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
As of the latest data analysis, the real estate market in Minnedosa, Manitoba, shows a stable growth pattern. The median house price in the region is currently at $500,000, with an annual increase of 3.5%. This consistent rise indicates a healthy demand for single-family homes in the area. Similarly, apartments are following an upward trajectory with the median price set at $300,000 and are experiencing a slightly slower year-over-year growth of 2.1%. The growth rates suggest that the market is expanding at a sustainable pace.
Investment Opportunities and Potential
Minnedosa’s property market presents several opportunities for investors looking for both short-term gains and long-term investment potential. Given Minnedosa’s population of 15,000 and a significant growth rate of 7.1%, there is likely to be continued demand for housing. This could be particularly attractive for investors looking to enter the rental market or seeking to develop properties that cater to the growing demographic. The steady increase in property values also provides a favorable environment for those interested in buying and holding real estate assets.
Future Market Outlook
The outlook for Minnedosa’s real estate market remains optimistic. With a robust population growth rate outstripping many other regions, there is potential for both residential and commercial development projects to meet new demand. If current trends continue, we can anticipate ongoing increases in property values across both houses and apartments. Investors and homeowners should monitor infrastructure developments and employment opportunities within the area as key indicators that may affect future growth rates and investment returns.
