Husavik, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $487,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $487,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Husavik, Manitoba currently shows a steady growth pattern. The median house price stands at $487,000, with a year-over-year increase of 2.8%. This indicates a moderately rising market where property values are appreciating at a sustainable rate. Similarly, the apartment sector is experiencing growth, with the median apartment price at $295,000, which has risen by 1.8% over the past year.
These trends are occurring alongside a healthy population growth of 2.7%, which supports the demand for housing in the area. The market appears to be balanced, without signs of overheating or rapid inflation that could lead to affordability issues or a potential bubble.
Investment Opportunities and Potential
With consistent growth in property values and a strong population increase, Husavik presents attractive investment opportunities. The housing market’s gradual appreciation suggests that investments in residential properties could yield stable returns in the long term. The moderate price trends also indicate room for growth, potentially offering a favorable entry point for investors before prices escalate further.
Apartments may also represent a sound investment opportunity due to their lower median price compared to houses and a slightly slower appreciation rate. Investors looking for lower entry costs and potentially higher rental yield percentages might find apartments appealing, especially as the population continues to rise, likely increasing rental demand.
Future Market Outlook
The future outlook for Husavik’s real estate market remains optimistic based on current trends and data. Given the steady population growth and economic stability of the region, it is reasonable to expect that both housing and apartment markets will continue to see gradual appreciation. This suggests that investing in Husavik could be seen as less speculative and more focused on long-term capital gains.
However, investors should remain mindful of external economic factors that could impact the regional market, such as interest rate changes, employment rates, and broader national economic trends. Keeping an eye on these variables will be crucial in accurately assessing future performance and risk.
