Rossburn, 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 Rossburn, Manitoba, is currently experiencing a stable increase in property values. With a median house price of $500,000 and a year-over-year growth of 3.5%, the market is showing consistent appreciation. Similarly, the apartment sector is also demonstrating growth with a median price of $300,000 and an annual increase of 2.1%. This steady trajectory suggests that the market is robust and that the demand for housing in Rossburn remains healthy.
Given the population of 15,000, which has grown by 7.1%, there is an indication that Rossburn is becoming an increasingly attractive location for new residents. This population growth is likely contributing to the rising demand for housing in the area, further bolstering market conditions.
Investment Opportunities and Potential
With its positive population growth and ongoing property value appreciation, Rossburn offers promising investment opportunities. The current trends indicate that investing in residential properties could lead to solid returns over time. The steady increase in house prices implies that the market has not yet peaked, providing investors with a window for potentially lucrative investments.
Apartments represent another attractive investment option due to their more modest price point and steady appreciation rate. These assets might be particularly appealing to investors looking to enter the market at a lower cost while still capitalizing on the town’s growth. Additionally, as more individuals move to Rossburn, the demand for rental properties could rise, offering investors potential income through rental yields alongside long-term asset appreciation.
Future Market Outlook
The outlook for Rossburn’s real estate market appears cautiously optimistic based on current trends and data. Should the population continue to grow at or above the current rate of 7.1%, it can be anticipated that demand for housing will persistently drive property values upward. The continuation of this trend may lead to further increases in median house and apartment prices over time.
However, prospective investors and stakeholders should monitor key economic indicators such as employment rates, regional economic development initiatives, and interest rates as they can have significant impacts on real estate markets. While current signs are positive, maintaining vigilance on broader economic conditions will be critical for accurately forecasting future market performance in Rossburn.
