Hilbre, 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 Hilbre, Manitoba is currently experiencing steady growth. With a median house price of $500,000, the market has seen an appreciable year-over-year increase of 3.5%. This suggests a healthy demand for housing in the area. The median apartment price stands at $300,000, which is also on an upward trajectory with a 2.1% increase compared to the previous year.
Hilbre’s population has grown by 7.1%, indicating an influx of residents that could be attributed to factors such as employment opportunities, quality of life, or regional developments attracting new citizens. This population growth correlates with the increased demand for housing and may continue to fuel the market’s expansion.
Investment Opportunities and Potential
The consistent growth in property values suggests that Hilbre presents solid investment opportunities. The steady rise in median house and apartment prices indicates a strong and growing housing market. Investors can take advantage of the lower price point of apartments to enter the market or diversify their portfolio with single-family homes that have a higher median price but also show robust appreciation.
Given the population growth rate, there is potential for both rental and resale markets. Rental properties could see sustained demand due to new residents looking for temporary accommodation before purchasing homes. For developers and investors, this could mean opportunities for new housing developments to meet the increasing housing demand.
Future Market Outlook
The future outlook for Hilbre’s real estate market appears positive based on current trends. If the local economy continues to grow and attract more residents, it is likely that the demand for housing will remain strong. This could lead to further increases in property values over time.
Investors should monitor factors such as interest rates, economic policies, and regional development plans as they can impact market dynamics. However, assuming no major economic disruptions occur, Hilbre’s real estate market shows promise for continued growth and remains an attractive option for those looking to invest in Canadian real estate.
