Birtle, 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 (2025) | 15,000 |
| Previous Population (2020) | 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
The real estate market in Birtle, Manitoba currently presents a stable and growing investment environment. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. This indicates a steady appreciation of property values in the area, suggesting that the housing market remains robust. Meanwhile, the median apartment price stands at $300,000, with a more moderate growth rate of 2.1% year-over-year. The consistent growth in both housing and apartment prices points to sustained demand and a balanced market.
Investment Opportunities and Potential
Birtle’s real estate market shows promising potential for investors looking to capitalize on the upward trends. The town’s population has grown by 7.1%, signaling an influx of new residents and potential renters or buyers. This demographic shift could drive demand for both rental properties and homeownership. Given the steady increase in property values, investors may find long-term capital gains in purchasing residential properties now, while the entry price is still accessible compared to larger markets.
Future Market Outlook
The future outlook for Birtle’s real estate market appears optimistic. The current growth trends are expected to continue, driven by the town’s increasing population and demand for housing. If these demographic and economic indicators remain positive, Birtle could see ongoing appreciation in property values, making it an attractive location for both living and investing. However, potential investors should also consider local economic factors, infrastructure developments, and employment opportunities as these will play crucial roles in sustaining the town’s real estate momentum.
