Erickson, 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 Erickson, Manitoba, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes, likely driven by both local factors and broader provincial economic conditions.
Similarly, the median apartment price has reached $300,000, with a slightly lower year-over-year growth rate of 2.1%. This suggests that while the apartment market is also growing, it is doing so at a more moderate pace compared to houses.
The population of Erickson has seen a significant rise of 7.1%, which is likely contributing to the increased housing demand. Such demographic changes are critical in shaping real estate trends and signal robust market dynamics that may continue to spur property values upwards.
Investment Opportunities and Potential
The positive trends in Erickson’s real estate market indicate promising investment opportunities. The consistent growth in median house prices offers potential for capital appreciation for those considering investing in residential properties.
Additionally, the strong population growth suggests that rental properties could see increased demand, potentially leading to higher occupancy rates and rental yields for investors focusing on apartments or multi-family dwellings. Given the current trajectory, investment in new construction projects may also be lucrative as supply strives to meet the growing demand.
Future Market Outlook
Looking ahead, Erickson’s real estate market appears poised for continued growth. The combination of rising property values and robust population increases creates a fertile environment for both residential and commercial real estate expansion.
If current trends persist, investors may find Erickson an attractive market with sustained long-term potential. Nonetheless, it is essential to monitor economic indicators closely, as shifts in employment rates, interest rates, and regional development projects can influence future conditions.
Careful analysis of zoning changes and infrastructure developments will also provide insights into areas with high growth potential. Staying informed will enable investors to make strategic decisions aligned with emerging trends within Erickson’s evolving landscape.
