14°c Overcast
11°c Cloudy with clear breaks
Winnipeg Free Press - ONLINE EDITION
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.
Related Items
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.
murray.mcneill@freepress.mb.ca
More Business
- Back to Top
- Return to Business
More Business
(1 of 16 articles for today)
Weather still not co-operating as Jersey shore seeks to jump-start 1st summer after Sandy
2:17 PM 0
Poll
Most Popular Business
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- New owner for lumber stores
- Changes to CPP rules worth looking into
- Value Partners cracks $1-B mark in assets
- Balancing today with tomorrow
- Creative industries can fuel a city's economic engine
- Differing dollars
- Latest round in meat war hits the streets
- Netflix eyes subscriber boost
- Six wrong guesses get no respect
- New owner for lumber stores
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- New downtown tower could be 42 storeys tall: developers
- Creative industries can fuel a city's economic engine
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Value Partners cracks $1-B mark in assets
- Skyline-altering project will happen: developer
- Housing slowdown to worsen, cost 150,000 jobs, says mortgage group
- Changes to CPP rules worth looking into
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- New owner for lumber stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Value Partners cracks $1-B mark in assets
- Manitoba farm land values increased by an average of 4.3 per cent in 2011
- Changes to CPP rules worth looking into
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- Thorough record-keeping key to power of attorney
- Career change seeds
- She's got entrepreneurial spirit
- Trust me
- Sideways move may be right way up
- New owner for lumber stores
- Value Partners cracks $1-B mark in assets
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- Changes to CPP rules worth looking into
- Bridging the gap
- Developers to unveil plans for bold downtown tower
- Ex-'Pegger seeks to grow local businesses
- Skyline-altering project will happen: developer
- There are lots of I's in 'team'
- More than a new boss
- New owner for lumber stores
- Transcona transformation
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Value Partners cracks $1-B mark in assets
- Older and jobless? Resource on hand
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
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 April 16, 2010.