Winnipeg is still one of the most affordable places in Canada to live. Check out the average home price compared to other major Canadian cities for the month of January 2015.
For those that are looking to buy a new home, now is one of the best times as new listings are up 25% from last year.
"The influx and overall supply of listings is what is keeping prices in check which makes it more affordable for buyers wanting to capitalize on such favourable mortgage rates", said Dave MacKenzie, president of WinnipegREALTORS®. Adding, "in light of the recent reduction of the Bank of Canada overnight rate from 1.0 to .75%, prospective buyers should be contacting their REALTOR® now to find out first- hand what possibilities exist for them to move ahead with a purchase."
Want to find out what's available in your price range or need to get pre-approved for a mortgage? Contact me any time and I'd be happy to help!