For the first time in 80 years, Manitoba realized a higher growth rate than the national average. The recent census indicates that the province has the third strongest population growth rate in the country at 5.8 percent, behind our prairie neighbours of Saskatchewan (6.3 percent) and Alberta (11.6 percent).
The region just southeast of Winnipeg has experienced especially exceptional growth, with the RM of Ritchot claiming the title of fastest growing rural municipality in the province, marking a 21.9 percent growth rate, and the Town of Niverville boasting a rate of 30.2 percent, retaining its title as fastest growing community.
This growth is evident throughout the region when looking at the expansion of local schools, recreation programs, and in the number of new homes being built. Niverville, for example, experienced a 35.5 percent increase in private dwellings since the previous census, and is slated for a new school and a sports multiplex, in addition to its still-booming residential and commercial development.
The RM of Ritchot experienced a 31.8 percent increase in private dwellings, which can be seen with significant development popping up in the major population centres of Île-des-Chênes, St. Adolphe, Ste. Agathe, and Grande Pointe.
With this kind of population growth, businesses are starting to recognize the opportunities the southeast has to offer. Organizations such as Hemp Oil, Adventure Power Products, WM Dyck, and many others have invested in major expansions to both infrastructure and resources. National brands such as Tim Hortons, Shell, and HUB International have all come to the table in recent months to set down roots here.
And really, who can blame them? The Regional Economic Analysis Process (REAP) Report, completed by the province of Manitoba for Niverville and Ritchot in August 2014, highlights some interesting statistics. Not only is this region one of the fastest growing, it is also one of the youngest in the province. The largest group of residents is 35–39 years old, followed closely by the five- to nine-year-old category.
This region is also home to the highest-earning population in Manitoba, with 34.9 percent of households reporting incomes of $100,000 and up. Another interesting chart showcases the significant shortfall of jobs compared to the labour force, meaning that many residents who currently commute outside of the region for work might prefer work closer to home, creating a strong demand for local jobs. These are the sorts of figures and trends that grab the attention of businesspeople and entrepreneurs.
With similar growth expected for some time to come, the southeast region is likely to continue offering exciting opportunities for businesses to find success. The future looks bright.
