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Winnipeg Houses And Real Estate

Winnipeg is both the largest city and the capital of Manitoba. Located at the near geographical centre of North America, Winnipeg has long enjoyed its status as an important grain distribution centre. Although it started off small, today Winnipeg is a large and cosmopolitan city with a diverse, ethnic population and a very attractive and laid-back way of life.

Key Benefits of Winnipeg Homes

  • Big city with a hometown atmosphere
  • Beautiful parks
  • Plenty of outdoors sports activities available
  • Great comedy clubs
  • Steadily growing economy
  • Still affordable housing market

 

Demographics of Winnipeg

The most current statistics put the population of Winnipeg at 706 749 people relocating and living in and around the city.

Lifestyle In Winnipeg

Despite Winnipeg's urban environment the city has managed to hang on to a wonderful hometown atmosphere - making the town and its citizens feel like they belong to one big family. This great vibe makes for a friendly and welcoming place where everyone feels happy to be a participating member and gives everyone a real sense of pride for their hometown. Although Winnipeg does have an excellent business community, people live for more than just work and happily claim a healthy work-life balance sometimes missing from Canada's other big cities. Offering plenty of things to see and do, the city is a fantastic place where life can truly be enjoyed.

Economy of Winnipeg

The Winnipeg economy used to be based almost solely on grain. However, with the hardship that the city experienced right after World War I when the grain prices were depressed, the city started to diversify into many industries. Today the city enjoys a steady and growing economy with its key industries representing a variety of fields such as transportation, distribution, aerospace, agribusiness, finance and insurance, biotech and life science, information and communications, media, electrical power, apparel and manufacturing.

Transportation In Winnipeg

Winnipeg is easily accessible from air, land or rail. The city itself has a well established bus system.

History of Winnipeg

Winnipeg is located at the junction of the Red and Assiniboine Rivers. It started off as a small trading post for the Hudson Bay Company and soon grew into a large town. It was incorporated as a city in 1873. Then in 1885 the construction of the Canadian Pacific Railway gave the city a real boost and made it a thriving, boomtown for the next thirty years. After the collapse of grain prices following World War I, the city had to restructure and expand its economy to include more diversified forms of business in order to continue growing. Today, Winnipeg is a successful and growing city that offers the best of urban life while still embracing the small town feel.

Property Market - Buy a house in Winnipeg

Just like most property markets in Canada, the Winnipeg property market is definitely doing well. However, despite its booming real estate sector Winnipeg still manages to have one of the more affordable housing markets in the country. The Winnipeg housing market also has a wide selection of homes for sale to suit different needs and lifestyles. There are homes available in the historic districts of the French Quarter, Osborne Village and Fort Rouge while the newer areas such as the Exchange District are hip neighbourhoods with turn-of-the-century warehouses now housing hip lofts. Consult a real estate broker in Canada for more suggestions and information in buying home in Canada.

Average House Price: $259 000 (April 2007)