Erinview, 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
The real estate market in Erinview, Manitoba is currently experiencing stable growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market shows healthy appreciation rates that are attractive to homeowners seeking long-term value. Similarly, the apartment sector, with a median price of $300,000 and a growth trend of 2.1% year-over-year, suggests sustained demand in more affordable housing options.
The population of Erinview has grown by 7.1%, indicating a robust demographic expansion that could continue to fuel housing demand. This uptick in population suggests that both the sale and rental markets are poised for ongoing activity as new residents seek accommodation.
Investment Opportunities and Potential
Investors may find significant opportunities within Erinview’s growing real estate market. The consistent growth in property values points to a stable investment climate with potential for capital gains over time. Single-family homes remain a promising asset class due to their higher appreciation rate.
Moreover, the increasing population size signals strong rental market potential, particularly for apartments which may cater to smaller households or individuals attracted by the town’s economic opportunities or lifestyle offerings. Given the lower median price point and steady appreciation trend for apartments, investors might consider multi-unit residential buildings as an entry point into the rental market or as an addition to their portfolio.
Future Market Outlook
Looking forward, Erinview’s real estate market appears set for continued growth. The solid population increase suggests that demand for housing will persist, potentially pushing property prices upward if the supply does not keep pace with demand. While current trends indicate steady growth, investors and homebuyers should remain attentive to local economic developments and infrastructure investments which could further influence the market dynamics.
It is advisable for stakeholders to monitor factors such as employment rates, new business openings, and government policies affecting real estate to gauge any shifts in the outlook. However, based on current data, Erinview’s real estate market holds promise for sustained value appreciation making it an attractive location for both residential living and investment purposes.
