Clanwilliam, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 14,800 |
| Previous Population (2020) | 14,500 |
| Population Change | 2.1% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Clanwilliam, Manitoba is currently experiencing steady growth. With a median house price of $490,000 and a year-over-year increase of 3%, the market is showing healthy appreciation for residential properties. Similarly, the median apartment price stands at $295,000, which has also seen a rise, albeit at a slightly lower rate of 1.8% year-over-year. These statistics indicate a consistent upward trend in property values within the region.
The population of Clanwilliam has been growing at a rate of 2.1%, suggesting an increasing demand for housing. This demographic trend supports the ongoing strength in the housing market and may be a contributing factor to the observed price increases. The sustained population growth, alongside positive pricing trends, signals a robust market condition that is likely to persist in the short term.
Investment Opportunities and Potential
Given Clanwilliam’s current market conditions, there are several opportunities for investment. The continued appreciation in house prices offers potential for long-term capital gains for investors targeting residential properties. Moreover, the stable growth in apartment prices can appeal to investors looking for more affordable entry points into the real estate market or seeking rental income properties.
The steady population growth not only sustains demand but may also lead to a tightened housing supply, potentially driving prices upward further and creating opportunities for new development projects. Investors might find particular potential in new housing developments or in renovating existing properties to cater to the growing population’s needs.
Future Market Outlook
The future real estate market outlook for Clanwilliam remains optimistic based on current trends and demographic data. Assuming continuous population growth and economic stability, the demand for housing is expected to remain strong. This could result in sustained or possibly increased rates of property value appreciation over the coming years.
However, investors should remain aware of broader economic factors that could impact interest rates and affordability—key elements that can influence buyer activity and real estate market dynamics. Monitoring local developments in infrastructure and employment will also be crucial since these factors are known to affect real estate markets significantly.
In conclusion, Clanwilliam presents a promising environment for both residential property buyers and real estate investors, backed by positive trends in property values and demographic growth. Caution should be exercised with respect to external economic influences when projecting long-term outcomes for the region’s real estate market.
