Brisk October Sales Continue Third Quarter Momentum    October sales of 1,173 increased 6% over October 2018 and are the same percentage above the 5-year sales average for this month. October dollar volume of close to $342 million resulted in an increase of less than 4% over the same month in 2018.   Active listings or current inventory of 5,419 remain elevated over last year at this time. They are up 18%. New listings entered on the MLS® in October of 1,958 rose 6% over October 2018. This is a more modest increase in listings compared to double-digit increases every…
September caps off a resurgent third quarter   WinnipegREALTORS® experienced its strongest third quarter of market activity on record with close to 4,100 MLS® sales worth 1.19 billion dollars. Each of the three months had their highest dollar volume totals ever for their respective months. A new sales record was also set for the month of August while July and September were right at the top.   As a result of this marked improvement in third quarter market activity over 2018, year-to-date sales are up 6% with 10,913 sales while dollar volume of $3.25 billion has increased 7% over the…
The Winnipeg Metro Region market heated up in terms of dollar volume with a new record set for July with $437 million representing a 10% increase over July 2018. Sales of 1,440 trended upward with nearly a 5% rise over last July and only 3% shy of the best July on record in 2014.   Year-to-date sales activity of 8,263 sales shows a 4% gain over the same period last year while dollar volume of close to $2.5 billion is up more than 5% in comparison to 2018. This is the highest dollar volume reached for WinnipegREALTORS® in the first…
June sales just shy of last June’s market activity   June sales of 1,528 fell short of June 2018 market activity by 1% and 3% from the 5-year average for this month. What really stood out in June is extensive inventory which offers buyers record levels of choice in one of the most affordable housing markets in the country.   June dollar volume of nearly $463 million declined 2% from June 2018 yet is equal to the 5-year June average. New listings are strong again in June with 2,698 entered on the MLS®, an 8% increase over June 2018. Current…
Planning review recommendations released a day before pre-election blackout Manitoba should create a new quasi-judicial board with the power to second-guess City of Winnipeg land-use decisions, a provincial review of city planning, zoning and permitting recommends. On Tuesday, the day before a pre-election blackout begins, the province unveiled 12 recommendations that flowed from a review of municipal land-use practices that characterized Winnipeg's planning, property and development department as dysfunctional. The recommendations, released two weeks after the review itself was unveiled, include new provincial standards for accrediting inspectors, standardized timelines for issuing permits and ensuring Winnipeg sets water-and-sewer rates in line with provincial economic goals,…
May sales of 1,705 is the first time WinnipegREALTORS® has reached and eclipsed the 1,700 threshold mark for any month including May. It also broke new ground for any month with sales dollar volume vaulting over one-half billion to $526 million. The previous record set in May 2017 just fell short of the half billion dollar mark at $499.4 million while sales were only 4 below 1,700. In relation to the same month last year, sales rose 13% while dollar volume increased 15%. New listings were impressive too with over 3,000 entered on the MLS® in May – a 7%…
Building permits aren’t the sexiest measure of the strength of the real estate market, but they’re definitely one of the most important. These municipality-issued documents provide legal authorization to begin construction of a building project, whether that’s a house, an apartment complex, an industrial building, retail spaces, government buildings, skyscrapers or even a backyard deck. The more building permits issued and the higher their dollar value, the more confidence developers have in their ability to sell or lease out space in the buildings they want to construct. “People are coming to Winnipeg all the time. They want to live in…
Winnipeg home buyers the envy of Canada WinnipegREALTORS® likes to say Winnipeg is one of the most affordable housing markets in the country. Earlier this month, when the April MLS® market results were released, an infographic showed that 50 per cent of the single family and condominium listings available going into May are priced under $300,000, with 22 per cent listed under $200,000. You will be hard pressed to find any major city in Canada with this significant percentage of listings available at these lower price points. More evidence backing up this contention came recently by way of National Bank’s…
Real estate professionals were rated as the most valuable interaction during the home buying process, according to a recent survey. In April 2018, Canada Mortgage and Housing Corporation (CMHC) surveyed 4,000 active mortgage consumers, of which 16% were home buyers, as part of its annual Mortgage Consumer Survey (MCS). The MCS is the largest survey of its kind in Canada and has been conducted since 1999. It provides insight into the behaviours, attitudes and expectations of Canadians when they take out, renew or refinance a mortgage. According to the survey, 24% of first-time buyers and 34% of repeat buyers indicated…
April MLS® sales slip back modestly from April 2018    WINNIPEG - While Manitobans welcomed spring with open arms given a long winter they also were relieved to know potential flooding threats did not come to fruition. Thanks to major engineering flood mitigating projects such as The Winnipeg Floodway or Duff’s Ditch, as it is commonly referred to as, thousands of properties have been saved over many years from the ravages of water damage.   April sales of 1,223 were down less than 5% from April 2018 while dollar volume decreased 3%. It is a 60 sales difference from 2018.   Single…
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