Business

Winnipeg saw home prices soar at end of 2021


New data from Royal LePage shows that the home prices in Winnipeg soared at the end of 2021.


This increase brought the aggregate home price – which is the weighted average of the median values of all housing types -- to $357,000.


"We've been experiencing this since May of 2020, so it’s almost been two years now of the pandemic in the real estate market and it’s been headline news throughout.


Froese added that Winnipeg’s condos are seeing strong price increases due to a low supply of detached homes that is continuing to drive demand for more affordable housing.


Royal LePage noted that it is projecting that the aggregate price of a home in Winnipeg will increase six per cent in the fourth quarter of 2022 compared to the same period in 2021.


Nationally, the aggregate price of a home increased 17.1 per cent to $779,000 year-over-year in the fourth quarter of 2021.






Powered by Blogger.