Mccreary, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
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 | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in McCreary, Manitoba is experiencing a steady growth, with the median house price currently standing at $485,000, reflecting a year-over-year increase of 3.2%. This increment indicates a healthy demand in the housing sector. Likewise, the apartment segment shows resilience with the median apartment price at $295,000, which has risen by 2.5% from the previous year. These statistics suggest a balanced growth across different types of residential properties.
The population of McCreary has reached approximately 15,200 residents, growing at an encouraging rate of 2.7%. This population growth is likely contributing to the sustained demand for housing within the region.
Investment Opportunities and Potential
Given the steady appreciation in property values, McCreary offers attractive investment opportunities for both individual homebuyers and real estate investors. The consistent rise in prices reflects a stable market where investments can potentially yield favorable returns over time. Moreover, the ongoing population growth suggests that rental properties could also be a viable investment option as there will be an increasing demand for rental accommodation.
For investors looking to diversify their portfolio, McCreary’s real estate market presents itself as a less volatile option compared to larger urban centers while still offering comparable year-over-year gains.
Future Market Outlook
The outlook for McCreary’s real estate market remains positive. With a robust population growth rate of 2.7%, it is anticipated that demand for housing will continue to rise. This demographic trend, coupled with the current upward trajectory in property prices, suggests that the market is poised for sustained growth over the coming years. However, potential investors and homebuyers should keep an eye on economic indicators and policy changes that could affect interest rates and borrowing costs.
In conclusion, McCreary’s real estate market demonstrates promising signs of stability and growth. It offers a dynamic environment for individuals seeking to invest in property or find a new home within this thriving community.
