Winnipeg Home Sellers are Still Saving Thousands (even during COVID-19!)
July 15, 2020
Winnipeg is one of the most affordable major cities in Canada. Home to diverse neighbourhoods and North America’s largest urban bison herd (yes, you read that right), Winnipeg does not disappoint residents or visitors. 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!
As the seventh largest population centre in Canada, many people enjoy living in Winnipeg where they enjoy city life balanced with accessibility to nature. And did we mention that homes are affordable? As of June 2020, the average selling price for a detached home in Winnipeg is $340,085, representing a year-over-year increase of 1.6% and a month-over-month increase of 3.9%1.
And even though we are in a pandemic, we are still seeing our Purplebricks home sellers in Winnipeg successfully sell their home while saving thousands in commission!
Region: North West
Commission Savings: $15,000†
Sold Date: June 21, 2020
Days on Market: 3
Region: South West
Commission Savings: $13,000†
Sold Date: June 7, 2020
Days on Market: 4
Region: North East
Commission Savings: $13,000†
Sold Date: June 4, 2020
Days on Market: 29
Region: South East
Commission Savings: $10,000†
Sold Date: June 12, 2020
Days on Market: 2
And as for homebuyers? The ratio of supply and demand in June, despite being in a pandemic, was skewed in favour of sellers, with 29% of residential-detached sales going for above list price (footnote 1). This means buyers may see some competition for homes currently on the market. If you purchase a home with a Purplebricks dedicated Home Buying REALTOR®, not only will you receive $2,000 in cash back*, our local agents will use their expertise to understand your needs and help you navigate the new market reality to land you your dream home. Added bonus – you can sign up for our automatic email alerts to keep you informed of homes that meet your criteria as soon as they hit the market.
Have a future post-secondary student in your home? You’re in luck, because Winnipeg is home to the University of Manitoba, University of Winnipeg, Red River College, Université de Saint-Boniface, and the Manitoba Institute of Trades and Technology (MITT). Each institution offers a unique experience. With over 29,000 students, The University of Manitoba is the only research-intensive university in Manitoba, and it is also the largest in the province. The University of Winnipeg is located in the downtown hub with over 9,600 students, and over 12% of the student population is international. Tackle education hands-on at Red River College, Manitoba’s largest institute of applied learning and research. Or perfect the French language at Université de Saint-Boniface where students have access to the widest choice of programs offered in French in Western Canada. And MITT offers secondary, post-secondary, and continuing education programs focusing on business and information technology, health care, human services, and skilled trades.
Pre-COVID-19 in February 2020, the unemployment rate in Winnipeg was 4.9%, which was less than the national average of 5.6%2. The pandemic has impacted unemployment rates across the country. As of May 2020, Canada’s unemployment rate is 11.5% and Winnipeg’s is 10.3%.
Winnipeg has a diverse economy3 spanning multiple sectors including aerospace, agri-business, insurance, manufacturing and transportation. The government is one of the cities major employers, while about 14% work in the public sector.
And did you know there is an exciting company that has an office in Winnipeg? You guessed it; we do! If you’d like to join us in revolutionizing the real estate industry, visit our careers page to explore current opportunities. We also have remote working opportunities for licensed real estate positions.
Do you travel for work? No problem! With the Trans-Canada Highway running right through Winnipeg, travelling throughout the province and the rest of Canada couldn’t be easier. Get to Manitoba’s second largest city centre, Brandon, in under three hours. And if flying is more your speed, you can catch an international flight at Winnipeg James Armstrong Richardson International Airport (of course, once the pandemic is over).
If you love the outdoors, look no further than FortWhyte Alive in Winnipeg. With 660 acres of forest, lakes and trails surrounded by bison, whitetail deer, and other wildlife, all your nature fantasies will be answered. This nature park and education centre offers outdoor fun year-round. Enjoy canoeing, biking, bird watching, snowshoeing, ice fishing, and more.
Another favourite spot in Winnipeg is Assiniboine Park. Featuring a zoo, conservatory, outdoor theatre, play equipment & more, this park is a fun spot for the whole family. A hub of relaxation, recreation, and education, much of the park is still open during COVID-19 with health and safety modifications, including the Assiniboine Zoo.
The Forks in Winnipeg checks a lot of boxes. It’s a historic site, market, dining complex, and recreation facility with greenspace on the Red River. A beloved location of both locals and visitors, it is a great place to socialize and support local vendors and eateries. Still not sold? You can grab a beer and shop at the same time! The Forks has a liquor license for the entire market. Eat, drink and be merry at The Forks! Although The Forks isn’t currently operating at full capacity due to COVID-19, you can still shop from the local vendors online.
And what else is at The Forks? The Canadian Museum for Human Rights, which is a national museum exploring the subject of human rights in Canada and worldwide. Built in 2014, the architecture is unique and has quickly become part of Winnipeg’s skyline. Right now, you can explore the museum virtually from home, or visit in person with some health and safety measures in place.
Ready to sell your home in Winnipeg or want to call it “home”? A Purplebricks REALTOR® can help.
Purplebricks is here to support Canadians by providing them with a full-service real estate experience while saving them thousands in commission when selling their home. As for homebuyers, we share the commission by giving buyers $2,000 in cash back* when they buy a home with us. Call 1-855-953-9533 for more information.