Garson, 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 Garson, Manitoba, is currently experiencing a steady growth, as evidenced by the increase in property values. The median house price stands at $500,000, which marks a 3.5% year-over-year growth. This consistent upward trend signals a healthy demand for housing in the area. Similarly, the median apartment price has reached $300,000, with a slower yet positive growth trend of 2.1% year-over-year. The population of Garson has reached 15,000 residents and is growing at a robust rate of 7.1%. This demographic expansion suggests a rising demand for housing that could support the continued appreciation of property values.
Investment Opportunities and Potential
The investment landscape in Garson presents attractive opportunities, particularly for those looking to enter the residential market. Given the steady rise in house prices, investors can potentially benefit from capital gains in the medium to long term. The strong population growth further indicates a sustained need for rental properties, which could provide investors with stable rental yields. Furthermore, the more modest growth rate in apartment prices compared to houses suggests that there may be room for significant value appreciation in this segment as well.
Future Market Outlook
The future outlook for Garson’s real estate market remains optimistic. The ongoing population growth is likely to continue driving demand for both ownership and rental properties. If current trends persist, we can expect both median house and apartment prices to maintain their upward trajectories. However, potential investors and homeowners should stay informed on local economic developments and infrastructure projects that could impact property values. Overall, Garson’s real estate market shows promising signs for sustained growth and offers a compelling environment for investment.
