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Manitoba's robust housing market chugging along

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Manitoba's robust housing market will continue to chug along in 2013, according to the latest forecast from Canada Mortgage and Housing Corporartion.

The national housing agency predicts new-home construction will dip only slightly (by 2.0 per cent) to 7,100 units from 7,242 in 2012.

And sales of existing homes are expected to increase by O.7 per cent to 14,100 units from 14,008 in 2012.

The agency also predicts resale house prices will climb at the fastest pace in the country this year -- roughly 4.0 per cent to an average of $255,900.

"Basically housing markets are going to remain pretty much where they are," said Lai Sing Louie, CMHC's regional market analyst told about 200 housing industry delegates attending a housing outlook conference this morning in Winnipeg.

 

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