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Manitoba s real estate market matches the weather, it s hot, hot, hot
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First-time homebuyers could face financial crunch when province fully reopens, experts warn
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Brandon Sun By: The Brandon Sun
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Despite the COVID-19 pandemic, Manitoba’s real estate market was hot in 2020.
According to statistics sent out by the Manitoba Real Estate Association, sales have maintained momentum so far in early 2021.
In an email sent out earlier this week, the association said 975 properties sold in January, which represents a 28 per cent increase compared to January 2020.
Total sales for January were $297.1 million a 40 per cent year-over-year increase and a new record for the month.
The 1,572 new listings posted were, however, a 15.9 per cent drop compared to January 2020, but the average sale price jumped 9.8 per cent to $304,759.
How Winnipeg housing prices compare to the rest of the country
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