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 in Dufferin, Manitoba
The real estate market in Dufferin, Manitoba is currently experiencing a stable growth pattern. The median house price stands at $500,000, marking a year-over-year increase of 3.5%. This trend suggests a healthy demand for single-family homes within the region. Meanwhile, the median apartment price is $300,000 with a more modest appreciation rate of 2.1% over the same period.
With a population of 15,000 that has grown by 7.1%, Dufferin is seeing an influx of new residents which could be fueling the demand for housing. This growth exceeds national averages and indicates a vibrant local economy that may be attracting individuals seeking employment or lifestyle changes. Such demographic expansion can lead to increased demand for real estate across all sectors.
Investment Opportunities and Potential in Dufferin
The steady increase in property values in Dufferin presents attractive opportunities for investors. The continuous rise in median house prices suggests that investments in single-family homes could yield profitable returns as the market maintains its upward trajectory. Similarly, apartments are showing positive growth, albeit at a slower pace, indicating potential for long-term investment as rental properties.
Given the population growth rate, there is likely to be sustained demand for both rental and owner-occupied housing. Investors might also explore developments that cater to new residents such as residential complexes or mixed-use developments which can benefit from the town’s increasing population.
Future Market Outlook for Dufferin Real Estate
The future market outlook for Dufferin remains optimistic given current trends and demographic indicators. The consistent population growth suggests that there will be an ongoing need for housing which should support market stability and continued appreciation in property values.
However, investors should monitor external economic factors such as interest rates and employment levels which can influence buyer affordability and impact market conditions. Assuming these factors remain favorable, the real estate market in Dufferin is poised for continued growth and presents a promising landscape for both residential and commercial investment opportunities.
In conclusion, while careful consideration of broader economic conditions is advised, the data portrays Dufferin’s real estate market as robust with sound prospects for future growth.
