What Canada’s average home price will get you in Manitoba
The housing market has been booming over the last couple of years in Canada and it appears that trend is continuing.
According to the Canadian Real Estate Association (CREA), the latest data shows the average home price in April was $746,146.
In Manitoba, the average price sits at around $372,000, which is up from April 2021 when the average price was around $328,000, according to Manitoba Real Estate Association (MREA).
But, what could the average Canadian home price buy you in Manitoba?
Here are a few examples of what is currently on the market for around that price.
85 MCKAY ROAD, ST. CLEMENTS, MANITOBA - $759,900
This home is close to the Perimeter Highway and features four bedrooms and four bathrooms. The home was originally built in 1990 and spans 2,460 square feet.
(Source: realtor.ca)
(Source: realtor.ca)
(Source: realtor.ca)
1803 390 ASSINIBOINE AVENUE, WINNIPEG - $764,411
Right in the heart of Downtown Winnipeg, this apartment has three bedrooms and two bathrooms. The building is still brand new as it was built in 2019 and the living space is over 1,400 square feet.
(Source: realtor.ca)
(Source: realtor.ca)
(Source: realtor.ca)
84 COACH HILL ROAD WINNIPEG - $748,000
This home was built in 2011 and is located in Bridgwater Forest. It features five bedrooms and four bathrooms and the 2,236-square-foot home also features a wet bar.
(Source: realtor.ca)
(Source: realtor.ca)
(Source: realtor.ca)
24 BERRY HILL ROAD WINNIPEG - $768,000
This two-storey home in Prairie Pointe has four bedrooms and four bathrooms. It has an attached garage and includes a "low maintenance yard." It is also fairly new as it was built in 2019 and spans 1,787 square feet.
(Source: realtor.ca)
(Source: realtor.ca)
(Source: realtor.ca)
562 PRAIRIE ACRES BAY, GRANDE POINTE, MANITOBA - $769,900
This home is on a two-acre lot and the home itself is more than 1,650 square feet. It was built in 2012 and has five bedrooms and two bathrooms. The home has a partially finished lower level and a large rec room.
(Source: realtor.ca)
(Source: realtor.ca)
(Source: realtor.ca)
WHAT MANITOBA’S HOUSING MARKET LOOKS LIKE
Julie Friesen, president of the MREA, said houses in the province continue to sell rapidly and the average price of a home has increased.
“We have noticed month over month the numbers have decreased and this can a result in the change of interest rates and a bit of buyer fatigue out there, due to low inventory. There simply is more buyers than homes,” said Friesen.
Despite the decrease, she said the average home price has gone up 13 per cent, which she links to a supply shortage.
“We are encouraging people to broaden their horizons. Don’t rule anything out. If condos or some rural communities weren’t an option before, we encourage people to look at all options.”
Looking at May projections, Friesen expects a bit of a cool down on the market as supply continues to not be as available compared to the number of ready buyers.
“While inventory has not been able to recover, we are hopeful more properties may come to the market. Again, that might boil down to the weather improving as well. We have noticed that with the flood, some parts of the province, those were some limiting factors. So I believe that is only going to get better.”
CTVNews.ca Top Stories
Ottawa injects another $36M into vaccine injury compensation fund
The federal government has added $36.4 million to a program designed to support people who have been seriously injured or killed by vaccines since the end of 2020.
'Secret report' or standard research? B.C. government addresses safe supply allegations
B.C.’s premier and one of his top lieutenants are pushing back against allegations by the Official Opposition that he covertly commissioned a report into the diversion of safe supply drugs onto the streets.
Video shows suspects waving weapons, smashing glass in Toronto jewelry store robbery
Arrests have been made after five men were captured on video rampaging through a jewelry store in Toronto, waving weapons and smashing glass display cases.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
She was too sick for a traditional transplant. So she received a pig kidney and a heart pump
Doctors have transplanted a pig kidney into a New Jersey woman who was near death, part of a dramatic pair of surgeries that also stabilized her failing heart.
What Canadians think of the latest Liberal budget
A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes.
opinion Why you should protect your investments by naming a trusted contact person
Appointing a trusted person to help with financial obligations can give you peace of mind. In his personal finance column for CTVNews.ca, Christopher Liew outlines the key benefits of naming a confidant to take over your financial responsibilities, if the need ever arises.
'One of the single most terrifying things ever': Ontario couple among passengers on sinking tour boat in Dominican Republic
A Toronto couple are speaking out about their 'extremely dangerous' experience on board a sinking tour boat in the Dominican Republic last week.
Teacher shortages see some Ontario high school students awarded perfect grades on midterm exams
Students at a high school in York Region have been awarded perfect marks on their midterm exams in three subjects – not because of their academic performances however, but because they had no teacher.