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Winnipeg Free Press - ONLINE EDITION
Balanced market will see house prices rise in Winnipeg
(CANADIAN PRESS ARCHIVES)
WINNIPEG — House prices in Winnipeg are expected to climb by five to 6.9 per cent over the short term, according to the latest monthly resale-market report from the Conference Board of Canada.
The board said Winnipeg is one of five Canadian cities that are expected to see year-over-year price increases in that range. The average selling price in August was $258,842 — up 4.2 per cent from July and up 8.3 per cent from a year earlier.
Only seven of the 28 markets examined — Regina, Saskatoon, Gatineau, Montreal, Quebec, Sherbrooke and Saguenay — are expected to see price gains of more than seven per cent, the board added.
It said that despite rising prices, balanced-market conditions still prevail in Winnipeg, with a sales-to-new-listing ratio of 0.727. The balanced market range for Winnipeg is 0.422 to 0.811.
murray.mcneill@freepress.mb.ca
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