Winnipeg Real Estate 2010

The year started out with a lower than usual amount of listings and lots of buyers.  This caused 42% of the listings to sell at list price or above list price. As we move into spring, we can expect a lot more homes to come on the market. This should help to balance the market.  With incredibly low interest rates, many first time home buyers are taking advantage of entering the market and starting their investment for the future. The lower end market ($150-$250,000 is the strongest market) right now.  With a population growth expected again in 2010, we can continue to see the real estate market in Winnipeg to be strong and healthy. We are not predicting a big increase in values but that will remain to be seen after the spring market settles down in July. Also, the Government of Canada is expecting to raise rates by the beginning of the 3rd quarter so we should see an increase in sales before July because of this possiblity.

Karen Tereck

Karen Tereck

CENTURY 21 Bachman & Associates
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