May 23, 2015

Latest News

City house prices climbing at a fast pace

WINNIPEG — House prices continue to climb at a fast clip in Winnipeg, according to a new national survey by Royal LePage.

The real estate firm said today that its latest house price survey showed average selling prices for the three most popular types of homes have increased by between 4.7 per cent and 9.2 per cent over the past year.

Condominiums saw the biggest price escalation, climbing by 9.2 per cent to $190,857. That was followed by detached bungalows — up 8.2 per cent to $304,250 — and two-storey homes, which rose by 4.7 per cent to $321,875.

"Standard condominiums and detached bungalows are at more accessible price points," said John Froese, a broker with Royal LePage Prime Real Estate in Winnipeg. "The large price gains in these housing types represent the lower end, appreciating as a result of first-time buyer demand."

Nationally, average selling prices house prices were up between 3.3 per cent and 4.7 per cent from the second quarter of last year, Royal LePage said.

Confidence in Canada’s real estate market is sound, but home prices cannot grow faster than salaries and the underlying economy indefinitely," said Phil Soper, president and CEO of Royal LePage Real Estate Services.



You can comment on most stories on You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective January 2015.

Dan Lett | @danlett

May 23 11:48 am

Saturday column: Where is next the Orange Wave? - via @WinnipegNews #cdnpoli

Aldo Santin | @aldosantin

May 23 11:33 am

Winnipeg Transit director Dave Wardrop holding 1:15 pm newser to discuss new deal w/ATU 1505, 421 Osborne #wpgpoli #wpgcouncil

Winnipeg Free Press | @WinnipegNews

May 23 11:28 am

Andretti family brushes off so-called curse at Indianapolis

Winnipeg Free Press | @WinnipegNews

May 23 10:56 am

City, transit union reach tentative agreement, bus delays and cancellations to end

Winnipeg Free Press | @WinnipegNews

May 23 10:40 am

City and transit union have reached tentative agreement, overtime ban lifted. Normal service to resume soon.

Scroll down to load more