Winnipeg Free Press - ONLINE EDITION

Resale home market rebounds in March

  • Print

Sales of existing homes in Winnipeg were headed back in the right direction in March after two consecutive months of declines.

A total of 919 properties sold through the local Multiple Listing Service (MLS), the Winnipeg Realtors Association (WRA) said today. That’s an increase of nine per cent from the 844 that changed hands in March of last year.

Not surprisingly, the dollar volume of sales was also up, rising by 11 per cent to $249.1 million from $224.7 million.

However, the association noted March of last year was a poor month for home sales. So while last month’s total was an improvement from a year earlier, it still three per cent below the 10-year average for March.

Similarly, while sales for the first three months of this year were up nearly one per cent from the first quarter of 2013 — 2,164 units compared to 2,156 — they were still seven per cent below the 10-year average for the period.

"However, we must keep in mind Winnipeg (just) endured its coldest winter since 1898," the association added.

Looking ahead to the traditionally busy spring home-buying season, the association said buyers should have more properties to chose from, with more than 2,500 homes available the beginning of this month compared to just over 2,000 in April of last year.

"We are in a real favourable position going into April to take advantage of better weather, low unemployment, very competitive mortgage rates, and the best inventory we have seen in many years," said WRA president David Powell.

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

Peguis Chief Hudson comments on toddler's death upgrade to homicide investigation

View more like this

Photo Store Gallery

  • A gaggle of Canada geese goslings at Woodsworth Park in Winnipeg Monday- See Project Honk Day 05- May 07, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A mother goose has chosen a rather busy spot to nest her eggs- in the parking lot of St Vital Centre on a boulevard. Countless cars buzz by and people have begun to bring it food.-Goose Challenge Day 06 - May 08, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Should political leaders be highly visible on the frontlines of flood fights and other natural disasters?

View Results

View Related Story

Ads by Google