RE/MAX associates
1060 Mcphillips Street
Winnipeg, MB R2X 2K9
Phone: (204)989-9000 Mobile: (204)291-6924 Fax: (204)582-4751 Email Rhonda

Housing Market Outlook 2018

Housing Market 2018 RE/MAX

Demand is high in Winnipeg due to strong consumer confidence prompted by healthy local economy and continued low interest rates.
The OSFI mortgage qualification regulations that come into effect January 1, 2018 prompted some buyers to enter the market last  fall and are and are expected to result in a slowing of demand  this year as buyers adjust.

Purchasing power of potential move-up buyers looking for upper-end properties is also expected to be reduced in 2018 as a result of the new stress test.
Sales in March 2018 resulted in a slower first quarter

Sales in March resulted in a slower first quarter esprcially in comparison to the two best years on record in 2016 and 2017.

Current inventory of MLS listings going into the second quarter is almost identical to last year. It sits around 3,900 listings with a modest percentage gain in residential-detached listings available while condominium listings slipped slightly.

Winnipeg Real Estate Market Watch 2018