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 Dotc Housing Winnipeg 2014

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it's cooling off like the weather right now real estate experts say the Winnipeg housing market is in a healthier position than it was at the beginning of the year and is returning to normal as seen pre-pandemic 23 will probably look more like 2019. and we saw our prices go from about 380 000 at the end of 2021 to over 450 at the end of May now we're back to around where we started we're we're in the 380 000 range which is certainly more affordable for for buyers in our Market especially when you've given the fact that we've seen our interest rates go up Squire says variable rates are up as well with the Bank of Canada raising their overnight lending rates from 0.25 percent to 3.75 percent and is likely to go up another 0.25 points in December he says that although winnipeggers are used to lower rates there is hope for those going into the markets yes it is going to be a higher monthly payment but I think in many cases a lot of our buyers could still afford to buy a home in our Market

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