Delta, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| 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 Delta, Manitoba currently exhibits a stable growth pattern. The median house price stands at $485,000, with a year-over-year increase of 4%. This suggests a healthy demand for single-family homes and a competitive market environment. Similarly, the median apartment price has reached $295,000, climbing by 2.5% from the previous year, indicating sustained interest in more affordable housing units.
The local population has grown to 15,500 residents, with a notable growth rate of 3.3%. This demographic expansion underpins the increased housing demand and contributes to the upward pressure on property prices in Delta. As more people move into the area, seeking employment or lifestyle opportunities, it is reasonable to expect continued vibrancy in the housing market.
Investment Opportunities and Potential
For investors considering the Delta real estate market, several factors highlight its potential. The consistent growth in house and apartment prices points to robust investment returns for those acquiring properties for rental or resale purposes. Given that both housing types have experienced steady appreciation, Delta presents a balanced opportunity for investors with diverse portfolios.
The ongoing population growth further enhances Delta’s attractiveness as an investment destination. A growing population typically results in increased rental demand, which can lead to higher occupancy rates and rental yields for property owners. Consequently, investors might find particular potential in multi-unit residential buildings or developments catering to new residents.
Future Market Outlook
The future outlook for Delta’s real estate market remains positive based on current trends and demographic data. If the population continues to rise at the current rate of 3.3%, demand for housing will likely persist, possibly driving further price increases across both houses and apartments.
In addition to demographic drivers, economic factors such as employment rates and local industry growth will influence the market’s trajectory. Assuming no significant negative economic shifts occur, Delta’s real estate sector could maintain its upward trend over the mid to long term.
Careful monitoring of interest rate changes and government housing policies is advisable as these can impact affordability and investment attractiveness. However, with prudent investment strategies and attentive market analysis, stakeholders can leverage Delta’s promising real estate dynamics.
