Navin, 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 Navin, Manitoba is currently experiencing a stable growth pattern. The median house price stands at $500,000, which indicates a modest year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes while avoiding the volatility often seen in overheated markets. Similarly, the median apartment price is currently at $300,000, having risen by 2.1% from the previous year. This slower growth rate may reflect a more balanced condition in the multi-family housing sector, presenting stability for both owners and investors.
Navin’s population has shown significant growth with a rate of 7.1%, indicating a robust and expanding community that could further drive housing demand. With new residents moving in, the real estate market has the potential to continue its upward trajectory, albeit at a sustainable pace.
Investment Opportunities and Potential
The consistent growth in property values, coupled with the strong population increase, presents attractive investment opportunities in Navin. For those looking to invest in the residential market, single-family homes are currently demonstrating solid capital appreciation potential given their 3.5% annual price increase.
Apartments offer a slightly lower but still positive trend in value appreciation and may be particularly appealing to investors focused on rental income, as an influx of new residents may lead to higher rental demand. Given the town’s population surge, there is also potential for developing new housing units or refurbishing existing ones to cater to the growing market.
Future Market Outlook
The outlook for Navin’s real estate market remains optimistic. Population growth is typically a strong indicator of future housing demand, and with Navin’s notable increase in residents, it is reasonable to anticipate continued interest in both buying and renting properties within the area.
Assuming that economic conditions remain favorable and that local employment opportunities expand alongside population growth, we can expect sustained or possibly even elevated growth rates for property values. Investors should monitor infrastructure developments and any changes in local policies that could impact the real estate environment. However, it is crucial to remain aware of broader economic factors that could influence mortgage rates and investment climates both provincially and nationally.
