“Sleeper” towns now wide awake to investors in Manitoba

Eyes are wide open in Steinbach, too. In fact, things are so good in the community of about 17,000, which is located 45 minutes southeast of Winnipeg, that they’re running out of land. The city recently completed a land annexation of about 2,700 acres from the neighbouring rural municipality of Hanover because business demand has outgrown the existing space.

The Prairies Property Forecast 2020, Canadian Real Estate Magazine

“Manitoba leads the country in the growth of private-sector capital spending and US Exports…. It’s important to keep in mind that the province’s location smack-dab in the middle of North America makes it an attractive location for large-scale businesses involved in manufacturing, processing and transportation, three of the pillars of the provincial economy. The ease with which such companies can find suitable workers and get their products to market at a fair price has been invaluable for small cities like Steinbach and Brandon, which continue to attract new residents at rates well above the national average. (Brandon’s population grew 5.9% over the last census period, Steinbach’s by 17%.) The province added 5,200 new jobs in August alone.

Big Developments Pour Into Manitoba Cities

Cheaper land and lower business operating costs are fueling increased demand for commercial real estate and new economic opportunities in smaller Manitoba communities outside of Winnipeg.

TappCar Considering Expansion Into Steinbach

Several months after launching in Winnipeg, TappCar is looking to make its move to another Manitoba city. The Edmonton-based ride-sharing service has announced plans to expand into Steinbach.