Real Estate Market Report for
Portage la Prairie, MB

Updated : Aug 2016
House
  • Median price $224,950
  • Monthly growth 8.43 %
  • Quarterly trend
  • Stock on market 1.88%
Apartment
  • Median price $4,250,000
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.07%
Portage la Prairie Home Price

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Across the country as a whole, Portage la Prairie is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

Portage la Prairie, Manitoba has a median house price of $224,950 when compiling all the home listings in Aug .

Investors looking for properties in Portage la Prairie are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.

This month we track 4th neighbourhoods in Manitoba, and Portage la Prairie has the 4th most choice available for real estate investors.

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

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Portage la Prairie, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 120, this month we show 106.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Portage la Prairie is number 1 putting it ahead of most neighbourhoods .

The median house price listed in Portage la Prairie this month is $4,250,000.

Manitoba has the sixth most amount of properties available to property investors, with Portage la Prairie having 12th most in the province, out of a total of 25.

Is Portage la Prairie a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

Over the last three months in Portage la Prairie, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Beds Median price (House) Median price (Apartment)
1 bedroom $56,200
2 bedrooms $142,400
3 bedrooms $199,950
4 bedrooms $239,900
5 bedrooms $422,450
6 bedrooms $399,450
Demographics
  • Population in 201112996
  • Population in 200612728
  • 2006 to 2011 population change (%)2.1
  • Total private dwellings5649
  • Private dwellings occupied by usual residents5391
  • Population density per square kilometre526.7
  • Land area (square km)24.67
  • Age Characteristics
    Total population by age groups 12995
    0 to 4 years 845
    5 to 9 years 810
    10 to 14 years 800
    15 to 19 years 950
    15 years 180
    16 years 180
    17 years 190
    18 years 205
    19 years 195
    20 to 24 years 820
    25 to 29 years 745
    30 to 34 years 690
    35 to 39 years 700
    40 to 44 years 795
    45 to 49 years 950
    50 to 54 years 1010
    55 to 59 years 880
    60 to 64 years 745
    65 to 69 years 590
    70 to 74 years 460
    75 to 79 years 420
    80 to 84 years 375
    85 years and over 420
    Median age of the population 40.8
    % of the population aged 15 and over 81.2
  • Marital Status
    Total population 15 years and over by marital status 10545
    Married or living with a common-law partner 5470
    Married (and not separated) 4525
    Living common-law 945
    Not married and not living with a common-law partner 5075
    Single (never legally married) 3170
    Separated 285
    Divorced 675
    Widowed 940
    Family Characteristics
    Total number of census families in private households 3460
    Size of census family: 2 persons 1820
    Size of census family: 3 persons 715
    Size of census family: 4 persons 600
    Size of census family: 5 or more persons 325
    Total number of census families in private households 3465
    Total couple families by family structure and number of children 2680
    Married couples 2210
    Without children at home 1195
    With children at home 1015
    1 child 375
    2 children 435
    3 or more children 200
    Common-law couples 470
    Without children at home 225
    With children at home 240
    1 child 100
    2 children 80
    3 or more children 55
    Total lone-parent families by sex of parent and number of children 780
    Female parent 635
    1 child 305
    2 children 200
    3 or more children 130
    Male parent 150
    1 child 90
    2 children 35
    3 or more children 20
    Total children in census families in private households 3815
    Under six years of age 985
    6 to 14 years 1425
    15 to 17 years 480
    18 to 24 years 630
    25 years and over 295
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 12395
    Number of persons not in census families 2435
    Living with relatives 255
    Living with non-relatives only 350
    Living alone 1825
    Number of census family persons 9960
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 2030
    Number of persons not in census families aged 65 years and over 880
    Living with relatives 35
    Living with non-relatives only 30
    Living alone 815
    Number of census family persons aged 65 years and over 1150
    Total number of private households by household type 5390
    Census-family households 3395
    One-family-only households 3150
    Couple-family households 2520
    Without children 1350
    With children 1165
    Lone-parent-family households 635
    Other family households 245
    One-family households with persons not in a census family 180
    Couple-family households 95
    Without children 45
    With children 55
    Lone-parent-family households 85
    Two-or-more-family households 65
    Non-census-family households 1995
    One-person households 1830
    Two-or-more-person households 165
    Total number of occupied private dwellings by structural type of dwelling 5390
    Single-detached house 3880
    Apartment, building that has five or more storeys 205
    Movable dwelling 80
    Other dwelling 1220
    Semi-detached house 130
    Row house 300
    Apartment, duplex 45
    Apartment, building that has fewer than five storeys 735
    Other single-attached house 10
    Total number of private households by household size 5390
    1 person 1825
    2 persons 1805
    3 persons 730
    4 persons 615
    5 persons 270
    6 or more persons 150
    Number of persons in private households 12395
    Average number of persons in private households 2.3
Census 2011

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