Winnipeg Free Press - ONLINE EDITION
Posted: 02/20/2013 10:42 AM | Comments: 0
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.
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
China's inflation rate eases to 2 pct in February
Austin tech firm had 20 employees on missing plane
Railways face big fines
WikiLeaks' Assange talks NSA, hints at more leaks
Cops confirm quote's accuracy
Why Malaysia Airlines jet might have disappeared
Fantasy-sports channel on air
Patrick to celebrate Boston-Dubai nonstop service
Budget boosts small businesses
Obama: It's time to give America a raise
Good times uncertain until arrival
Real estate: hot or not?