Chris Dudeck

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Despite recent headlines of record home prices across Canada, a 2012 study by Coldwell Banker Real Estate LLC indicates there are still many affordable markets where Canadian buyers can achieve their dream of homeownership.  Coldwell Banker has issued its annual Home Listing Report (HLR) revealing several of Canada’s most affordable real estate markets. 

Affordability remains strong in many markets across the country as close to thirty Canadian markets analyzed by the report had an average home listing price of less than $300,000 for four-bedroom, two-bathroom homes.  

Winnipeg, despite steady annual price increases since the late 90's, still remains at the middle of the pack; ranked 33rd out of the 74 markets studied across Canada, as prices are listed lowest to highest. 

Full Canadian ranking can be viewed here.  (Make sure you pick "Canada" from the drop down tab)

Windsor, Ontario was Canada’s most affordable market, averaging a $170,991...

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WinnipegREALTORS® Press Release, December 6, 2012

Winnipeg - While it may be the last quarter of the year with sales activity slowing down in comparison to the spring market, it was not the case for the upper tier of the residential-detached market. Five house sales all went for above $1 million with one commanding $2 million.

It is only the second time in WinnipegREALTORS® history in which a house has sold for $2 million or more. In 2006, another stately mansion home sold for $2,025,000. Despite November MLS® sales being down slightly less than 4% from the best November ever last year, the upper end residential-detached market of $500,000 or more saw an increase of 25% . There was even one condominium sale in November for $650,000.

November 2012 MLS® sales are only second to 2011 and 2007 where sales in the high 800s are virtually identical. Interestingly enough these are the two same years 2012 is competing with for the overall best year on record for total MLS®...

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