Eriksdale, 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 Eriksdale, Manitoba is experiencing steady growth. The median house price in the region is currently sitting at $500,000, reflecting a year-over-year increase of 3.5%. This upward trend indicates a healthy demand for single-family homes, which could be attributed to the area’s rising population and the appeal of more spacious living outside urban centers.
Similarly, the apartment market is also showing positive movement with a median price point of $300,000 and a growth trend of 2.1% year-over-year. This suggests that there is a demand for diverse housing options within Eriksdale, catering to different demographics including singles, young professionals, and small families.
The population of Eriksdale stands at 15,000, with a substantial growth rate of 7.1%. This increase in residents is likely fueling the housing market as new inhabitants seek accommodation, thereby reinforcing property values.
Investment Opportunities and Potential
Eriksdale’s consistent market growth coupled with its population increase presents attractive investment opportunities. Investors may find potential in purchasing single-family homes due to their higher appreciation rate of 3.5%. With such properties experiencing greater annual price increases, they could offer better long-term capital gains compared to apartments.
The apartment sector, while growing at a slightly slower pace of 2.1%, still presents an opportunity for those looking to cater to individuals or smaller households who prefer lower-maintenance living or cannot afford higher-priced homes.
Given Eriksdale’s population surge, rental properties may also be a viable investment choice as new residents may initially look for temporary housing solutions before committing to home ownership.
Future Market Outlook
The future real estate market outlook for Eriksdale appears optimistic based on current trends. If the locality maintains its population growth rate of 7.1%, demand for housing will presumably persist, which should support ongoing property value appreciation. Furthermore, as more people move away from densely populated urban areas in search of larger living spaces and community-oriented lifestyles post-pandemic, this migration could further bolster Eriksdale’s real estate market.
However, potential investors and homebuyers should stay informed about local economic developments and infrastructure projects which may impact property values and desirability in the future. Monitoring interest rates and national economic indicators will also be crucial for making well-informed decisions in this active market.
