Waskada, 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 (2024) | 15,000 |
| Previous Population (2019) | 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
In Waskada, Manitoba, the real estate market is currently showing signs of moderate growth. With a median house price sitting at $500,000, there has been a steady increase of 3.5% year-over-year. The apartment sector follows a similar trend, albeit at a slightly slower pace, with a median price of $300,000 and an annual growth rate of 2.1%. These statistics indicate a healthy and expanding market that is moving in line with inflationary trends.
The local population of 15,000 residents has risen by an impressive 7.1%, which suggests a burgeoning community with increasing demand for housing. This demographic growth may be contributing to the sustained increase in property values as supply strives to meet demand.
Investment Opportunities and Potential
The positive trajectory of Waskada’s population and property prices points to promising investment opportunities. The consistent upward movement in home values offers potential for capital appreciation over time. Long-term investors may find particular value in single-family homes given their higher rate of appreciation compared to apartments.
For those seeking more affordable entry points or diversification within the real estate market, apartment units could be attractive due to their lower median price point but still positive growth trend. Rental properties might also offer viable returns given the population growth, as there could be increased demand for rental accommodations from new residents who are not yet ready or able to buy.
Future Market Outlook
The future outlook for Waskada’s real estate market is cautiously optimistic. If current trends persist—moderate price growth coupled with significant population increases—the market could continue to represent a stable environment for both homeowners and investors alike.
The ongoing influx of residents bodes well for both the sales and rental sectors, potentially sustaining demand for housing across all types. However, it will be important for investors and stakeholders to monitor any economic or policy changes that could impact interest rates or employment levels in the area, as these factors can have significant effects on the real estate market’s trajectory.
To conclude, Waskada’s real estate market shows potential for continued growth and represents an appealing option for both residential buyers and real estate investors. As always, thorough due diligence and consideration of individual financial circumstances are recommended before making any investment decisions.
