Teulon, 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 Teulon, Manitoba is experiencing a period of steady growth, as evidenced by the current market statistics. The median house price in the area stands at $500,000, with a healthy year-over-year increase of 3.5%. This suggests a stable and growing demand for single-family homes. Similarly, apartments are seeing a rise in value, with the median apartment price at $300,000 and a year-over-year trend showing a 2.1% increase.
This growth can be attributed to several factors, including an attractive living environment and economic stability that draws potential homeowners to the region. Additionally, Teulon’s population has seen significant growth at 7.1%, which may indicate increased demand for housing as more people move into the area.
Investment Opportunities and Potential
With a consistent increase in property values and a burgeoning population, Teulon presents promising investment opportunities. For investors looking to enter the residential market, the steady appreciation rates for both houses and apartments suggest that purchases made now could yield favourable returns over time.
In light of the population growth, there is potential for development projects aimed at expanding housing availability to meet the increasing demand. This could include new residential developments or renovation projects of existing properties. The current trends indicate that such investments would be well-positioned to capitalize on the continuous influx of residents and the overall positive trajectory of the real estate market in Teulon.
Future Market Outlook
The future market outlook for Teulon’s real estate appears optimistic. Given the solid annual growth rates for property prices and strong population increases, it is likely that demand for housing will continue to rise. This sustained demand should support further growth in property values over the coming years.
In addition to residential growth, there may also be opportunities in commercial real estate development to serve the expanding community. As long as economic conditions remain favourable and Teulon continues to attract new residents due to its appeal as a livable community with ample amenities, the real estate market is poised for ongoing prosperity.
However, investors should be aware of external factors such as interest rate changes or broader economic shifts that could affect local market conditions. Staying informed about both local and national economic indicators will be key in making wise investment decisions in Teulon’s evolving real estate landscape.
