Deloraine, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $450,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $280,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $380,000 |
| 3 bedrooms | $450,000 |
| 4 bedrooms | $550,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Deloraine, Manitoba is currently experiencing steady growth, with the median house price sitting at $450,000, marking a 3% increase year-over-year. Similarly, apartment prices have seen a growth of 2.5% from the previous year, with the median price reaching $280,000.
The population of Deloraine has grown to 15,000 residents, a notable increase of 3.4%. This growth suggests that the demand for housing is likely to continue its upward trend. The consistent price increases for both houses and apartments reflect a healthy market that is gradually appreciating in value.
Investment Opportunities and Potential
With a robust population growth rate of 3.4%, Deloraine presents attractive investment opportunities in the residential real estate sector. Given the steady increase in property values—houses at 3% and apartments at 2.5% year-over-year—investors can anticipate continued appreciation in their real estate assets over time.
The current median house price of $450,000 makes single-family homes accessible to investors with moderate budgets who are looking for long-term capital gains. Meanwhile, apartments priced at a median of $280,000 offer an affordable entry point for first-time investors seeking rental income or smaller-scale investments.
The growing population also indicates potential for new developments and increased rental demand, offering further opportunities for investors interested in building or managing rental properties.
Future Market Outlook
Given the current trends and data points, the future market outlook for Deloraine’s real estate sector appears positive. The consistent year-over-year price increases for both houses and apartments suggest that the market is likely to maintain its upward trajectory.
The strong population growth will continue to fuel demand for housing across all sectors—single-family homes, apartments, and rentals alike. As such, we can expect a steady rise in property values coupled with an expanding market for landlords and developers.
Investors should keep an eye on economic indicators and local development initiatives that could further influence market conditions. However, based on available data, Deloraine stands as a promising market for both new and seasoned real estate investors looking toward future growth.
