Gardenton, 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 Gardenton, Manitoba is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing healthy upward momentum. Similarly, apartments are also seeing a positive trend with a median price of $300,000 and a growth rate of 2.1% year-over-year.
This growth is supported by a robust population increase of 7.1%, which can be indicative of demand outpacing supply. The influx of new residents may lead to competitive housing conditions, creating upward pressure on prices across all property types in the region.
Investment Opportunities and Potential
Gardenton presents various investment opportunities, particularly for those looking to capitalize on the consistent rise in property values. The single-family home segment, with its 3.5% year-over-year price increase, represents an attractive option for long-term investments. Furthermore, the apartment sector, while growing at a slightly lower rate of 2.1%, offers potential for investors seeking more affordable entry points into the real estate market.
Given the strong population growth, there is also potential for development projects to meet the housing demand. Investors might consider exploring new construction or renovation projects that could benefit from the growing market.
Future Market Outlook
Moving forward, the future market outlook for Gardenton appears promising. Assuming current trends continue, both housing and apartment markets are likely to see sustained appreciation. This is bolstered by the significant population growth which shows no signs of abating and will likely drive continued demand for housing in the area.
However, investors should remain cognizant of broader economic factors that could influence mortgage rates, employment levels, and consumer confidence—all of which can impact real estate markets. Keeping abreast of local developments in infrastructure and industry will also provide insights into long-term value stability and growth prospects within Gardenton’s real estate market.
