Real Estate Market Report for
Morden, MB

Updated : Aug 2016
House
  • Median price $259,900
  • Monthly growth 5.22 %
  • Quarterly trend
  • Stock on market 2.00%
Apartment
  • Median price $198,000
  • Monthly growth 17.15 %
  • Quarterly trend
  • Stock on market 0.15%
Morden Home Price

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The median house price listed in Morden this month is $259,900.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

There are 250 neighbourhoods that have more properties on sale than Morden at the moment in Manitoba which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

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

In Morden, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Morden is number 594 putting it in the bottom half of the country .

The median house price listed in Morden this month is $198,000.

2 bedroom properties are the most common available for real estate investors this month in neighbourhood.

This month we track 11th neighbourhoods in Manitoba, and Morden has the 11th most choice available for real estate investors.

As one of Manitoba’s many potential real estate investment neighbourhoods, Morden needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

If you are looking at investment properties in Morden, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.

Beds Median price (House) Median price (Apartment)
2 bedrooms $234,950 $198,000
3 bedrooms $229,000
4 bedrooms $299,900
5 bedrooms $329,500
Demographics
  • Population in 20117812
  • Population in 20066571
  • 2006 to 2011 population change (%)18.9
  • Total private dwellings3250
  • Private dwellings occupied by usual residents3171
  • Population density per square kilometre476.7
  • Land area (square km)16.39
  • Age Characteristics
    Total population by age groups 7810
    0 to 4 years 605
    5 to 9 years 510
    10 to 14 years 445
    15 to 19 years 540
    15 years 90
    16 years 105
    17 years 120
    18 years 105
    19 years 120
    20 to 24 years 485
    25 to 29 years 525
    30 to 34 years 525
    35 to 39 years 505
    40 to 44 years 475
    45 to 49 years 490
    50 to 54 years 485
    55 to 59 years 440
    60 to 64 years 400
    65 to 69 years 340
    70 to 74 years 300
    75 to 79 years 230
    80 to 84 years 210
    85 years and over 305
    Median age of the population 37.9
    % of the population aged 15 and over 80.1
  • Marital Status
    Total population 15 years and over by marital status 6255
    Married or living with a common-law partner 4010
    Married (and not separated) 3710
    Living common-law 305
    Not married and not living with a common-law partner 2245
    Single (never legally married) 1335
    Separated 135
    Divorced 270
    Widowed 505
    Family Characteristics
    Total number of census families in private households 2230
    Size of census family: 2 persons 1150
    Size of census family: 3 persons 405
    Size of census family: 4 persons 435
    Size of census family: 5 or more persons 240
    Total number of census families in private households 2225
    Total couple families by family structure and number of children 1980
    Married couples 1830
    Without children at home 940
    With children at home 890
    1 child 285
    2 children 385
    3 or more children 220
    Common-law couples 155
    Without children at home 85
    With children at home 70
    1 child 30
    2 children 20
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 245
    Female parent 185
    1 child 85
    2 children 70
    3 or more children 30
    Male parent 60
    1 child 40
    2 children 15
    3 or more children 5
    Total children in census families in private households 2310
    Under six years of age 695
    6 to 14 years 835
    15 to 17 years 305
    18 to 24 years 375
    25 years and over 100
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 7660
    Number of persons not in census families 1140
    Living with relatives 90
    Living with non-relatives only 155
    Living alone 895
    Number of census family persons 6520
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 1265
    Number of persons not in census families aged 65 years and over 435
    Living with relatives 20
    Living with non-relatives only 5
    Living alone 410
    Number of census family persons aged 65 years and over 830
    Total number of private households by household type 3170
    Census-family households 2205
    One-family-only households 2115
    Couple-family households 1910
    Without children 985
    With children 920
    Lone-parent-family households 205
    Other family households 95
    One-family households with persons not in a census family 70
    Couple-family households 45
    Without children 20
    With children 25
    Lone-parent-family households 25
    Two-or-more-family households 20
    Non-census-family households 970
    One-person households 900
    Two-or-more-person households 70
    Total number of occupied private dwellings by structural type of dwelling 3170
    Single-detached house 2310
    Apartment, building that has five or more storeys 40
    Movable dwelling 155
    Other dwelling 665
    Semi-detached house 110
    Row house 200
    Apartment, duplex 30
    Apartment, building that has fewer than five storeys 315
    Other single-attached house 5
    Total number of private households by household size 3170
    1 person 895
    2 persons 1145
    3 persons 410
    4 persons 455
    5 persons 185
    6 or more persons 75
    Number of persons in private households 7665
    Average number of persons in private households 2.4
Census 2011

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