Real Estate Market Report for
Elma, MB

Updated : Aug 2016
House
  • Median price $137,400
  • Monthly growth -8.33 %
  • Quarterly trend
  • Stock on market 0.27%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Elma Home Price

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When looking across the province, Elma is the 202th most expensive in Manitoba.

The median house price listed in Elma this month is $137,400.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Elma has not many at all compared to the rest of the province

Will prices rise across the next year in in Elma? There are a number of real estate indicators to consider.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Elma have stayed pretty much the same which would tend to indicate that demand is steady.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

When we look at the data we have, it can help with trying to establish whether or not Elma is a good investment target.

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Beds Median price (House) Median price (Apartment)
6 bedrooms $264,450
Demographics
  • Population in 20111548
  • Population in 20061480
  • 2006 to 2011 population change (%)4.6
  • Total private dwellings745
  • Private dwellings occupied by usual residents597
  • Population density per square kilometre2.2
  • Land area (square km)703.02
  • Age Characteristics
    Total population by age groups 1545
    0 to 4 years 65
    5 to 9 years 85
    10 to 14 years 95
    15 to 19 years 110
    15 years 20
    16 years 20
    17 years 25
    18 years 25
    19 years 20
    20 to 24 years 85
    25 to 29 years 75
    30 to 34 years 80
    35 to 39 years 60
    40 to 44 years 85
    45 to 49 years 120
    50 to 54 years 135
    55 to 59 years 145
    60 to 64 years 110
    65 to 69 years 75
    70 to 74 years 75
    75 to 79 years 50
    80 to 84 years 50
    85 years and over 40
    Median age of the population 46.1
    % of the population aged 15 and over 83.7
  • Marital Status
    Total population 15 years and over by marital status 1295
    Married or living with a common-law partner 785
    Married (and not separated) 705
    Living common-law 75
    Not married and not living with a common-law partner 515
    Single (never legally married) 325
    Separated 20
    Divorced 75
    Widowed 90
    Family Characteristics
    Total number of census families in private households 405
    Size of census family: 2 persons 230
    Size of census family: 3 persons 65
    Size of census family: 4 persons 60
    Size of census family: 5 or more persons 45
    Total number of census families in private households 405
    Total couple families by family structure and number of children 370
    Married couples 330
    Without children at home 180
    With children at home 150
    1 child 55
    2 children 50
    3 or more children 40
    Common-law couples 40
    Without children at home 25
    With children at home 15
    1 child 0
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 40
    Female parent 25
    1 child 15
    2 children 5
    3 or more children 5
    Male parent 10
    1 child 10
    2 children 5
    3 or more children 0
    Total children in census families in private households 405
    Under six years of age 65
    6 to 14 years 145
    15 to 17 years 60
    18 to 24 years 95
    25 years and over 40
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 1420
    Number of persons not in census families 235
    Living with relatives 25
    Living with non-relatives only 20
    Living alone 190
    Number of census family persons 1185
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 265
    Number of persons not in census families aged 65 years and over 90
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 80
    Number of census family persons aged 65 years and over 170
    Total number of private households by household type 595
    Census-family households 400
    One-family-only households 380
    Couple-family households 350
    Without children 195
    With children 155
    Lone-parent-family households 30
    Other family households 20
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 5
    Non-census-family households 200
    One-person households 190
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 595
    Single-detached house 545
    Apartment, building that has five or more storeys 0
    Movable dwelling 30
    Other dwelling 20
    Semi-detached house 0
    Row house 0
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 10
    Total number of private households by household size 595
    1 person 185
    2 persons 220
    3 persons 70
    4 persons 65
    5 persons 35
    6 or more persons 25
    Number of persons in private households 1415
    Average number of persons in private households 2.4
Census 2011

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