July 2014: Balanced market conditions.

After a dozen years as a seller's market, where demand outstripped supply in many neighborhoods, is the Winnipeg market  becoming more balanced?

The number of listings is up and sales are down, which is easing the upward pressure on selling prices.

Whether it was caused by a short time frame of our Spring market where many sellers held off on listing their homes with many for buyers to now choose from.  Homes will sell, they may just take longer and for a little less than what they would have sold for a couple years ago.  Its also fueled by the motivation of both parties and their personal situation and future plans.

Interest rates are still at a record low, creating an ideal environment for first-time homebuyers. Locals who have been saving up to buy, immigrants and those who have reaped the benefits of Winnipeg’s growing manufacturing and agricultural sectors have been the most active in the market.

The province's controversial land-transfer tax continues to be a burden for buyers, especially first-time buyers but a more balanced market will give some relief in afforadbity for those just getting into the market.



Alison O’Toole

Alison O’Toole

CENTURY 21 Bachman & Associates
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