Winnipeg

Last Updated on Friday, 8 June 2012 03:07 Written by Stefan Friday, 8 June 2012 02:32

winnipegWhen you think about the Canadian real estate market most people usually think about the major markets such as Toronto, Vancouver and Montreal but what you may not know is that the Winnipeg real estate is not only one of the most affordable in the country but has become very active in recent years. In fact Winnipeg just posted its most active month yet with May of 2012 setting an all-time record of over $400,000,000 (yes that’s million) in overall sales.

The market did receive a bit of a push from 5 transaction which sold for over a million dollars but aside from that it does show that home buyers are very active within the market and are certainly taking advantage of low interest while they last. It may be too early to declare 2012 to be a banner year for Winnipeg real estate but so far thing slook very good.

So lets take a look at the numbers for May. Sales were up by 10% and the dollar amount climbed by 17% when compared to the same month last year. What is also truly amazing is that almost one out of every 2 homes that were available on the MLS system was sold. Although not in dollar amount the activity is comparable with citeis like Toronto.

It is important to note that these numbers are for the real estate market in general and each segment of the market did perform a little differently. For example the highest increase in sales activity was for single-attached and duplex properties, followed by residential detached homes. Condo sales were largely the same as last year. The most active price range for May was the $250,000 – $299,000 price range.

 

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