Rossendale, 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 Rossendale, Manitoba, the real estate market presents a stable and growing environment. As indicated by recent statistics, the median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This growth trend suggests a healthy demand for housing in the area, likely driven by various factors including local economic development and the town’s appeal to homebuyers seeking a balance between rural and accessible living.
Similarly, the market for apartments shows a positive trajectory with the median apartment price at $300,000, which has seen a more modest but consistent year-over-year increase of 2.1%. This data indicates that smaller housing units are also in demand, possibly catering to professionals or smaller families looking for more affordable housing options in Rossendale.
The population of Rossendale has reached approximately 15,000 residents, experiencing a significant growth rate of 7.1%. This demographic expansion is a key driver behind the robust real estate market as it signals an inflow of new residents in need of housing.
Investment Opportunities and Potential
The steady increase in property values coupled with ongoing population growth represents an attractive landscape for real estate investment in Rossendale. Investors looking to capitalize on market conditions can find opportunities both in the residential sector by purchasing properties to rent out or resell as market prices ascend, as well as potentially exploring commercial real estate given the expanding local consumer base.
The current trends also suggest that investment in apartments might be particularly strategic due to their lower entry price point and growing demand. This could be especially appealing for first-time investors or those with limited capital looking to take advantage of the appreciating apartment segment.
Future Market Outlook
The future outlook for Rossendale’s real estate market remains optimistic. Given the continuing population growth and consistent rise in property values, there is an expectation that the market will maintain its upward trajectory. The town’s ability to attract new residents—presumably because of its lifestyle offerings, employment opportunities, or other local amenities—indicates that both demand for housing and real estate investment potential will remain strong.
However, it is important for investors and stakeholders to closely monitor external economic factors that could influence interest rates, lending policies, and overall affordability which can have substantial effects on buyer behavior. Additionally, staying informed about any planned infrastructure projects or changes in local regulations can provide valuable insights into future market directions.
