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
The real estate market in Rossendale, Manitoba, has been experiencing a steady growth. The median house price in the region is currently $500,000, reflecting a year-over-year increase of 3.5%. This indicates a stable and growing housing market that is attracting homeowners and investors alike. Additionally, the median apartment price stands at $300,000 with a slower yet consistent annual growth of 2.1%. These statistics suggest that both segments of the housing market are on an upward trajectory.
The population of Rossendale has seen a significant rise of 7.1%, which may be contributing to the increased demand for housing. This demographic shift is an important factor to consider as it drives the need for more residential properties and can affect future market performance.
Investment Opportunities and Potential
With the steady increase in property values, investment opportunities within Rossendale seem promising. The housing market’s performance, especially with single-family homes, makes it an attractive option for long-term real estate investors seeking capital appreciation. Given the consistent rise in apartment prices as well, purchasing rental properties could be beneficial for those looking to generate passive income through rent.
The positive population growth rate further underscores the potential for real estate investments in Rossendale. As more people move into the area, demand for rental properties is likely to increase, potentially leading to higher rental yields for investors. Moreover, new residential developments may arise to accommodate this influx, presenting opportunities for investment in new construction projects.
Future Market Outlook
Looking ahead, the real estate market in Rossendale appears poised for continued growth. If current trends persist—namely the positive population growth and steady increase in property values—Rossendale’s real estate market should remain robust. Investors and homebuyers can reasonably expect ongoing appreciation of property values over time.
However, potential investors and current homeowners should monitor economic indicators and remain aware of any changes in local policies that could impact the housing market. Factors such as interest rates, employment rates, and infrastructure development will also play crucial roles in shaping the future outlook of Rossendale’s real estate landscape.
