Grahamdale, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| 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 Grahamdale, Manitoba is currently experiencing steady growth. With a median house price sitting at $490,000, the market has seen an appreciable year-over-year increase of 4%. This indicates a healthy demand for housing in the area. Similarly, the median apartment price is $295,000, and it has grown at a slightly slower pace of 2.5% year-over-year. This growth pattern suggests a balanced expansion across different housing types in Grahamdale.
The local population has reached approximately 15,500 residents, with a robust growth rate of 3.3%. This demographic trend is indicative of an expanding community that could further stimulate housing demand.
Investment Opportunities and Potential
Grahamdale’s growing population and its consistent increase in property values present appealing investment opportunities. The steady rise in house prices reflects ongoing demand and a real estate market that has not yet become saturated or overvalued, presenting potential for continued capital appreciation.
Investors may be particularly interested in the residential sector given the solid growth rates seen both for houses and apartments. Rental properties could also be promising due to the population increase, as newcomers to the area will likely boost demand for rental accommodations before committing to homeownership.
Future Market Outlook
The outlook for Grahamdale’s real estate market remains positive. Given the current trends of steady house price increases and significant population growth, the market appears poised for sustained growth. Should these trends continue, along with favorable economic conditions and investment in local infrastructure, Grahamdale’s real estate market could see further expansion.
However, investors and potential homebuyers should monitor local economic indicators, development plans and interest rates as these factors can influence market dynamics. Understanding these elements will be key to making informed decisions regarding real estate investments in Grahamdale.
