In 2002 WinnipegREALTORSreached $1 billion in real estate sales. In 2007 it reached $2 billion. In 2011 it has now reached $3 billion in Mls Sales. In 2007 the number of sales it took to reach $2 billion is roughly the same number of sales to reach $3 billion.
What does 2011 WinnipegREALTORS president Ralph Fyfe have to say about the new milestone for Winnipeg? "Winnipeggers feel like the have arrived. Our city is back on the map as a place to be in Canada. There is so much excitement around being in the NHL again, our new airport, IKEA, a Canadian Museum for Human Rights and the like. As a result, more people are moving here than ever before and that is translating into all this new development and sales activity in our city with increased value attached to it." said Fyfe.
"As an investment, real estate in Winnipeg is a relative haven of stability compared to other alternatives." said Fyfe. He added, "Let's not forget the vast majority of our MLS sales still remain lifestyle-driven and far from speculative in nature," added Fyfe.
Immigration continues to be huge driving force in our local market.