Home prices in Brandon are trending upward, although the amount of growth varies depending on the type of property and its location.
Brandon Area Realtors statistics show the average home price rose 5.7 per cent year-over-year, reaching $354,000 in the third quarter of 2026.
“Different segments can see varying increases. Residential properties may be up slightly more than condos, and location within the city can also have an impact,” said Brad Hardy, realtor broker.
Recent condo development in Brandon has increased supply, helping keep price increases more modest. However, home sales have also declined.
Brandon Area Realtors reports that September home sales were two per cent below the five-year average and 8.7 per cent below the 10-year average.
Hardy said the decline is partly due to the return of a more traditional seasonal market.
“We expect busier markets in the spring and potentially the fall, with slower periods in between depending on the weather and timing. It won’t be like COVID, when the market was consistently busy throughout the year.”
Hardy said Brandon’s shorter warm-weather season contributes to those seasonal trends.
“People take advantage of the warmer weather, as it’s harder to get out and view homes when temperatures drop to -50 C.”
As for whether it’s the right time to buy a home, Hardy said it ultimately depends on the individual.
“When someone is ready to buy or sell, that’s the best time to do it. Trying to time the market is difficult because you never know what might happen next month.”
Hardy believes Brandon will continue to be an affordable place to live compared to larger Canadian centres, but says more housing options are needed.
“I don’t think larger centres will have a major influence on our market. Growth will come from our local community, and we could certainly use more housing stock across all areas.”
Hardy said building between 75 and 150 new housing units annually could help maintain a healthy supply, with a mix of housing types needed.
“Building 75 to 150 new units a year would help meet demand. That could include traditional residential homes, different types of condos, apartment-style units and even mobile homes, which offer another affordable option for people looking to enter the housing market.”
