Wasagaming, 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 Wasagaming, Manitoba is currently experiencing steady growth. With a median house price of $500,000, there has been an increase of 3.5% year-over-year, reflecting a relatively healthy demand for single-family homes. Similarly, apartments are also seeing a positive trend with a median price of $300,000 and a growth rate of 2.1% year-over-year. The population of Wasagaming stands at 15,000 and has witnessed a significant population growth of 7.1%, which may be indicative of increasing demand for housing in the area.
Investment Opportunities and Potential
The consistent growth in property values coupled with the population increase suggests that Wasagaming presents favorable conditions for real estate investment. Single-family homes show stronger appreciation, which might attract investors looking for capital gains in the medium to long term. Meanwhile, the apartment market offers potential for rental income streams due to their lower entry price point and stable appreciation rate. Investors should consider both current market trends and demographics to make informed decisions on property types and target markets for rentals.
Future Market Outlook
Looking ahead, the future market outlook for Wasagaming remains positive. The ongoing population growth is likely to sustain demand for housing. If economic conditions remain stable and interest rates are conducive to mortgage borrowing, we can expect continued growth in both the house and apartment markets. The current trends suggest that property values will keep ascending at a moderate pace, making Wasagaming an attractive location for both residential buyers and real estate investors seeking long-term returns on investment.
