Pinawa, 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 current real estate market in Pinawa, Manitoba, exhibits a stable growth trajectory. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation that aligns with broader national trends. Similarly, the median apartment price stands at $300,000, having experienced a more modest but consistent growth rate of 2.1% year-over-year.
This steady growth is occurring within the context of an expanding population currently pegged at 15,000 residents, which has grown by 7.1%. This demographic expansion is likely contributing to the demand for housing in the area and helping to sustain property value increases.
Investment Opportunities and Potential
The ongoing population growth paired with steady appreciation rates indicates robust investment potential in Pinawa. Investors might be particularly interested in the single-family home market due to its stronger annual growth rate. The consistent uptick in median house prices suggests that purchasing residential properties could yield solid returns over time.
Apartments also present an attractive opportunity for those looking to enter the market at a lower price point or seeking rental income properties. With their positive trend in appreciation, apartments offer a more accessible investment that still benefits from the overall health of Pinawa’s real estate market.
Future Market Outlook
Looking forward, the real estate market in Pinawa appears poised for continued growth. The robust population increase indicates sustained demand for housing, which should support ongoing property value appreciation. If current trends persist alongside economic stability and favorable mortgage rates, both the house and apartment markets are expected to maintain their upward trajectories.
In summary, Pinawa’s real estate market offers promising opportunities for investors and homeowners alike, characterized by stable growth and bolstered by demographic vitality. As long as these conditions remain, the future outlook for this market remains optimistic.
