Tyndall, Manitoba Real Estate Market Data
Updated: Nov 2024
House
Median price | $495,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.7% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.0% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $385,000 |
3 bedrooms | $495,000 |
4 bedrooms | $610,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $430,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,800 |
Population Density (per km²) | 1.4 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Tyndall, Manitoba is currently experiencing stable growth. With a median house price of $495,000 and an upward trend of 3.2% year-over-year, the market reflects healthy demand for single-family homes. Similarly, the apartment sector has seen a more modest increase with the median apartment price at $295,000, indicating a 2% year-over-year price trend.
This growth is occurring alongside a strong population increase, with the local population expanding by 3.4%. This demographic shift is likely contributing to the consistent demand for housing in the area and supporting the current market conditions. The balance between supply and demand appears stable, suggesting that the market is not currently oversupplied.
Investment Opportunities and Potential
The investment potential in Tyndall’s real estate market appears promising due to several factors. The steady increase in property values—particularly the 3.2% growth in house prices—signals good capital appreciation prospects for investors looking into residential properties. Additionally, the continuous population growth of 3.4% may lead to a sustained demand for housing units.
For those considering investment opportunities, single-family homes represent a robust sector due to their higher year-over-year price increase compared to apartments. However, apartments might appeal to investors seeking lower entry points into the property market or those looking for rental income opportunities amidst an expanding population that may include renters.
Future Market Outlook
The future outlook for Tyndall’s real estate market remains optimistic. Given the steady population growth rate and corresponding demand for housing, it is reasonable to expect that both house and apartment prices could maintain their upward trajectory. Moreover, as long as economic conditions remain favorable and no significant changes disrupt local or national real estate dynamics, Tyndall’s housing market should continue to offer attractive investment opportunities.
Careful monitoring of interest rates, employment trends, and regional developments will be crucial for investors looking to capitalize on Tyndall’s market potential. With its current performance and positive indicators, Tyndall stands as a noteworthy option for real estate investment in Manitoba.