Gypsumville, 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 Gypsumville, Manitoba is exhibiting a steady growth trajectory, with the median house price currently standing at $500,000 and experiencing a year-over-year increase of 3.5%. This increment suggests a healthy demand for housing in the area, as well as a market that is appreciating at a moderate pace. Similarly, the median apartment price has seen a rise to $300,000, growing at a slightly slower rate of 2.1% year-over-year. Such trends indicate a stable environment for both single-family homes and multi-family units.
The population of Gypsumville sits at 15,000 residents and has noted a significant growth of 7.1%, which could be contributing to the increased housing demand. As more people move into the community, whether for employment opportunities, lifestyle choices, or other factors, the real estate demand is likely to remain robust.
Investment Opportunities and Potential
Given the steady appreciation rates in both housing segments and the notable population growth, Gypsumville presents attractive investment opportunities. For investors looking at long-term capital gains, purchasing single-family homes could be beneficial due to their higher annual appreciation rate compared to apartments.
However, apartments should not be overlooked as they offer entry points at lower price thresholds and may cater to an emerging market of young professionals or smaller households. With the population on the rise, rental demand is likely to increase, potentially leading to higher rental yields for landlords and making apartment investments appealing for those seeking regular income streams.
Future Market Outlook
The future real estate market outlook for Gypsumville remains optimistic based on current trends. Assuming consistent economic conditions and the continuation of population growth at its current or a similar rate, demand for housing is expected to persist or even accelerate.
This sustained demand could lead to further gradual increases in property values across both houses and apartments. Investors and homebuyers considering entering the market might find it advantageous to act sooner rather than later to capitalize on current growth trends before prices escalate further. Nevertheless, as with any investment decision involving real estate, it’s crucial to conduct thorough local market research and consider economic factors that might impact future growth such as employment rates and infrastructure developments in Gypsumville.
