All looks good for 2008 and 2009.
"Manitoba is one of five provices whose economic growth is expected to exceed the national average of 2007. This success has contributed to a five-year high in job creation, which has increased net migration to levels not seen since 1982. These factors will contribute to healthy levels of new home construction through 2008. Total housing starts reached 5,738 units in 2007, the best performance in 20 years. Starts will edge up slightly to 5,800 units in 2008 and 5,900 in 2009. The average price in Manitoba will rise by 12.5 per cent in 2007, 9.8 percent in 2008 and 5.7 per cent in 2009."
To see the full CMHC 2008 Report click here as found in REM online.