increased demand for housing due to population growth often results in higher property values and rental rates, making it an attractive market for investors and homeowners alike.
Investment Opportunities and Potential
Given the steady increase in property values and significant population growth, Clandeboye presents compelling investment opportunities. Investors looking to capitalize on market conditions may find long-term equity gains in purchasing residential properties, especially single-family homes which are appreciating at a faster rate than apartments.
The rental market also shows promise due to the influx of new residents seeking accommodation. This could lead to higher rental yields for investors owning multi-family units or apartments. Moreover, as the community grows, there might be increasing demand for retail spaces and commercial properties catering to the needs of the expanding population.
However, investors should conduct thorough due diligence on specific neighborhoods and property types since market dynamics can vary significantly within different areas of Clandeboye.
Future Market Outlook
The outlook for Clandeboye’s real estate market remains positive. The continuous population growth will likely sustain demand for housing, which could lead to further increases in property values over time. As infrastructure expands and the local economy diversifies, Clandeboye may attract additional investment and development projects.
However, potential investors and homeowners should remain aware of macroeconomic factors such as interest rates changes, national economic trends, and government housing policies that could impact the local real estate market dynamics.
In conclusion, Clandeboye’s current real estate trends and demographic shifts suggest that it is positioned for continued growth. While single-family homes present particularly attractive investment opportunities at present, all potential investments should be evaluated based on individual risk tolerance and long-term goals.
