Oakville, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Oakville, Manitoba is currently experiencing moderate growth. The median house price stands at $510,000, marking a year-over-year increase of 4%. This steady growth indicates a healthy demand for single-family homes in the area. On the other hand, apartments are more affordable, with a median price of $315,000 and a slightly lower year-over-year price increase of 2.5%. This diverse pricing structure suggests that Oakville’s market offers options for various buyer segments, from first-time homebuyers to investors looking for rental properties.
Investment Opportunities and Potential
Oakville’s real estate landscape provides intriguing opportunities for investors. The consistent upward trend in housing prices reflects a stable investment environment with potential for capital appreciation. With a population growth rate of 3.3%, the demand for housing is likely to continue rising, which bodes well for both rental and resale markets. Investors could capitalize on the growing population by focusing on properties that cater to families and professionals moving to the area, particularly given the limited yet increasing interest in apartment living as indicated by the current trends.
Future Market Outlook
The future market outlook for Oakville remains positive. The population of approximately 15,500 is on an upward trajectory, indicating potential sustained demand for housing. Given the current growth rates in property values—4% for houses and 2.5% for apartments—investors can reasonably expect continued appreciation in property values over the coming years. Additionally, as Oakville’s economy grows and attracts more residents, both the rental and buyer markets should remain robust. However, it’s important for stakeholders to monitor economic indicators closely, as external factors such as interest rate changes and national economic trends could impact local market dynamics.
