- LET'S DO SOMETHING NOW - - - Rental Market Solutions Need to be Implemented

A discussion paper on Manitoba’s acute rental shortage, released today by WinnipegREALTORS®; calls for action now to turnaround a long protracted shortage of rental housing. Winnipeg’s .8% rental vacancy rate (lowest vacancy rate of 34 census metropolitan centres surveyed in the nation by the Canada Mortgage and Housing Corporation in fall 2010) is a contributing factor in making Winnipeg’s housing less affordable. It is also limiting good housing market choice and flexibility since rental is so scarce...

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- 2011 GETS OFF TO A GOOD START - - - A New MLS® Dollar Volume Record Set for the Month of January

It appears some homeowners may have been a little more conscientious about keeping their driveways and entranceways shoveled and cleaned this month as listings were up noticeably from last January. Buyers were out and about as well. This resulted in WinnipegREALTORS® having its fifth highest January sales performance on record for MLS® sales. A new record January MLS® dollar volume was established too. Interestingly enough, with all the talk this year of another potential major spring flood, the best January ever at 660 sales (far surpasses anything since then) was in 1997...

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- DECEMBER AGLOW WITH BRIGHT MLS® NUMBERS - - - Highest Monthly Average Home Price at $252,000

December was a month to remember with WinnipegREALTORS® recording its highest average monthly home sales price ever at $252,414. The previous high was June 2010 at $250,440. This record is not typical of a December. Historically, the highest monthly average sales price tends to be in the busier spring months. The month of the year is becoming far less significant as a determining factor of average monthly sales price and not surprisingly the prevailing tight housing market conditions is the primary cause...

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- ANOTHER DOLLAR VOLUME RECORD FOR NOVEMBER - - - A 10% Increase Over 2009

November 2009 may have had better weather and 8 more MLS® sales than this November, but dollar volume once again in 2010 displayed its unrelenting march to greater heights. It increased nearly 10% over the previous highest November dollar volume in 2009. As a result, WinnipegREALTORS® has achieved its highest annual MLS® dollar volume on record at $2.58 billion, and there is still a month to go. This eclipses the previous best annual dollar volume record set in 2009 of $2.47 billion...

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- YEAR-TO-DATE MLS® SALES EVEN WITH 2009 - - - October MLS® Sales Down 3%; MLS® Dollar Volume Up 6%

If this was an election it would be too close to call. On the final stretch drive with two months to go it is a dead heat in terms of MLS® sales compared to last year. There are only 28 more MLS® sales in 2010. However dollar volume is a different story. It is up 10% in comparison to 2009 and while sales do drop off at year end there should be no doubt WinnipegREALTORS® will set its 10 th consecutive annual MLS® dollar volume record in 2010. 2001 finished with a dollar volume level just shy of the $1 billion mark. Ten years later the final amount could possibly reach $2.7 billion...

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- ANOTHER SEPTEMBER TO REMEMBER - - - Nearly One-Quarter of $1 Billion Transacted on MLS® in September

It took until the month of September last year to set a new sales and dollar volume MLS® record in comparison to the same month the year previous. Ditto for 2010. Like athletes vying for new records in the Olympics or Commonwealth Games, September 2010 sets the bar higher again for what September 2011 will have to achieve if there is to be a new MLS® sales record for this month. It was noted summer was a little slower than usual this year so it certainly appears cottagers and vacationers entered the fall market in larger numbers than 2009...

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