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.
Interest rates are still at a record low, creating an ideal environment for first-time home buyers. 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 affordability for those just getting into the market.