Winnipeg expected housing increase in 2019 identified as a ‘win’

Royal LePage has released a survey showing that Winnipeg’s housing market is expected to increase by 1.3 per cent in 2019.The report says the region’s diverse economy and immigration is expected to put upward pressure on home prices.When asked by Global News Radio 680 CJOB what Winnipeg’s housing market looks like next year, Michael Froese, managing broker of Royal LePage, says Winnipeg is “resilient.”Story continues below

“Winnipeg, like much of Canada, has faced a lot of regulatory changes and external forces that have had some negative impacts on the market, but Winnipeg continues to hold strong,” Froese said.READ MORE: Local housing industry optimistic despite negative market assessmentThe federal election could put a slight impact on the prices, according to Froese.He says Winnipeg’s real estate market took a large pause as a result of the uncertainty in previous elections.READ MORE: Winnipeg’s housing market continues downward slide at 12 per cent in SeptemberRoyal LePage says Winnipeg is still on track to be one of the strongest economies in 2019.The aggregated price of houses is expected to be $309,829 next year, which isn’t a huge leap compared to other provinces.The greater Montreal area has the highest price increase, expecting a three per cent rise.Get daily local headlines and alerts