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What Canada’s Average Home Price Brings in Manitoba

The housing market in Canada has been booming in recent years and it appears that the trend will continue.

According to the Canadian Real Estate Association (CREA), the latest data showed that the average home price in April was $746,146.

In Manitoba, the median price is around $372,000 according to the Manitoba Real Estate Association (MREA), which is up from April 2021 when the median price was around $328,000.

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 this price.

85 MCKAY ROAD, ST. CLEMENTS, MANITOBA—$759,900

Located near the Perimeter Highway, this home features four bedrooms and four bathrooms. The home was originally built in 1990 and spans 2,460 square feet.

1803 390 ASSINIBOINE AVENUE, WINNIPEG—$764,411

Located in the heart of downtown Winnipeg, this 3 bedroom, 2 bathroom apartment is a great choice. The building is still brand new as it was built in 2019 and the living area is over 1,400 square meters.

84 COACH HILL ROAD WINNIPEG—$748,000

Built in 2011, this home is located in Bridgewater Forest. It has five bedrooms and four bathrooms, and the 2,236-square-foot home also has a wet bar.

24 BERRY HILL ROAD WINNIPEG—$768,000

This two story home in Prairie Pointe has four bedrooms and four bathrooms. It has an attached garage and a “low maintenance yard”. It’s also fairly new, being built in 2019 and spanning 1,787 square feet.

562 PRAIRIE ACRES BAY, GRANDE POINTE, MANITOBA – $769,900

This home sits on a two acre lot and the home itself is over 1,650 square feet. It was built in 2012 and has five bedrooms and two bathrooms. The house has a partially finished lower level and a large lounge.

THIS IS THE HOUSING MARKET IN MANITOBA

MREA President Julie Friesen said homes in the province continued to sell quickly and the average price of a home had risen.

“We’ve noticed that the numbers have been going down month-on-month and this can mean a change in interest rates and some buyer fatigue out there from low inventories. There are simply more buyers than apartments,” said Friesen.

Despite the drop, she said the average home price is up 13 percent, which she attributes to a tightening of supply.

“We encourage people to broaden their horizons. Don’t rule anything out. If condominiums or some rural communities were not an option before, we encourage people to consider all options.”

Looking at the May forecasts, Friesen expects a slight cooldown in the market as supply continues to be less available compared to the number of willing buyers.

“Although the stock has not been able to recover, we hope that more properties will come onto the market. That too could result in the weather improving. We found that flooding in some parts of the province presented some limiting factors. So I think this is only going to get better.”

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