Carberry, 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 Carberry, Manitoba currently showcases steady growth. The median house price stands at CAD $500,000, with a year-over-year increase of 3.5%. This suggests that the housing market is experiencing moderate appreciation, reflecting a stable demand for residential properties. Similarly, the median apartment price has reached CAD $300,000, climbing at a somewhat slower pace with a 2.1% year-over-year trend. These figures indicate a consistent climb in property values across different housing types.
The population of Carberry has reached 15,000 residents with an impressive growth rate of 7.1%. This demographic expansion can be attributed to factors such as employment opportunities, lifestyle amenities, and the town’s appeal to both retirees and working professionals. The influx of new residents is expected to maintain pressure on the housing stock, thereby potentially driving further price gains over time.
Investment Opportunities and Potential
Given the current market trends and population growth, investment potential in Carberry’s real estate market appears promising. The steady increase in property values indicates that investments made today could yield favorable returns in the form of capital gains over the medium to long term. Furthermore, the town’s robust population growth enhances the likelihood of sustained rental demand, which could make rental properties an attractive option for investors seeking stable cash flow.
Investors looking at long-term asset appreciation should consider single-family homes due to their stronger year-over-year price trend. Meanwhile, those interested in entering the market at a lower price point might find apartments appealing given their relative affordability and good prospects for rental income.
Future Market Outlook
The future outlook for Carberry’s real estate market remains optimistic based on current data. The ongoing population growth serves as a strong indicator that demand for housing will continue to rise. If this demographic trend persists alongside economic stability or growth within the region, it is reasonable to anticipate that property prices may continue on an upward trajectory.
However, potential investors and stakeholders must also remain vigilant about external factors such as interest rate changes and broader economic shifts which can influence buyer affordability and thus impact market dynamics. In conclusion, while present indicators point towards a positive outlook for Carberry’s real estate market, maintaining an informed perspective on wider economic conditions is crucial for successful investment decisions.
