Manitou, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,570.3 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Manitou, Manitoba, is currently experiencing a steady growth in property values. The median house price stands at $485,000, with a year-over-year increase of 4%. This suggests healthy demand in the housing sector that is likely continuing to push prices upward. Similarly, the apartment market shows a positive trend with the median price at $295,000 and a slightly slower growth rate of 2.5% year-over-year.
The population of Manitou has grown by 4.8%, which is significant and can be linked to the increased demand for housing. This demographic expansion contributes to the vitality of the local real estate market and supports the ongoing appreciation in property values.
Investment Opportunities and Potential
The current market conditions present several opportunities for investors. The consistent rise in house prices indicates a strong potential for capital gains on residential properties. Given that the growth rate for houses outpaces that of apartments, single-family homes might represent particularly attractive investment assets.
In addition to capital appreciation potential, Manitou’s growing population could drive demand for rental properties. Investors might see this as an opportunity to generate steady rental income while also benefiting from long-term property value increases. Apartments may be especially appealing for investors looking to cater to smaller households or individuals drawn by employment or educational opportunities in the region.
Future Market Outlook
The future outlook for Manitou’s real estate market remains optimistic. Barring any unforeseen economic disruptions, the combination of population growth and current pricing trends likely indicates further development and sustained demand. The 4% annual increase in house prices suggests that Manitou is on a trajectory for continued growth, making it an attractive location for both homeowners and investors.
However, potential investors should monitor key economic indicators such as employment rates, new construction levels, and regional economic policies that could affect future market conditions. With careful analysis, informed decision-making can lead to profitable investments in this burgeoning market.
