Edrans, 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 Edrans, Manitoba, currently presents a stable environment with median house prices sitting at $500,000, which reflects a moderate year-over-year increase of 3.5%. The consistency in this growth pattern suggests a healthy demand for single-family homes within the area. Apartments are also experiencing a positive trend with median prices at $300,000 and an annual appreciation rate of 2.1%. This divergence in growth rates indicates a slightly stronger performance in the detached housing sector.
The population of Edrans has reached approximately 15,000 residents, showcasing a substantial growth rate of 7.1%. This demographic expansion is likely contributing to the steady increase in housing demand, putting additional upward pressure on property values. The data implies a proportional relationship between population growth and real estate activity, hinting at sustained market dynamics driven by an expanding community.
Investment Opportunities and Potential
The ongoing growth trend in Edrans offers promising investment opportunities particularly in the single-family home segment, which outperforms apartments in terms of price appreciation. Investors might see robust potential for capital gains over the medium to long term given the steady rise in property values coupled with the strong population growth.
The apartment market’s lower entry price point and solid growth rate can appeal to investors seeking more affordable options with reliable returns. Rental demand is expected to rise alongside population increases, potentially leading to higher rental yields over time. The diversity in housing types provides various investment avenues tailored to different risk profiles and capital capacities.
Future Market Outlook
The future outlook for Edrans’ real estate market appears optimistic based on current indicators. With a consistent influx of new residents and a growing economy, demand for housing is anticipated to remain robust. Assuming that the local job market stays stable and infrastructure development keeps pace with population growth, the real estate sector should sustain its upward trajectory.
The gradual but steady increase in property values suggests that there is no overheated speculative activity at present, reducing the risk of sudden market corrections. However, investors and homebuyers should remain aware of broader economic factors that could influence interest rates and borrowing costs, potentially impacting affordability and investment attractiveness.
In conclusion, Edrans’ real estate market shows healthful signs of progression backed by sound demographic trends. While current conditions favor both homeownership and investment activities, careful monitoring of economic developments will be crucial for making informed decisions moving forward.
