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
B.C. seeks ban on public drug use, dialing back decriminalization
The B.C. NDP has asked the federal government to recriminalize public drug use, marking a major shift in the province's approach to addressing the deadly overdose crisis.
Orca calf that was trapped in B.C. lagoon for weeks swims free
An orca whale calf that has been stranded in a B.C. lagoon for weeks after her pregnant mother died swam out on her own early Friday morning.
Trump's lawyers try to discredit testimony of prosecution's first witness in hush money trial
Donald Trump's defence team attacked the credibility Friday of the prosecution's first witness in his hush money case, seeking to discredit testimony detailing a scheme between Trump and a tabloid to bury negative stories to protect the Republican's 2016 presidential campaign.
Sophie Gregoire Trudeau on navigating post-political life, co-parenting and freedom
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
More than 115 cases of eye damage reported in Ontario after solar eclipse
More than 115 people who viewed the solar eclipse in Ontario earlier this month experienced eye damage after the event, according to eye doctors in the province.
'I was scared': Ontario man's car repossessed after missing two repair loan payments
An Ontario man who took out a loan to pay for auto repairs said his car was repossessed after he missed two payments.
Last letters of pioneering climber who died on Everest reveal dark side of mountaineering
George Mallory is renowned for being one of the first British mountaineers to attempt to scale the dizzying heights of Mount Everest during the 1920s. Nearly a century later, newly digitized letters shed light on Mallory’s hopes and fears about ascending Everest.
Air traveller complaints to Canadian Transportation Agency hit new high
The Canadian Transportation Agency has hit a record high of more than 71,000 complaints in a backlog. The quasi-judicial regulator and tribunal tasked with settling disputes between customers and the airlines says the backlog is growing because the number of incoming complaints keeps increasing.
U.S. flight attendant indicted in attempt to record teen girl in airplane bathroom
An American Airlines flight attendant was indicted Thursday after authorities said he tried to secretly record video of a 14-year-old girl using an airplane bathroom last September.