Winnipeg The Facts
Manitoba is home to over 1.3 million people, with 829,000 living in the Winnipeg Census Metropolitan Area (CMA). Winnipeg’s population grew by an average of 1.8% each year from 2014 to 2017. Winnipeg is the model of multiculturalism with more than 200 ethnic groups speaking over 130 languages.
Winnipeg’s labour market shined in 2017, with the creation of over 7,200 net new jobs. It shows no signs of slowing down, with a further 7,200 net new jobs forecast to be created in 2018. Winnipeg’s unemployment rate is expected to trend lower over the next few years, falling from 6.5% in 2016 to 5.8% by 2022.
Total housing starts in the Winnipeg CMA increased by 39% in 2017, finishing at 5,621 starts. In the resale market, 2017 finished with a total of 13,525 unit sales, relatively even to the record year of 2016 that had 13,632 unit sales. A new annual dollar volume record was set in 2017 with $3.92 billion in MLS® sales – an increase of close to 4% from 2016.
Growth in Winnipeg’s real GDP hit a 19-year high in 2017, coming in at an estimated 3.7%, following a 3.2% gain in 2016. This pace was well above the 2.3% annual gain of the past decade.
The transportation equipment market remains strong. Winnipeg-based New Flyer Industries recently purchased ARBOC Specialty Vehicles (a low-floor bus manufacturer) and won a contract to provide 106 Xcelsior buses for the South Coast British Columbia Transportation Authority. At the same time, Magellan Aerospace won a $200-million contract to manufacture exhaust systems for A320neo PW Airbus aircrafts.
There is vigorous construction activity underway in Winnipeg, including the $121.4-million Waverley Street underpass; the $467.3-million Southwest Transitway; the $336-million South End Water Pollution Control Centre upgrades; and the $232.9-million new Women’s Hospital. Work also continues on the $400-million True North Square mixed-use development and Red River College has announced plans to build a new 100,000-square-foot, $95.4-million Innovation Centre in Winnipeg’s exchange district.
- Conference Board of Canada, Metropolitan Outlook 1, Winter 2018
- Statistics Canada. Table 051-0056 - Estimates of population by census metropolitan area, sex and age group for July 1, based on the Standard Geographical Classification (SGC) 2011, annual (persons), (accessed: March 07, 2018).
- Statistics Canada. 2017. Census Profile. 2016 Census. Statistics Canada Catalogue no. 98-316-X2016001. Ottawa. Released October 25 2017.
- CMHC, Housing Now Tables Winnipeg CMA, April 2018
- Winnipeg Realtors, Solid December closes out a successful year of MLS® sales activity, Press Release, January 15, 2018