If you are looking to purchase a home in Winnipeg, you have probably been doing a ton of research on Winnipeg mortgage rates and other mortgage and real estate related statistics. This type of information can be incredibly useful as you are planning for the financing of your dream home, but with the vast amounts of information available, this can often turn into a time-consuming task.
As mortgage professionals, we feel that it is part of our job to conduct this exhaustive research for you! We know the best places to look and the fastest way to find you the most competitive rate for your mortgage.
Of course, while we know how nice it can feel for you to be able to sit back and relax while we do the heavy lifting for you, it is also nice to be informed and involved along the way. We always keep our clients in the loop, throughout the entire mortgage process and we ensure you will be provided with the information you need to make informed, confident decisions when it comes to finalizing your mortgage agreement.
Over the years, we have found that local market statistics is a great source of information for both ourselves and our clients. They keep our insight into the local market current and can help our clients make decisions about the homes they are searching for in the area.
In April 2017, there was a total of 123 completed properties in the residential freehold market. This is down almost 23% from the 159 completions in April 2016. Of the completed homes in the Winnipeg area, 116 were sold in April 2017, down again from the year before.
There were 29 homes that sold for under $350,000, 32 homes that sold for a price between $350,000 and $399,999, 21 homes that sold for a price between $400,000 and $449,999, 10 homes that sold for a price between $450,000 and $499,999 and 13 homes that sold for more than $500,000. The proportion of homes that were sold in the two highest price ranges have flipped since this time last year, but the rest of the categories all received roughly the same percentage of home sales on a year to year basis.
If you are interested in purchasing a home in the area and would like more information on Winnipeg mortgage rates and options, give us a call today! We look forward to helping you save on your home financing!