Dufferin, 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 Dufferin, Manitoba currently exhibits a stable growth pattern. The median house price stands at $500,000, which marks a year-over-year increase of 3.5%. This steady growth is indicative of a healthy market that is attractive to both buyers and sellers. Similarly, the median apartment price has reached $300,000, climbing at a slightly slower pace with a 2.1% year-over-year increase.
With a population of 15,000 that has grown by 7.1%, Dufferin is experiencing demographic changes that could be contributing to the demand in housing and influencing market conditions. This population growth suggests an upward trend in demand for both housing purchases and rental properties, which may continue to support the appreciation of real estate values in the area.
Investment Opportunities and Potential
The consistent growth in property values in Dufferin presents promising investment opportunities. The positive trend in house prices suggests that investment in residential properties could yield favourable returns over time. Furthermore, the substantial population growth rate points towards an increasing demand for housing, potentially leading to tighter market conditions and higher property values.
Investors looking into the apartment sector can also find potential given the steady increase in apartment prices. With the current trends, rental properties may provide stable income streams as well as appreciation gains in the long term. As the population continues to grow, demand for various types of housing—including apartments—is likely to rise, which could result in lower vacancy rates and higher rental yields.
Future Market Outlook
The future market outlook for Dufferin, Manitoba remains optimistic based on the observed trends and demographic indicators. Assuming that current economic conditions persist and population growth continues at its current or higher rate, it is reasonable to anticipate ongoing appreciation in property values. The stable price increase trend offers a relatively low-risk environment for real estate investors.
However, it is important for investors and potential homebuyers to keep an eye on broader economic indicators, interest rate changes, and local developments that could impact the real estate market’s trajectory. Active monitoring of these factors will be crucial to making informed decisions within this dynamic market setting.
