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
In Birtle, Manitoba, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This increment is indicative of a healthy demand for housing in the area. Meanwhile, the median apartment price is currently $300,000, with a more modest growth rate of 2.1% year-over-year.
The town’s population of 15,000 has grown by 7.1%, suggesting a burgeoning community that could be contributing to the rising housing demand. This population growth may be due to Birtle’s appeal to individuals seeking a balance between rural living and access to essential amenities.
Investment Opportunities and Potential
The consistent upward trend in property values reflects positively on Birtle’s investment potential. The robust population growth paired with appreciation in property prices suggests that demand for housing will continue, making it an attractive market for residential real estate investment.
For investors considering rental properties, the relatively higher increase in house prices compared to apartments may indicate a potentially higher return on investment for single-family homes over multi-family dwellings. Additionally, as the population continues to grow, new developments and refurbishments of existing properties could present lucrative opportunities for investors looking to cater to various segments of the market.
Future Market Outlook
The future outlook for Birtle’s real estate market remains optimistic. Given the solid population growth and consistent property value appreciation, it is reasonable to expect that these trends will persist in the short to medium term. The sustained increase in home values suggests confidence in the local economy and the potential for ongoing demand for housing.
If current trends continue, investors can reasonably anticipate continued appreciation in property values, making Birtle an appealing market for both short-term and long-term real estate investments. However, potential investors should also consider economic factors such as employment rates, local industry performance, and infrastructure development plans as they may influence future market conditions.
