Minnedosa, 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 Minnedosa, Manitoba
As of the latest market data, Minnedosa, Manitoba has experienced a steady growth in real estate prices. The median house price in the area is now at $500,000, reflecting a year-over-year increase of 3.5%. This trend indicates a healthy demand for single-family homes, likely driven by both local factors and broader provincial economic conditions.
Similarly, the apartment sector has seen positive movement with the median apartment price reaching $300,000, and an annual appreciation rate of 2.1%. Although this rate is slightly lower than that of houses, it demonstrates a consistent upward trajectory for multi-family dwellings in Minnedosa.
Moreover, the population of Minnedosa stands at approximately 15,000 residents, with a significant growth rate of 7.1%. This demographic expansion is a key driver behind the real estate demand, as more individuals and families seek housing options within the community.
Investment Opportunities and Potential in Minnedosa
Given the upward trends in property values and population growth, Minnedosa presents several attractive investment opportunities. Investors can capitalize on the increasing demand for housing by targeting both the single-family home market and the growing segment of renters seeking apartments.
The ongoing rise in median house prices suggests that purchasing residential properties could yield considerable capital gains over time. Additionally, rental properties offer potential for steady cash flow given the town’s growing population and limited housing supply which may lead to increased rent prices.
Future Market Outlook for Minnedosa Real Estate
Looking ahead, Minnedosa’s real estate market is poised to maintain its growth trajectory. The robust population increase acts as a foundational driver for sustained housing demand. Should these demographic trends continue alongside economic stability or improvement within Manitoba, it is reasonable to anticipate further appreciation in property values.
However, investors and prospective homebuyers should also consider external economic factors such as interest rates, employment figures, and government housing policies which could influence future market dynamics.
In conclusion, while current indicators are positive, a prudent approach would involve monitoring key economic indicators closely to make well-informed investment decisions in Minnedosa’s dynamic real estate market.
