Explore articles on the latest in Manitoba real estate news with thoughtful insights from the Purplebricks team. Purplebricks makes understanding real estate simple.
Manitoba Real Estate
Manitoba Real Estate Market Update: February 2021
The Winnipeg market is warming up! New listings in February were no match for growing buyer demand as sales leapt 48% over last year’s total. With inventory levels shrinking by almost as much at 41%, sellers are in the driver’s seat and prices are on the rise.
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Manitoba Real EstateHow Baby Boomers Could Change the Real Estate Market in WinnipegBaby boomers in Winnipeg represent about a quarter of the population, and 90% of them are home owners. But as they advance into their retirement years, what changes can we expect to see in the real estate market? It all depends on whether they choose to age in place or sell.
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Manitoba Real EstateShould You Buy a Home in a Seller’s Market?In the year since the pandemic halted the 2020 spring real estate market, record-breaking sales have pushed prices to soaring heights in many parts of the country, while inventory levels have dwindled. In seller’s markets like these, should you buy a home? Here’s what you need to consider.
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Manitoba Real EstateManitoba Real Estate Market Update: January 2021Winnipeg’s real estate market saw brisk sales continuing into the new year, which has helped keep inventory levels low despite a 78% month-over-month growth in new listings. Demand for detached homes is particularly strong, pushing the average price up by more than 14% compared to last January.
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Manitoba Real EstateManitoba Real Estate Market Update: December 2020Winnipeg saw a seventh consecutive record-breaking month for sales in December, despite a rocky spring market and some seasonal slowing. With sales outpacing new listings, buyer activity is moving into higher price ranges, suggesting markets that are favouring sellers.
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Manitoba Real EstateManitoba Real Estate Market Update: November 2020Winnipeg home sales broke the record for the month of November, despite an overall easing of sales compared to earlier this year. High buyer demand continues to put upward pressure on detached home prices, while new listings are on the decline.
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Manitoba Real EstateShould You Sell Your Home During the Pandemic?The outbreak of COVID-19 early this spring dealt some staggering blows to Canadian real estate; with declarations of states of emergency and the implementations of lockdown procedures, the industry all but stopped in its tracks. In view of ongoing waves, what should home sellers expect?
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Manitoba Real EstateManitoba Real Estate Market Update: October 2020Winnipeg’s real estate market is still going strong, undaunted by the colder weather moving in and the ongoing pandemic. High buyer demand has led to impressive sales and price growth across all residential categories on a year-over-year basis, while new listings are on the decline.
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Manitoba Real EstateWinnipeg’s Real Estate Market: A Decade of Steady GrowthSince the pandemic decimated the spring real estate market in Canada, we’ve seen an impressive bounce back: in Winnipeg, sales have jumped 36% since October 2019! But how do this month’s figures compare to the last decade? We’re looking at the last 10 years of October market activity to find out.
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Manitoba Real EstateManitoba Real Estate Market Update: September 2020Winnipeg’s real estate market is showing no signs of slowing down: sales for all property types broke the record for September, and strong buyer demand has contributed to the depletion of available listings. This, in turn, is putting upward pressure on prices.
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Manitoba Real EstateBuying an Investment Property: 5 of Canada’s Top Cities for RentalsThere are a lot of reasons why a rental property can be profitable, but if you’re thinking of making this type of investment, it’s important to look at the local rental market. Like residential real estate, each city or region has a rental market which can be measured with key metrics.
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Manitoba Real EstateManitoba Real Estate Market Update: August 2020The invigoration seen in Winnipeg’s real estate market made for a strong end to August, despite slight decreases from last month's soaring figures. Sales surpassed 1,800 for the third straight month, with a year-over-year increase of 28%.
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Manitoba Real EstateManitoba Real Estate Market Update: July 2020The Manitoba real estate market saw signs of recovery in June that has carried through to July. As a result, July set a record for sales and pushed Winnipeg’s year-to-date sales beyond its 2019 figures despite the pandemic.
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Manitoba Real EstateWinnipeg Home Sellers are Still Saving Thousands (even during COVID-19!)Winnipeg is a city with an ideal mix of urban living and nature, it is a great place to live, work, and play in – and a great place to save thousands in commission when selling your home!
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Manitoba Real EstateManitoba Real Estate Market Update: June 2020In Manitoba, we are seeing most markets are in a seller's market. In other words, there is not enough listings on the market to meet homebuying demand, which increases competition among homebuyers and can drive home prices up.
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Manitoba Real Estate5 Reasons to Buy a Home in Winnipeg, Right Now!Looking at capital cities across Canada, Winnipeg is one of the most affordable while still allowing residents to enjoy city living with a strong job market.
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Manitoba Real EstatePurplebricks REALTOR® Brings Joy to Children in Winnipeg During COVID-19Our REALTOR® Chris Wintink has been joining Covid-19 Cruises for Kids and helping children celebrate their birthdays in a special way during isolation.
