Tyndall, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Tyndall, Manitoba, is currently experiencing stable growth. The median house price stands at a substantial $500,000, with a year-over-year increase of 3.5%. This steady growth indicates a healthy demand for housing in the area, reflective of the 7.1% population growth. The local market for apartments is also showing positive trends with a median price point of $300,000 and an annual appreciation rate of 2.1%. These figures suggest a consistent but moderate demand for more affordable, smaller-scale housing options.
Investment Opportunities and Potential
The growing population, which now stands at 15,000, is creating increased demand for housing in Tyndall. With single-family homes appreciating at a faster rate than apartments, there’s notable potential for investors to see significant returns on investments in the detached housing sector. Apartment units remain an attractive option as well due to their lower entry price point and steady appreciation trend. Investors should consider diversifying across both housing types to spread risk and capitalize on different segments of the market.
Future Market Outlook
The future outlook for Tyndall’s real estate market appears promising. Given the solid population growth rate and the current upward trajectory in property values, it’s likely that this market will continue to rise steadily. However, prospective investors and homeowners should be mindful of external economic factors that could influence these trends such as interest rates or employment levels within the region. Monitoring these indicators will be crucial for anyone looking to participate in Tyndall’s real estate market.
