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
Current Market Conditions and Trends
The real estate market in Transcona, Manitoba is currently experiencing a period of steady growth. With a median house price sitting at $500,000, the year-over-year increase has been observed at 3.5%. This suggests a healthy demand for single-family homes, likely driven by favorable economic conditions and demographic shifts within the area.
A similar, albeit slightly slower trend is seen in the multi-family dwelling segment, where the median apartment price is currently $300,000, with a growth trend of 2.1% over the past year. The market reflects a balanced demand for both housing types, although houses are appreciating at a slightly faster rate than apartments.
The population of Transcona stands at approximately 15,000 residents with a robust growth rate of 7.1%. This rapid population increase is indicative of an attractive local economy and could be contributing to the steady rise in property values as demand for housing grows.
Investment Opportunities and Potential
The current trends in Transcona’s real estate market point towards promising investment opportunities, especially considering the sustained population growth. The consistent appreciation in property values for both houses and apartments makes Transcona an appealing location for both short-term investors looking for capital gains and long-term investors seeking stable rental income.
The stronger growth rate in house prices suggests that investment in single-family homes may offer better capital appreciation potential in the near term. However, apartments should not be overlooked, as they present an affordable entry point into the market for both renters and investors alike.
Given the region’s expanding population, new development projects could meet the increasing housing demand and offer additional investment avenues. Investors would be wise to monitor zoning changes and development plans that could signal new opportunities.
Future Market Outlook
The future outlook for Transcona’s real estate market remains positive. Considering the solid population growth coupled with consistent property value appreciation rates, we can anticipate continued demand for housing in this region. Barring any unforeseen economic downturns or policy changes that negatively affect the housing market, these trends are likely to persist.
In light of these factors, investors can remain cautiously optimistic about entering or expanding their portfolios in Transcona’s real estate market. It will be important to stay informed on local economic developments and infrastructure investments which may further drive growth or alter existing trends.
Careful monitoring of interest rates, employment figures, and migration patterns will also be crucial in assessing the long-term stability and profitability of investments in this burgeoning Manitoba community.