Dugald, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $415,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $245,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $455,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dugald, Manitoba is currently characterized by moderate growth. With a median house price of $495,000 and a year-over-year increase of 3.3%, the market shows steady appreciation. This trend suggests a healthy demand for single-family homes within the community.
Similarly, the median apartment price stands at $295,000, following a more modest year-over-year growth of 1.9%. This slower rate of increase points to a more balanced market in the apartment sector, possibly indicating a good inventory level that meets current demand without excessive price pressures.
The population of Dugald has grown to 15,200, with a notable growth rate of 2.7%. This demographic trend is likely contributing to the sustained demand for housing in the area and may be influencing current market conditions positively.
Investment Opportunities and Potential
Given the steady rise in property values and consistent population growth, Dugald presents attractive investment opportunities. The single-family home segment, with its 3.3% annual price increase, indicates room for capital appreciation, making it appealing for long-term investors seeking equity growth.
The apartment sector’s lower growth rate suggests an opportunity for investors to enter the market at a relatively stable price point. Rental properties could benefit from the growing population as new residents may look for rental accommodations before purchasing homes.
Furthermore, with Dugald’s increasing population and potential for economic development, there may be opportunities in commercial real estate investments or in developing residential properties to meet the future housing needs of the community.
Future Market Outlook
The future outlook for Dugald’s real estate market appears promising. Population growth is likely to continue fueling demand for housing. If economic conditions remain favorable and the local job market strengthens further, we can anticipate sustained or possibly increased rates of property value appreciation.
However, it is important to monitor interest rate trends and other economic factors that could impact affordability and borrowing costs. Any significant changes could alter the trajectory of both house and apartment prices.
Investors should also pay attention to local development plans and infrastructure projects as these can significantly influence future property values and investment returns in Dugald’s real estate market.
