Housing Forecast 2009

I attended a 2009 Forecast Breakfast meeting on January 21, 2009 and things are expected to be pretty decent in our Winnipeg real estate marketplace. Most of the presenters had Winnipeg's housing prices going up from 2% - 5% (unlike the rest of the country, especially in the east), number of listings will be up and the number of sales to stay the same as 2008.  This means both a buyer's and a seller's market.  Buyers should have lots to look at and seller's should still get good activity and a fair price for their home. One of the lines i remember the most was from Stu Duncan, President of Destination Winnipeg ... "in all the world, in these tough economic times, there is no better place to live than Canada, and in North America, there is no better place to live than Winnipeg". Interest rates are unbelievable with prime at 3% and a fixed 5 year and 4.49%. WOW!!! There is no better time to get into the market to buy your first home, upgrade or for investors to increase their real estate portfolios.

Karen Tereck

Karen Tereck

CENTURY 21 Bachman & Associates
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