Cartier, 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
1. Current Market Conditions and Trends
In Cartier, Manitoba, the real estate market has been experiencing a steady growth in terms of property values. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This indicates a robust and growing market that continues to attract homeowners and investors alike. Similarly, apartments have seen a positive trend with the median price at $300,000 and a growth rate of 2.1% over the past year.
The demographic profile of Cartier is also on an upward trajectory with the population growing by 7.1%, signaling a burgeoning community that is likely to drive demand for housing further. These statistics suggest that Cartier’s real estate market is currently in a healthy state with both residential properties and apartments appreciating at a stable rate.
2. Investment Opportunities and Potential
The data points towards Cartier being a promising location for real estate investment. The consistent appreciation in property values offers potential for capital gains in the medium to long term. Given the steady population growth rate of 7.1%, there is an expected increase in demand for housing which could sustain or even push prices higher.
Investors looking to capitalize on rental income may find opportunities in the apartment sector, given their lower entry price point and solid appreciation trend of 2.1% year-over-year. The rise in population could also translate into a higher demand for rental units, potentially leading to favourable rental yields.
3. Future Market Outlook
The future outlook for the Cartier real estate market remains optimistic based on current trends and demographic indicators. If the population continues to grow at the current pace or higher, it will likely result in increased demand for both ownership and rental properties.
The stable growth rates of 3.5% for houses and 2.1% for apartments suggest confidence in the local economy and its ability to support ongoing real estate appreciation without showing signs of overheating or bubbles.
In conclusion, Cartier’s real estate market appears poised for continued growth with sound investment opportunities, particularly if current economic conditions hold steady and population trends maintain their upward direction.
