Transcona, 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
1. Current Market Conditions and Trends
The real estate market in Transcona, Manitoba is currently experiencing steady growth as indicated by the year-over-year statistics. The median house price in the area stands at $500,000, with an appreciative trend of 3.5%. This suggests that houses in Transcona are gaining value at a moderate pace, reflecting healthy demand and a stable market.
Apartments are also showing positive momentum with the median price set at $300,000 and a growth trend of 2.1% year-over-year. Although this growth is slightly slower than that of houses, it nonetheless indicates a consistent appreciation in value for this type of property.
The population of Transcona is currently around 15,000 residents, with a robust growth figure of 7.1%. This demographic expansion is likely to contribute to ongoing demand for housing in both the purchase and rental markets.
2. Investment Opportunities and Potential
The growing population and steadily increasing property values suggest that Transcona presents promising investment opportunities. The continuous rise in median house prices implies a strong potential for capital gains for those investing in residential properties.
Apartments offer an alternative entry point for investors, with a lower median price point but still presenting a consistent appreciation trend. Investors might also explore the possibility of catering to the rental market, which is likely to expand alongside the population growth, potentially providing stable rental income streams.
The market trends offer a balanced risk-reward scenario for both short-term and long-term investors. Short-term investors might focus on flipping properties amidst an appreciating market, while long-term investors could benefit from both rental incomes and capital appreciation over time.
3. Future Market Outlook
The current trajectory suggests that Transcona’s real estate market will continue to grow steadily in the foreseeable future. The combination of population growth and rising property values is indicative of sustained demand and a robust local economy which bodes well for real estate investments.
If these trends persist, we can expect further incremental increases in property values across both houses and apartments. However, it’s important to note that external economic factors could influence these predictions – such as changes in interest rates, employment levels, and provincial or federal housing policies.
In conclusion, Transcona represents a vibrant market with healthy indicators for both immediate investment potential and future growth prospects. Careful consideration of broader economic factors should be taken into account when making investment decisions in this promising region.
