Winnipeg still offers the most ‘bang for buck’ in housing values
Winnipeg REALTORS®, the organization representing about 1,800 real estate professionals in and around Winnipeg, just released this interesting graphic, showing the average home price in 9 cities across Canada.[tweet_dis]Winnipeg’s average home value, at $274,000 comes in 2nd lowest across Canada.[/tweet_dis]
It is 2nd only to St. John’s NFLD. In fact, a home in Winnipeg will cost you about 20% of a similar home in Vancouver.[tweet_dis]And a home in Winnipeg is around 40% of the price of a home in Toronto.[/tweet_dis]
House prices are showing as (,000) dollars, so for example, Vancouver average price is 1,303,000, while Winnipeg is $274,000.
In addition, we have super low interest rates, a great economy and a good supply of homes on the market. This really is a great time to fire the landlord and buy a home (or move up to a bigger one).