Oakville, 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 Oakville, Manitoba is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of healthy expansion. Similarly, the median apartment price stands at $300,000 with a more modest annual growth of 2.1%. This suggests that while the demand for housing remains strong, the market is progressing at a sustainable rate without overheating.
Oakville’s population has grown by 7.1% which indicates a growing demand for housing in the area. This population growth can be attributed to Oakville’s attractiveness to families and professionals alike due to its amenities, quality of life, and employment opportunities.
Investment Opportunities and Potential
With continuous population growth and a stable increase in property values, Oakville represents an attractive opportunity for real estate investors. Single-family homes are particularly promising given their higher appreciation rate compared to apartments. However, apartments offer a more accessible entry point into the market for new investors or those looking for lower-maintenance properties.
Investors should note that Oakville’s real estate market benefits from a diverse economy and proximity to larger urban centers, potentially leading to rental demand from both local residents and commuters. The steady climb in property values also suggests that long-term investments could yield significant returns through both capital appreciation and rental income.
Future Market Outlook
The outlook for Oakville’s real estate market remains positive. Considering the consistent population growth and economic stability, it is reasonable to expect that both housing prices and demand will continue to rise. The town’s infrastructure development plans aligned with population growth will likely support the real estate market’s expansion.
While no market is immune to fluctuations, current trends indicate that Oakville’s real estate market is poised for ongoing growth. Investors can look forward to a resilient market with potential for appreciation and robust rental markets as the town continues to attract new residents.
