A significant uptick in sales and values in the Winnipeg housing market in the last six weeks of 2023 has set the stage for home-buying activity in 2024, according to findings from RE/MAX Canada’s 2024 Tax Report. Listings that had lingered on the market were quickly snapped up, some in multiple-offer situations, between mid-November and mid-December. The same momentum has been noted in the first two weeks of January as the potential for an end to the Bank of Canada’s stance on quantitative tightening grows increasingly likely after four rate pauses in a row. There has been a considerable in ..read more

. *Leger online survey of 1,517 Canadians aged 18+ was completed between July 21 and 23, 2023, using Leger’s online panel. Leger’s online panel has approximately 400,000 members nationally and has a retention rate of 90 per cent. A probability sample of the same size would yield a margin of error of +/- 2.5 per cent, 19 times out of 20.  **This report includes data and insights about Canadian housing markets supplied by RE/MAX brokerages and sourced from the Canadian Real Estate Association and local real estate boards. RE/MAX brokers and agents are surveyed on market activity and loca ..read more

Are you browsing houses for sale in Winnipeg? That’s a big step and an exciting one too! Recently, we’ve seen a rise in property demand in Winnipeg as many people seek more affordable housing options. The steadily growing economy and low-cost housing options make it a target location for investors and homebuyers. In the following paragraphs, we’ll guide you in finding houses for sale in Winnipeg. Let’s find out the best areas to buy a home in Winnipeg, the importance of analyzing market trends, the role of real estate agents, and using online platforms to narrow your options. So, let’s begin ..read more

Despite the Bank of Canada (BoC) raising interest rates to their highest level since before the global financial crisis in 2008, the impact on the Canadian real estate market has not been equal. Some areas of the country are performing well, while others are struggling to revive sales activity. In July, the Canadian housing market saw national home sales tumble by 0.7 per cent month-over-month, and prices advanced 1.1 per cent month-over-month and slipped by 1.5 per cent year-over-year. By comparison, Manitoba’s housing industry has been strong, with properties sold up more than six per cent ..read more

Steady upward momentum characterized buying activity in the Winnipeg housing market during the first half of the year, with buyers taking advantage of the Bank of Canada’s temporary pause in overnight rate hikes and lower housing values. Year-to-date average price declined by almost eight per cent to $405,301, down from $439,621 during the same period in 2022. A significant listing deficit has had an impact on sales this year, particularly at the $350,000 to $500,000 price point where demand is greatest. To date, just 3,347 properties have changed hands, down more than 20 per cent from year ..read more

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Aside from the factors that are expected to impact the broader Canadian real estate market in 2023, such as the rising cost of living and housing supply shortages, higher taxes are also likely to be top of mind in the Winnipeg housing market in 2023. “Winnipeg is unique in that it’s currently experiencing rising taxation levels, in addition to all of the other economic challenges facing the housing market. It’s one more housing obstacle Winnipeggers need to overcome,” says Akash Bedi, broker and owner, RE/MAX Executives Realty, Winnipeg. “While we wait for governments to implement a national ..read more

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New residential development focused on diversified housing sparks favour among Canadian housing market industry and consumers alike Optimism grows in a more-balanced Canadian housing market, yet affordability and inventory challenges highlight widespread impacts for consumers, real estate industry and broader economy 32 per cent of Canadian homebuyers and sellers are optimistic about the housing market moderating and regaining balance in 2023 One in five Canadian homebuyers and sellers endorse new building developments that address the missing middle gap (22 per cent) Toronto, ON and Kelowna ..read more