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
In Gardenton, Manitoba, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a relatively healthy market with moderate appreciation in property values, suggesting that the demand for housing continues to outpace the supply, but not at an alarming rate.
The apartment market is also showing positive trends, with a median price of $300,000 and a slightly lower year-over-year growth rate of 2.1%. This growth in apartment prices reflects sustained interest in more affordable and versatile housing options within Gardenton.
Gardenton’s population has seen significant growth at a rate of 7.1%, which is quite robust and well above national averages. This population surge can contribute positively to housing demand and may lead to increased investment in infrastructure and services.
Investment Opportunities and Potential
The current upward trend in both house and apartment prices suggests that Gardenton offers promising investment opportunities. Given the continuous population growth combined with moderate price increases, investors might anticipate further appreciation in property values over time. Investments in residential properties could be particularly attractive due to high demand driven by the growing population.
Furthermore, with rental markets likely tightening due to increased demand from new residents, there may also be potential in purchasing investment properties for rental income. Investors should consider areas within Gardenton where infrastructure developments are planned or underway as these locations typically experience higher rates of appreciation.
Future Market Outlook
Looking ahead, Gardenton’s real estate market appears poised for continued growth. The steady increase in housing prices coupled with significant population growth suggests that demand will remain strong. Assuming no major economic disruptions occur, the market outlook is optimistic with an expectation of sustained property value growth and stable investment returns.
However, investors and homebuyers should monitor local economic factors and development plans closely as these will influence future market dynamics. It is also important to consider interest rate trends since they can impact borrowing costs and affordability which in turn may affect the real estate market’s trajectory.
In conclusion, Gardenton presents an appealing environment for both homeownership and real estate investment, underpinned by solid fundamentals such as continued population growth and consistent property value appreciation.
