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Manitoba Realtors serving Winnipeg and Southeastern Manitoba. We care about you and want you to be informed with all of your real estate moves. Turning Realty into Reality!
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Thursday Mar 03, 2022
Thursday Mar 03, 2022
With bank of Canada increasing prime rate by.25 March 2 2022. Will that effect housing prices?
Short answer is no.
Buyers that are pre approved are currently locked into a rate and at .25 this is a very minimal increase.
We have a serious inventory shortage. When you look at data it all make sense of why housing price just keep going up.
Jan 1 2020 there were approximately 2000 single family detached homes on the market. Jan 1 2021 down to around 900 and this year Jan 1 2022 only around 650. It’s simply supply and demand.
If you want more information please reach out to us.
Turning Realty Into Reality
If you have any real estate questions feel free to ask us.
We are here to help you.
Book a call with us for a friendly consultation.
Stephen and Alicia Olyniuk
Team Olyniuk
RE/MAX performance realty
Stephen Cell 2049812009
Alicia Cell 2043924262
stephen@teamolyniuk.com
alicia@teamolyniuk.com
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#bestrealtorwinnipeg #bestrealtorsteinbach #whatsmyhomeworth #Howstherealestatemarket #howtosellmyhouse #sellingmyhome #howtosellmyhome
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