Winnipeg's housing market is hot. Is it out of reach for first-time buyers?
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Winnipeg's housing market is hot. Is it out of reach for first-time buyers?
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Summary
Winnipeg’s housing market broke records last summer, with the average price of a detached home passing $443,000.
But as houses across Manitoba became more expensive, the national story was different. In January, the average home price in Toronto and Vancouver hit five-year lows.
Today, we’re taking a look at why the local real estate market's been hot, how it compares to other Canadian cities, and whether it signals the end of an era for the concept of a starter home.
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