Winnipeg a buyers’ market
New data from realtors in Winnipeg shows that there are more MLS listings in the area now than at any time since 1995. In the first quarter of 2015 there were 5,499 listings, 37 per cent higher than the 10-year average. March listings were 26 per cent higher than a year earlier. David Mackenzie of WinnipegREALTORS said that it’s a great time for buyers with high listings and low interest and mortgage rates: "Our mortgage brokers are telling us we have likely not seen rates as low as we have now since the '50s or '60s." For sellers though there is greater competition, pushing down selling prices. The figures show that 70 per cent of houses and 71 per cent of condos are selling for below the listing price. Homes in the $250,000 to $299,999 range are attracting the most interest and are selling within 28 days on average.