Reston, 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
The real estate market in Reston, Manitoba is currently experiencing a period of steady growth. The median house price stands at $500,000, which has seen a year-over-year increase of 3.5%. Meanwhile, the median apartment price is $300,000, with a slightly lower growth rate of 2.1% year-over-year. These trends indicate a healthy and appreciating market, likely influenced by the town’s increasing population, which has grown by 7.1%. This population surge suggests that demand for housing is on the rise, which could continue to drive prices upward in the near future.
Investment Opportunities and Potential
For potential investors, Reston’s real estate market presents attractive opportunities for both residential and rental properties. Given the solid growth in property values and the significant population increase, investments are expected to benefit from both capital appreciation and potential rental income. The more moderate increase in apartment prices also presents an opportunity for entry-level investment or appealing options for those looking to invest in properties with lower maintenance requirements compared to standalone houses.
Future Market Outlook
The future outlook for Reston’s real estate market remains optimistic. The ongoing population growth implies a sustained demand for housing. If this trend continues, it could further tighten the market, putting upward pressure on both rental and purchase prices. Moreover, if current economic conditions persist and Reston continues to attract new residents, it is reasonable to anticipate that property values will keep rising at a similar or possibly accelerated pace. Investors and homebuyers might find it advantageous to enter the market sooner rather than later to capitalize on the current growth trajectory.
