Vivian, 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 Vivian, Manitoba, currently presents a stable environment with consistent growth. The median house price is set at $500,000, with a positive year-over-year trend of 3.5%. This indicates a healthy demand for single-family homes, likely driven by the town’s growing population and economic stability. Similarly, the apartment sector shows steady growth, with a median price of $300,000 and an annual appreciation rate of 2.1%.
With a substantial population increase of 7.1%, now reaching 15,000 residents, Vivian’s housing market is experiencing a surge in demand. This demographic expansion is instrumental in driving the current housing trends and buoyant market conditions.
Investment Opportunities and Potential
The real estate market in Vivian offers promising investment opportunities. Housing prices are on an upward trajectory, suggesting that purchasing property now could lead to appreciable gains in the future. Specifically, investing in single-family homes appears to be particularly auspicious due to their higher growth rate compared to apartments.
In addition to capital appreciation prospects, investors may also consider the rental market’s potential. The population growth implies an increasing demand for rental properties from those who prefer not to buy immediately or cannot afford homeownership yet. This scenario provides investors with the opportunity for stable rental income streams alongside long-term asset appreciation.
Future Market Outlook
The future real estate market outlook for Vivian is optimistic based on current trends and demographic data. If the population continues to grow at its present rate of 7.1%, the demand for housing is expected to remain robust. Assuming economic conditions remain favorable and no major policy changes occur that significantly affect the housing market, both the house and apartment sectors should continue their steady growth.
Given these factors, it would be reasonable to anticipate continued moderate price increases in line with recent trends. Investors and homebuyers should monitor local developments closely, as any significant economic or infrastructural projects could further stimulate the market and potentially enhance investment returns.
