Grahamdale, 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 Grahamdale, Manitoba is currently experiencing steady growth. With a median house price of $500,000 and an annual increase of 3.5%, the market indicates a healthy upward trend. This suggests that the housing sector in Grahamdale is becoming increasingly valuable, likely due to a combination of demand factors and limited supply. Similarly, apartments are also seeing growth with a median price of $300,000 and a year-over-year price increase of 2.1%. The population growth of 7.1% underlines the increasing demand for housing in the area, which may drive further price increases as the market struggles to keep up with the influx of new residents.
Investment Opportunities and Potential
The investment potential in Grahamdale is significant given the positive trends in property values. Investors can capitalize on the moderate yet consistent appreciation rates in both houses and apartments. The robust population growth implies an ongoing demand for rental properties, potentially leading to favorable rental yields for investors who choose to purchase properties to rent out. Furthermore, the disparity between house and apartment prices suggests a diverse range of investment opportunities catering to different segments of the market—from first-time home buyers looking for more affordable apartment options to those seeking family homes.
Future Market Outlook
Looking ahead, Grahamdale’s real estate market shows promise for continued growth. The persistent increase in population is likely to maintain pressure on housing supply and could result in sustained or even increased rates of property appreciation. If economic conditions remain stable and interest rates attractive, the demand for housing should continue its current trajectory. This bodes well for both homeowners looking to build equity over time and investors seeking capital gains or rental income from their real estate assets. However, prospective buyers and investors should monitor local developments such as employment rates, infrastructure projects, and changes in provincial or federal housing policies that could impact future market dynamics.
