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Husavik, 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





Husavik, Manitoba Real Estate Market Analysis

Current Market Conditions and Trends

In Husavik, Manitoba, the real estate market has been experiencing steady growth. The median house price in the region currently stands at $500,000, which represents a year-over-year increase of 3.5%. This growth rate indicates a healthy demand for single-family homes, which are being valued progressively higher as the market conditions remain favorable.

The apartment sector is also showing positive trends, albeit at a slightly slower pace. The median apartment price is now at $300,000, with an annual appreciation of 2.1%. This suggests a stable market for smaller residential units, appealing to both first-time homebuyers and investors looking for rental properties.

The population of Husavik has grown to 15,000 residents, marking a significant growth rate of 7.1%. This demographic expansion supports the ongoing demand for housing and bodes well for the sustainability of current market trends.

Investment Opportunities and Potential

The consistent rise in property values coupled with strong population growth positions Husavik as an area ripe for real estate investment. The housing market’s current trajectory indicates that early investments have the potential to yield considerable returns as prices continue trending upwards.

For investors aiming to capitalize on rental income, the growing population suggests a widening tenant pool. Given the lower entry price point and stable appreciation rates for apartments, these properties may offer particularly attractive opportunities for long-term investment strategies.

New development projects could also be a worthwhile consideration given the population increase. There is likely an emerging need for additional residential units, including family homes and multi-unit dwellings.

Future Market Outlook

The future outlook of Husavik’s real estate market remains positive. Assuming current economic conditions persist—such as low-interest rates and stable employment—the upward pressure on housing prices is likely to continue. Population growth will keep fuelling housing demand, potentially leading to further expansion in both the residential construction sector and associated service industries.

However, investors should remain cognizant of broader economic factors that could affect local market conditions, such as national policy changes or shifts in regional industry performance. Careful monitoring of these variables alongside localized supply-and-demand dynamics will be crucial in maximizing investment outcomes in Husavik’s promising real estate market.