Winnipeg Free Press - ONLINE EDITION

Manitoba predicted to outperform most of the country in home sales next year

  • Print

WINNIPEG — Manitoba’s resale-homes market will outperform most other provincial markets in 2013, according to the latest forecast from the Canadian Real Estate Association.

CREA predicted today that Manitoba and Alberta will be the only provinces to see an increase in Multiple Listing Service (MLS) sales next year. It predicts Manitoba’s sales will rise by 0.7 per cent to 14,250 units, while Alberta will see a 1.7 per cent gain.

It also predicts that Manitoba will post the biggest increase in average selling price in 2013, at three per cent ($251,300 versus a projected $243,900 this year).

The Manitoba forecast for this year is more subdued, with CREA predicting that while it will be one of eight provinces to see an increase in MLS sales this year, it’s gain will be the second smallest of the eight at 1.5 per cent.

It also forecasting a four per cent price increase for this year, which it predicts will be the fifth highest among the provinces.

Nationally, CREA has cut its sales forecast for Canada for both this year and next, as well as lowered its average price forecast.

It said its previous forecast was issued before the most recent tightening of mortgage lending regulations by the federal government. That move in June has further slowed sales in two of the country’s most heated markets — Ontario and British Columbia, the association said, causing it to downgrade its forecast.

It’s now predicting MLS sales in Canada will rise by 1.9 per cent to 466,900 units this year, then recede by 1.9 per cent to 457,800 units in 2013. And it predicts the average selling price will climb by 0.6 per cent to $365,000 this year, then dip by one-tenth of a percentage point to $364,500 in 2013.

murray.mcneill@freepress.mb.ca

 

Fact Check

Fact Check

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.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. 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.

You can comment on most stories on winnipegfreepress.com. 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 April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Keri Latimer looks for beauty in the dark and the spaces between the notes

View more like this

Photo Store Gallery

  • A Canada goose flies towards the sun near the Perimeter Highway North and Main St Monday afternoon – See Day 10 for Bryksa’s 30 goose project - May 11, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A group of Horese pose for the camera in the early evening light at Southcreek Stables in Stl Norbert Wednessday. Sept  14, 2011 (RUTH BONNEVILLE) / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Will higher pork prices change your grocery-shopping habits?

View Results

View Related Story

Ads by Google