Elie, 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
Current Market Conditions and Trends
In Elie, Manitoba, the real estate market is currently experiencing stable growth. With a median house price of $500,000, the year-over-year trend shows a healthy increase of 3.5%. This suggests that the housing market in Elie is on an upward trajectory, which is further supported by the town’s expanding population, boasting a significant growth rate of 7.1%. The market for apartments is also showing positive momentum with a median apartment price of $300,000, coupled with a more modest year-over-year growth rate of 2.1%. These statistics point towards a balanced market with consistent demand for both houses and apartments.
Investment Opportunities and Potential
The investment landscape in Elie presents numerous opportunities, especially considering its growing population and steady price appreciation. Investors looking to capitalize on residential properties may find that the current conditions are ripe for long-term capital gains. The steady rise in median house prices indicates room for continued growth, making single-family homes particularly attractive for both rental markets and resale prospects. Apartments offer a lower entry point at $300,000, appealing to investors who prefer a more affordable investment or seek to diversify their portfolio across multiple units.
Future Market Outlook
The future outlook for Elie’s real estate market remains optimistic. As the population is on an upward trend—growing at 7.1%—the demand for housing is expected to rise correspondingly. This demographic expansion can drive further development in the area and potentially stimulate economic activity, thereby enhancing property values over time. Assuming that local economic conditions remain favorable and the national real estate climate continues to support buyer confidence, Elie’s market could sustain its current growth pattern. However, investors should monitor regional economic indicators and infrastructure developments closely as these factors will play a critical role in shaping the long-term trajectory of the real estate market.
