Landmark, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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
1. Current Market Conditions and Trends
The real estate market in Landmark, Manitoba is currently experiencing a period of moderate growth. With the median house price sitting at $525,000, there has been a year-over-year increase of 4.2%. This indicates a healthy and steadily appreciating market for single-family homes. Similarly, the apartment sector is also witnessing growth, albeit at a slower pace, with the median apartment price of $310,000 reflecting a 2.5% year-over-year trend.
The population of Landmark stands at 15,500 and has seen a significant population growth of 3.3%. This demographic expansion is a key driver behind the sustained demand for housing in the area, which in turn fuels the market’s overall stability and growth.
2. Investment Opportunities and Potential
For investors considering entering the Landmark real estate market, there is potential for both long-term capital gains and rental income opportunities. The consistent increase in property values suggests that investments made now may continue to appreciate over time. The steady population growth further supports an ongoing demand for rental properties, offering investors a chance to capitalize on this momentum with potentially favorable returns on investment.
With house prices outpacing apartments in terms of annual percentage gain, single-family homes represent particularly promising investment vehicles for those looking to maximize equity growth. However, apartments should not be overlooked as they offer a more accessible entry point into the market and can cater to different segments of the population such as smaller families or young professionals.
3. Future Market Outlook
Projecting into the future, Landmark’s real estate market appears poised for continued growth albeit at a sustainable rate. The ongoing population increase is likely to remain a primary engine driving housing demand forward. Assuming current economic conditions persist and development keeps pace with demographic trends, both the residential home and apartment sectors should maintain their upward trajectories.
However, investors should remain vigilant regarding local economic factors and national policy changes that could impact interest rates or mortgage accessibility. While current trends provide an optimistic outlook, it’s crucial to monitor these variables closely as they can significantly influence market dynamics.
