Winnipeg's rental shortage continues to be a problem...


Winnipeg’s rental shortage continues to be a problem. Currently Winnipeg’s rental vacancy rate is at an all time low sitting at .8% which is a contributing factor in making Winnipeg’s housing less affordable. Housing affordability is definitely becoming more difficult for first time buyers. From 2009 to 2010, entry level homes selling for under $200,000 have declined by 35%.

While Winnipeg still remains one of the most affordable housing markets in Canada, there is no future guarantee that the MLS resale market can continue to provide an easy option for renters to move to home ownership. Finding a quality affordable home in your desired neighbourhood has surely become more difficult.

Click on the link below to

A discussion paper on Manitoba’s acute rental shortage, released today by WinnipegREALTORS®

Karen Girard-Smith

Karen Girard-Smith

CENTURY 21 Bachman & Associates
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