Rivers, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| 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 Rivers, Manitoba is currently experiencing a period of steady growth. With the median house price sitting at CAD $485,000, there has been a year-over-year increase of 2.8%, indicating consistent appreciation in property values. Similarly, apartments are showing a positive trend with a median price of CAD $295,000 and a growth rate of 1.9% over the same period.
This moderate level of price growth is reflective of healthy market conditions that avoid the volatility seen in more turbulent markets. The population of Rivers has reached 15,500 and is continuing to grow at a rate of 3.3% per year. This demographic trend suggests sustained demand for housing which supports the current upward trajectory in property prices.
Investment Opportunities and Potential
The investment landscape in Rivers presents promising opportunities for both residential and rental markets. Given the steady increase in property values, purchasing real estate in Rivers could be considered a secure long-term investment. The rising population indicates potential for an increased demand for rental properties, which could benefit investors looking to enter the landlord market.
With apartment prices showing a slightly lower growth rate than houses, they may represent an attractive entry point for investors seeking more affordable investment options with considerable upside potential. As the local economy continues to attract more residents, investments in multi-unit residential properties could yield substantial returns through both capital appreciation and rental income.
Future Market Outlook
The outlook for the Rivers real estate market remains positive as it benefits from ongoing population growth and economic development. Assuming current trends persist, both housing and apartment markets are likely to see continued appreciation. Moreover, as the town’s infrastructure expands to accommodate its growing population, there may be new development projects on the horizon which could further stimulate the local real estate market.
Investors should monitor factors such as interest rates, employment rates, and regional economic policies that can influence buyer affordability and market dynamics. However, given current indicators, Rivers appears poised for sustained growth making it an attractive market for both homebuyers and investors alike.
