The Pas is situated in Central Manitoba about
500 km north of Winnipeg and 35 km from the Saskatchewan border
on the banks of the Saskatchewan River
|Today's population is approximately
6,600 persons. The trading area, which constitutes the Ralls Island
farming community to the east, Carrot Valley farming community to
the West, the Clearwater Lake and Rocky Lake communities to the
north and surrounding First Nations Reservations, totals approximately
15,000 within a thirty mile radius. Population growth has been negligible
over the past several years, but not in a negative situation as
is evident in some other locations in Manitoba. (Source: Canada
The Pas has an economic and cultural background
as diverse as any in the province. While we do have several major
employers such as Tolko (Pulp & Paper Mill), Keewatin Community
College, Manitoba Provincial Offices, Opaskwayak Cree Nation (OCN)
and Hudson Bay Railway, farming and fishing support hundreds as
well. Our 135,000 acres provide over $10 million annually to our
local farmers. Tourism is also very significant, however exact
figures are unavailable.
|The Pas is serviced by all major modes
of transportation except pipeline.
Calm Air, partner of Canadian Airlines International operate
a daily flights from Winnipeg and also offer connecting flights
to Flin Flon and Thompson. PTH #10 provides a good paved surface
north and south of The Pas, while PTH #283 provides a grade surface
to Saskatchewan. The shortcut, PTH #60 through the Interlake makes
the road trip to Winnipeg possible in six hours. VIA Rail runs
a thrice weekly service to Winnipeg with sleeping and dining convenience.
Since The Pas is the focal point of northern transportation,
many people use it as a base for travels further north.
|Our economic diversity gives us a strong economic base. Over the
last several years, our Real Estate market has enjoyed a nice, slow,
steady increase in terms of property values...in most cases just
keeping ahead of inflation - in some cases the appreciation has
been greater. The Pas can be considered 'small town Canada'; that
is, we are not susceptible to the 'boom or bust' economy of some
of the other provinces and we are not experiencing an influx of
Eastern money that is as some say, "artificially raising prices
of real estate". This does not seem to be a negative point...
there is a certain amount of security that a purchaser can expect
with the purchase of Real Property in the local market.
Residential Real Estate is and always has been active here in
The Pas. There are 1533 single family dwellings, 153 duplexes,
153 trailer units and our average yearly turnover is anywhere
from 200 to 300 sales per year (including rural as well). As of
today’s date, there are 672 apartments in The Pas between
bachelor, 1, 2, and 3 bedroom suites.
The population is somewhat transient (i.e.. Keewatin Community
College students) and they only require temporary accommodation.
As a result, there is also a steady turnover of properties for
revenue purposes. This appears to be limited to single family
residential dwellings that sell for less than $60,000.
Land is available in and around The Pas. Residential building
lots are available for $2.30 per square foot in town and for approximately
$13,000 per lot unserviced (1 to 2 acre lots) within 5 minutes
from town. There is also a supply of about a dozen rural lots
for sale within a 15 km radius. Commercial lots are available...
call us for your needs.
1997 saw approximately 200 sales of single family dwellings.
This represents approximately 15% of the market turning over per
year or each home selling every 6 2/3 years. Normal listing time
of a property like the subject would be 30 to 60 days provided
it is not priced out of the market. A good marketable listing
of this sort should be listed at no more than 5% over fair market
value to ensure this.
The Commercial Real Estate Market here in The Pas is much less
active simply because of the limited number of commercial properties
for sale. The properties that do sell seem to be on the market
for less than 90 days if they are priced properly.