Wednesday, April 13, 2011

Winnipeg House Prices Surpass National Average

Two-storey Digs Ride Price Rocket
THERE'S a new filly leading the local house-prices derby -- the standard two-storey home, according the latest survey by Royal LePage. The real estate firm said Tuesday the average selling price of a two-storey home in Winnipeg increased at one of the fastest paces in Canada during the first quarter this year, jumping by 7.1 per cent to $297,125 from $277,375 a year earlier. The only city among the 16 surveyed with a bigger year-over-year gain was Vancouver, at 9.7 per cent. The surge in two-storey house prices is a change from previous quarters, where bungalows led the charge. But even so, the average price for a bungalow climbed 3.8 per cent to $269,250 from $259,313, and the price of a standard condo rose by four per cent to an average $167,429 from $161,000...Winnipeg also had the third largest year-over-year gain in prices, at 4.6 per cent, eclipsing the national average hike of 2.1 per cent.

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