is a great city to put your money, according to new figures.
The January Teranet-National Bank Composite House Price Index
showed that, since June 2005, house prices in the Manitoba city increase the most of any of the 11 markets surveyed.
However, in January 2015, Winnipeg
posted its seventh price decrease in nine months, with a cumulative decline over that period of 0.6 per cent.
Across Canada, house prices were up just 0.2 per cent from the previous month, nearly cancelling out December’s decline.
The January rise interrupted a series of two consecutive monthly declines. But January prices were up in only five of the 11 metropolitan markets surveyed: 1.2 per cent in Vancouver
, 0.9 per cent in Victoria
, 0.6 per cent in Toronto
, 0.5 per cent in Halifax
and 0.3 per cent in Edmonton
Prices were down 1.6 per cent in Montreal, 1.1 per cent in Ottawa-Gatineau
, one per cent in Winnipeg
, 0.7 per cent in Calgary
, and 0.3 per cent in both Hamilton
and Quebec City.
The rise in Halifax
interrupted a run of three consecutive declines totalling 4.2 per cent, while Montreal’s decrease was the fifth in six months, for a net cumulative decline of 4.7 per cent.
It was a third straight monthly decrease for Quebec City, for a total decline of 2.7 per cent, and Ottawa-Gatineau
saw its fourth decrease in six months, for a net cumulative decline of 3.2 per cent. In these four markets east of Toronto
, recent price behaviour is consistent with buyer’s-market conditions.
For the latest data on median house prices, monthly growth and stock on the market across Canada, visit the CREW website to access the free Investment Hotspot tool.
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Investment Hot Spots:
Saint-Éphrem-de-Beauce, White Lake, Waweig, Orangedale, Newtown
If you’re an investor with a long-term perspective,