Waterhen, 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 Waterhen, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy upward trend in property values for single-family homes. Meanwhile, the median apartment price is $300,000, which has seen a slightly more modest year-over-year rise of 2.1%. This suggests that the market for apartments is also growing, albeit at a slower pace compared to houses.
The population of Waterhen has reached 15,000 residents, with a significant population growth rate of 7.1%. This demographic expansion is likely contributing to the demand for housing in the area, thereby supporting the observed price increases.
Investment Opportunities and Potential
The positive trends in Waterhen’s housing market point to promising investment opportunities. The consistent rise in median house prices suggests that investing in residential property could yield substantial returns over time. Similarly, apartments are becoming an attractive option for investors looking for a lower entry point into the market while still benefiting from capital appreciation.
Demand for housing is expected to remain strong due to the robust population growth. Investors can capitalize on this by engaging in development projects or purchasing rental properties to cater to the increasing number of residents seeking accommodation.
Future Market Outlook
The future market outlook for Waterhen remains optimistic. Based on current trends and demographic data, it’s likely that both house and apartment prices will continue to rise at a steady pace. The significant population growth not only ensures ongoing demand but may also lead to further economic development and infrastructure improvements in the region.
While external factors such as interest rates and national economic performance can impact local markets, Waterhen’s real estate appears poised for continued growth. Investors should monitor these broader economic indicators alongside local market data to make informed decisions.
