Real Estate Manitoba

Manitoba sits at the center of Canada and North America, and enjoys climate and landscape extremes. This allows various recreational activities that have attractive a good share of tourists. It is true what a lot of Manitoba tourism ads say – they’ve got it all!

The province has a wide range of commercial activities. Manufacturing leads the way; followed by agriculture, tourism, forestry and mining. Manitoba also has budding growth industries, such as Information Technologies and Telecommunications, Health Care Products and Services, Biotechnology and Environmental Industries.

The cost of living has stayed relatively low in the province, while housing rates remain the lowest against all Canadian provinces. At the same time, Manitoba’s gross domestic product has steadily increased since 2003. In that year, its GDP was at $37,451,000,000. This leaped to $48,586,000,000 in 2007.

The province has enjoyed a steady growth in its real estate industry. Real estate sales have gone over the edge in 2007 with record numbers, incomparable to records up to ninety-nine years prior. Dollar volume has increased by 21% since a year before, with $210 million. Sales rates are likewise impressive as more than 50% of MLS properties and condominium units were sold at or above their list price. Per area housing costs, particularly in Winnipeg, are also up: Elmwood by 23%, Wolsely by 17%, and the capital’s business core by 35%.

Projections anticipate the continuation of these positive economic trends. In real estate, analysts peg Manitoba’s capital Winnipeg as one of the most lucrative places to invest. They expect an increase from one to seven percent this year.

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