Morden, 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 Morden, Manitoba
The real estate market in Morden, Manitoba, is currently experiencing a period of growth, with the median house price standing at $500,000. This reflects a year-over-year increase of 3.5%, indicating a steady upward trend in property values. Similarly, the median apartment price has risen to $300,000, with a slightly lower annual growth rate of 2.1%. These figures suggest that the market is healthy and that both residential homes and apartments are appreciating assets in this locale.
With a population of 15,000 that has grown by 7.1%, Morden is witnessing a significant demographic expansion which could be contributing to the demand for housing. This population growth is likely fueling the real estate market, creating an environment where property values continue to rise due to increased demand.
Investment Opportunities and Potential in Morden, Manitoba
Given the current market trends and population growth in Morden, there are promising investment opportunities for both residential properties and rental units. The consistent increase in property values suggests that investors purchasing homes at the median price points of $500,000 for houses and $300,000 for apartments could see continued capital appreciation. The relatively higher pace of growth in house prices indicates a potentially higher return on investment for single-family homes over apartments.
Furthermore, as the local population grows, there will likely be an elevated demand for rental properties. Investors looking to enter the rental market could benefit from this trend by acquiring properties to meet the expected increase in rental demand. This could be particularly advantageous if the supply of rental units does not keep pace with population growth, potentially leading to higher rental yields.
Future Market Outlook for Morden, Manitoba
The future market outlook for Morden appears optimistic based on current trends. With ongoing population growth and increased demand for housing, it is reasonable to anticipate that property prices may continue their upward trajectory. Assuming that economic conditions remain stable and supportive of growth, both the residential and apartment markets should maintain their vitality.
Investors should monitor factors such as local employment rates, infrastructure development projects, and regional economic policies which can affect real estate markets to gauge long-term prospects accurately. Should these indicators remain positive, Morden’s real estate market could offer favorable conditions for sustained investment potential over the coming years.
In conclusion, while past performance is not always indicative of future results, current data points towards a robust real estate market in Morden with opportunities for solid investments both now and looking ahead.
