Stlazare, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $560,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in St. Lazare, Manitoba, has been experiencing a steady growth with the median house price currently at $485,000, reflecting a year-over-year increase of 3.2%. This suggests that the market is healthy and appreciating at a modest rate. Similarly, apartments in St. Lazare have seen a price trend increase of 1.9% year-over-year, with the median apartment price now standing at $295,000. These trends indicate a growing demand for housing in the area.
Investment Opportunities and Potential
The consistent growth in house and apartment prices points to solid investment opportunities within the St. Lazare real estate market. The moderate appreciation rate for single-family homes suggests that investments in this segment could yield stable returns. Given the current median apartment price trend, multi-family units and rental properties also present viable investment prospects. With a population growth rate of 3.3%, it is likely that demand for both rental and owner-occupied housing will continue to rise, potentially leading to tighter market conditions and upward pressure on prices.
Future Market Outlook
The future market outlook for St. Lazare’s real estate appears positive. The population of approximately 15,500 is on an upward trajectory with a growth rate of 3.3%, which may lead to increased demand for housing. If the current trends persist, investors can expect continued appreciation in property values over time, albeit at a sustainable pace that maintains affordability for new entrants into the market.
In summary, St. Lazare offers promising opportunities for both homebuyers and investors alike, with expectations of ongoing growth supported by strong fundamentals such as population increase and steady economic conditions in the region.
