Marchand, 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
In Marchand, Manitoba, the real estate market is exhibiting stable growth. The median house price currently stands at $500,000, reflecting a year-over-year increase of 3.5%. This steady appreciation in house prices indicates a healthy demand for residential properties. Meanwhile, the median apartment price is somewhat lower at $300,000, with a more modest annual growth rate of 2.1%. The difference in growth rates between houses and apartments may suggest that single-family homes are more sought after in this market. Contributing to these conditions is Marchand’s growing population, which has recently expanded by 7.1%, thus amplifying demand for housing.
Investment Opportunities and Potential
The positive trends in Marchand’s real estate market offer various investment opportunities. The consistent appreciation of house prices presents potential for capital gains for those looking to invest in residential property. The robust population growth of 15,000 residents also signals a rising demand for rental properties, making both apartments and houses attractive options for real estate investors seeking steady cash flow through rental income. Given the relatively higher growth rate in house prices, single-family homes might provide better long-term appreciation potential.
Future Market Outlook
The future outlook for the Marchand real estate market appears promising. Should the current trends continue, with a strong population growth and consistent property value appreciation, we can expect ongoing demand for housing which would support further price increases. However, prospective investors and homeowners should remain aware of broader economic conditions and interest rate changes that could affect affordability and mortgage costs. Careful attention to these external factors will be crucial in making informed decisions moving forward in this dynamic market.
