Manitoba Real Estate Association pushes back against study claiming millennials priced out of market

A recent study by an advocacy group for young Canadians suggests that millennials are being priced out of Manitoba’s housing market, but the Manitoba Real Estate Association (MREA) is refuting those claims.MREA president David Powell told Global News that the study – by the Generation Squeeze organization – isn’t painting the full picture.“I think that a little bit more research might be needed,” said Powell.“Yes, there are affordability issues in major centres, Vancouver and Toronto. But here in Manitoba, in Winnipeg, this is one of the most affordable areas for…

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Winnipeg’s housing market sizzles into March

Winnipeg’s housing market continues to sizzle with another month of increased sales.A total of 724 homes were sold around Winnipeg in February according to Winnipeg Realtors. That’s up 6 per cent compared to the same month in 2018.RELATED: Winnipeg expected housing increase in 2019 identified as a ‘win’The majority of the transactions were detached houses, with homes selling for an average of $327,000.The number of homes sold in January was 634, an increase of 11 per cent over the same month last year.WATCH: A closer look at Manitoba’s real estate…

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Winnipeg expected housing increase in 2019 identified as a ‘win’

Royal LePage has released a survey showing that Winnipeg’s housing market is expected to increase by 1.3 per cent in 2019.The report says the region’s diverse economy and immigration is expected to put upward pressure on home prices.When asked by Global News Radio 680 CJOB what Winnipeg’s housing market looks like next year, Michael Froese, managing broker of Royal LePage, says Winnipeg is “resilient.”Story continues below“Winnipeg, like much of Canada, has faced a lot of regulatory changes and external forces that have had some negative impacts on the market, but…

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Winnipeg’s housing market continues downward slide at 12 per cent in September

Winnipeg’s housing market took a big dip in September compared to just one year ago.The latest numbers show Winnipeg’s housing sales were down 12 per cent compared to September of 2017, and are down nine per cent compared to the five-year average of 1,156 sales in September.READ MORE: Winnipeg housing industry getting ready for new mortgage rulesStory continues belowIt’s the largest year-over-year monthly decrease so far this year for Winnipeg, as numbers have been sliding every month since February, anywhere from one per cent to 11 per cent, according to WinnipegREALTORS.September…

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