Deloraine, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.7% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
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, currently showcases a stable and positive trajectory. The median house price rests at $485,000, marking a 2.9% year-over-year increase. This growth indicates a consistent demand for housing in the area. Similarly, the median apartment price has reached $295,000, with a slightly lower growth rate of 1.7% year-over-year. These patterns suggest a steady real estate market that is maintaining its upward momentum.
Additionally, Deloraine’s population has grown to 15,000 residents, reflecting a significant growth rate of 3.4%. This population influx is likely contributing to the current housing demand and could be tied to new employment opportunities or an expanding local economy.
Investment Opportunities and Potential
The current market conditions in Deloraine present attractive investment opportunities. The steady growth in property values coupled with the rising population suggests that there is ongoing and potentially increasing demand for housing. Investors can capitalize on this by acquiring properties that will likely appreciate over time.
The slower growth rate in apartment prices compared to houses may point towards an opportunity for investors to enter the market at a more accessible price point while still participating in the overall upward trend of the region’s real estate landscape.
Future Market Outlook
Looking ahead, the future market outlook for Deloraine, Manitoba appears promising. The consistent rise in house and apartment prices indicates that the real estate market is healthy and robust. Furthermore, given the strong population growth rate of 3.4%, it can be anticipated that housing demand will continue to increase.
This demographic trend bodes well for both residential stability and potential rental market expansion. As such, investors should consider long-term strategies that align with these growth patterns. However, as with any investment, it’s important to monitor local economic factors and development plans which could impact future real estate performance in Deloraine.
