Real Estate News Winnipeg- Winnipeg's Home Sales are on the rise, and the market is heating up. Here;s more about it.
Warmer Weather Reheats Market - June sales this
year are only off the best June ever by five per cent. June dollar
volume set a new record of $392 million for the month, which helped to
bring year-to-date dollar volume within less than two per cent of last
year’s dollar volume total.
Surge In Winnipeg Condominium Sales - WinnipegREALTORS® reported that June condominium sales were primarily in the more affordable $150,000 to $199,999 price range, which contributed to 31 per cent of sales. Another 19 per cent of sales fell within the $200,000 to $249,999 price range.
Fear of Housing Bubble Diminishes - “Increases in mortgage interest rates likely prompted some buyers with pre-approved mortgages to jump off the sidelines and into the market in June, particularly in larger, more expensive urban markets where affordability is strained,” said Gregory Klump, CREA’s chief economist.
Builders Want Return To 30 Year Mortgage - Canadians have been extremely diligent in paying off their mortgages as quickly as possible, generally in about two-thirds of the original intended time period. In a recent report by the Canadian Association of Accredited Mortgage Professionals (CAAMP) for mortgages completed from 2010 to 2013, it was found that the actual average amortization length was 11.7 years, compared to an original average term of 17.9 years.
Winnipeg Real Estate Forum | Informa Canada - Real Etate News Winnipeg - The Winnipeg Real Estate Forum, is a biennial (held on even years) conference that provides valuable insight into trends, key issues and challenges facing professionals active in the acquisition, management, financing and development of all ...