Few set up shop in mixed-use buildings

Urban planners laud them, condo buyers love them, but mixed-use commercial/residential developments have yet to win the hearts of Winnipeg retailers.

The Excelsior on Waterfront Drive, Place Joseph Royal on Provencher Boulevard, Pulse on River Flats & Lofts on River Avenue — there’s no shortage of high-profile commercial/residential developments that have been a hit with residential users, but a bust with retailers.

With The Excelsior, for example, Sherwood Developments Ltd. has sold 46 of its 48 residential units, but has leased out only 850 of its 11,000 square feet of commercial space. And that’s after three years of trying.

Place Joseph Royal has sold all 58 of its residential condos, but has leased out less than half its 8,000 square feet of commercial space.

And Pulse on River has sold 41 of its 44 residential condos, but the building’s commercial listing agent,Rennie Zegalski of C.B. Richard Ellis Chartier & Associates, is having a tough time finding tenants for the two main-floor commercial units.

It’s been a similar story over at the Excelsior — lots of tire-kickers but few buyers, according to Sherwood Development president Fausto Pereira.

Pereira admits he’s perplexed by the lack of interest on the part of retailers or other commercial operators.

“I thought we’d be at least 50 per cent leased by now.”

Officials have a few theories about why local retailers aren’t going gaga over mixed-use developments.

Pereira and CentreVenture Development Corp. CEO Ross McGowan said one of the most common complaints they hear is that there aren’t enough people living in the Waterfront Drive/East Exchange area to support businesses like grocery stores, bakeries or coffee shops and restaurants.

Another is that $20 per square foot, the going net rate for new retail space in the city, is too pricey for most mom-and-pop-style retailers.

That means developers and city officials need to find a way to make the rents more affordable, said Jino Distasio, director of the University of Winnipeg’s Institute of Urban Studies.

Distasio said other cities have used a combination of tax breaks and rent subsidies to accomplish that, and he noted the City of Winnipeg already offers some tax breaks for downtown developers.

McGowan said CentreVenture is also willing to consider rent subsidies as a way of spurring more downtown retail development. But it’s up to developers and property owners to come up with proposals. “We’ll help, but we’re not going to lead,” he said.

The rent-reduction approach worked with the lone retail tenant that Sherwood Developments has lured to The Excelsior.

Angela May, owner of Lash Love/Love Nail Bar, said she was able to negotiate a break on her rent, although she isn’t allowed to say how much of a break. That, coupled with Sherwood’s willingness to help with tenant improvements to her space, is what persuaded her to set up shop there.

Distasio said higher population densities is one of the reasons why mixed-used developments have been so successful in larger cities.

It also helps that larger cities often have subways or some other form of rapid transit, he said, because mixed-used developments often spring up around key transit stops.

http://www.winnipegfreepress.com/business/Few-set-up-shop-in-mixed-use-buildings-68545687.html

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Article Storehouse | Do It Yourselfer Mike the Plumber

Do It Yourselfer Mike the Plumber

By: Terry S Vostor

It is often coined that you can tell the skill level and thoroughness of a tradesman by inspecting his toolbox. By having specific and the correct tools for the job this signals the completeness and competency level afforded and valued by the worker or even home handyman to be awarded or even given the job or tasks

Although the tools that you decide to purchase depend on how deeply you are involved in home repairs in general and in plumbing projects in particular , there are certain basic tools that any self respecting do it yourself plumber should have.

Copper pipe and copper tubing require some special tools. Since you should avoid using the infamous hacksaw on copper pipe, be sure to have a tubing cutter in your toolbox. A small size cutter moreover makes it so much easier to work in close quarters, and you will be amazed at how many plumbing chores are performed in cramped surroundings. You will also need a propane torch for sweat soldering and a flaring tool for making flare connections at pipe joints.

Just like copper pipes, galvanized steel pipes also require some special tools. When cutting such a pipe you should have a combination vise one that has a section with pipe jaws or a yoke and chain vise, both are which are made especially for pipe work. A pipe cutter tool is easier to use than a hacksaw, but be sure that the cutter is designed for galvanized steel pipes.

Pre-prepared forms of stainless steel or commercial types of tubes and plumbing fixtures are more convenient to handyman. Still blank units can well be better time value overall – you can count that the extra effort to thread and furnish your own products will perfectly fit the threads completely and ,fully without leaking in the seams or joints over the greatest passages of time. Even though your plumbers skills may be limited you can bet that there is always someone more knowledgeable to inquire to – whether by telephone or online. Take time to delve deeper for greater expertise. If in doubt simply call Mike the plumber note Mr. know it all and great fore-giver of personalities Max Labovitch.

None of the equipment required are especially unique that they could not be found at your local Canada tire big box store. The care of the tradesman is in their choice and choices. Rigid plastic pipe can be cut with a fine-toothed hacksaw (or if you prefer a plastic tubing cutter); Its amazing the level of finished trim afforded by simple hobby knifes – not unlike those utilized by the hijackers of planes on 9-11. On most common types of plastic pipe and pipes fittings are joined with solvent cement. The advantages to a flare fitting are that they can be taken apart easily with a pair of open-ended wrenches; and that they can be used in situations where sweat soldering is either dangerous ( fire hazard) or next to impossible ( that being usually uncontrollably wet conditions. The flip side of the equation is that flare fittings are much more costly than the ones you simply sweat-solder; Its just a matter of simply tightening the bolts.

Lastly for sealing large cast iron drainpipes against leaks, you will need a caulking tool for packing the oakum into the joint, a melting pot for heating the lead. And a ladle for pouring the molten lead over the oakum.

Author Resource:-> Terry S Vostor One Hour Wpg ManitobaFurnace Deals 1 Hours Furnasman Winnipeg http://onehourcanada.com

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Sam said it

Mayor Sam Katz met last week with the Winnipeg Sun’s editorial board, discussing everything from photo radar to a police helicopter to funding for renovations to Canad Inns Stadium, all of which were the subject of Sun stories in recent days.

A collection of Katz’s thoughts on some other matters discussed during that same meeting:

Property taxes:

— “You can’t keep property taxes frozen forever. Is (lifting the freeze) a possibility? Yes, but I’m definitely not there at this stage of the game.”

— “The City of Winnipeg is too dependent on property taxes.”

— “There are many sources of revenue. There are user fees. To me that might be a fairer way. You use you pay, you don’t use, you don’t pay.”

— “A 1% increase in property taxes gets you $4.5 million. If you get one point of the PST, it’s $110 to $130 million. You can see they’re night and day.”

On changing the way the city accesses money from the province:

— “I think grants are silly. When you’re trying to teach your eight-year-old responsibility about money, allowances are wonderful. But saying here’s some money — be a good boy and there will be more, or giving you money so there’s a photo op, that stuff to me is nonsense.”

— “I think there should have been a greater commitment to the City of Winnipeg. I understand they had other problems to solve, but often they solved them by throwing money at them, and that’s a short-term solution. Figure out where your priorities are and that’s where you put your money.”

On finding efficiencies at city hall:

— “I personally believe we can be more efficient and save money at city hall … I think there’s a lot of duplicating. There’s definitely room in management (for job reductions).”

On running for mayor again in 2010:

— “Bottom line, I have every intention of running.”

On the Canadian Museum for Human Rights requesting more money for construction costs from the city:

— “They definitely asked for more money. I think the City of Winnipeg has made a significant contribution and my answer to date has been between our cash contribution and our services in kind, it was about $20 million. That’s a significant contribution to a significant project. I basically told them they should continue to go out there and find private sector money.”

On the possible return of the NHL:

— “I don’t know of anyone who is genuinely working on trying to get an NHL team in Winnipeg.”

— “It should be private sector-driven. If there are members of the private sector who want to bring an NHL team to Winnipeg I’d be one of the first ones to buy season tickets.”

On his legacy:

— “My legacy is Ava and Kiera Katz. My children are my legacy. And maybe the ballpark in my private sector life … (As for public legacy) what I want to see is a city that functions well and spends taxpayers’ dollars wisely.”

On his first meeting with new Premier Greg Selinger:

— “We had a very positive conversation and I think he and I will have a very good relationship. We’re both pretty straightforward guys who put it on the table. We were supposed to have a half-four meeting and it turned into an hour.”

On downtown development:

— “I’d love to take a two- or three-block area, start from scratch and do it the way it needs to be done.”

http://www.winnipegsun.com/news/winnipeg/2009/10/31/11592396.html

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Katz must trim labour costs

Mayor Sam Katz says he has no plans to raise property taxes until the city has done everything it can to cut costs and reduce waste.

I’m glad he’s reiterating that publicly because we still hear from some quarters that city hall has already cut spending to the bone and has no choice but to increase taxes.

“From the city’s point of view, we still have work to do in-house where I think we can do things better, we can save money in certain areas, we can be more efficient,” Katz said this week during an editorial board meeting with the Winnipeg Sun. “I always said when we have that in order then I will look at property taxes.”

It’s a myth that city hall has cut spending to the bone. The city has made some cuts but spending is still wildly out of control in some areas, including labour costs. City hall’s single biggest expense is labour costs. Salaries and benefits made up 53% of total costs at the city last year, according to the city’s 2008 annual report. Despite claims by some city officials and councillors that city hall is doing everything possible to contain costs, those labour costs have skyrocketed over the past five years.

In 2003, the average number of employees at the city was 8,385, costing taxpayers $465 million in salaries and benefits. In 2004, the year Katz became mayor — albeit halfway through the year — that number jumped to 8,788 employees at a cost of $496 million.

The size of the workforce continued to grow over the next two years and by 2006 there were 8,836 employees at a cost of $531 million. The average number of employees began to fall somewhat after that, but costs didn’t.

By 2008, there was an average of 8,402 employees. But total salaries and benefits soared to a staggering $565 million. That’s where costs are out of control. And that’s where Katz and city council have to get their act together before they can even talk about raising property taxes.

Labour costs have grown by $100 million over five years. That’s a 21% increase, or twice the rate of inflation. It’s completely unacceptable. Most city workers, including middle managers, are represented by one of eight unions. Trouble is, the city refuses to negotiate aggressively during labour talks and agrees to contracts that drive up employee costs at twice the rate of inflation.

“When you look at anytime we renew any agreements, they exceed inflation,” Katz confirmed.

But when is the last time we’ve seen the city really take on the unions during collective bargaining, like the city of Toronto did this year?

We want labour peace, but not at any cost. We certainly can’t have taxpayers shelling out 21% increases over five years for salaries and benefits.

So I agree with Katz, the city still has some work to do before it can say it has no other recourse but to raise property taxes.

Which is why Katz, when asked, says he has no plans to jack up rates next year.

“Are you asking me if I intend to specifically support increasing taxes? No, I haven’t landed on that at this stage in the game,” said Katz.

“Is it a possibility? Yes, but I’m definitely not there at this stage in the game.”

My bet is he won’t be come 2010.

http://www.winnipegsun.com/news/2009/10/28/11551721.html#/news/columnists/tom_brodbeck/2009/10/28/pf-11548351.html

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Housing Market on recovery

“In the last six to nine months, demand for housing was decrease in Winnipeg and in Manitoba, but it has picked up a good deal. Sales of existing homes in November, 2009 set a dollar sales record of $173 million compared to $113 million in November, 2008. People have recognized that the worst of the downturn is over. Potential home buyers are now more willing to enter the marketplace, confident of what the future holds.” said Jeff Powell, senior market analyst for Canada Mortgage and Housing Corporation in Winnipeg.

This can be seen as a good sign of recovery, well, at least for the housing market. The prices of built houses are in recovery and more homes and condos are being constructed based from what Canada Mortgage and Housing Corporation issued. The CMHC data foresees a 10% improvement in building and sales activity in 2010. However, the price growth of houses is yet unclear due to rising interest rates on Main Street which will have an impact with the Main Street recovery.

The said recovery is supported by growing employment rates and increased consumer confidence. As a matter of fact, The Bank of Canada will be raising short interest rates and lenders, who have more positive response to what the bond market says money cost, are already pricing higher rates into mortgages. The economic recovery and the status of the housing market right now rest on increasing consumer confidence. This could take an effort to maintain considering changing interest rates moving from a low 1.5% to 3% and 4$ or more.

Housing market trends in Canada had gone up and down for one reason, market liquidity. When market declines, houses for sale rise, house owners want to sell but couldn’t find the right deal. This goes the same way with buyers which yield to no closed business. On the other hand, during good market condition, house buyers become more eager to make deals before prices appreciate more. Liquidity rate and sales volume mark significant growth.

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Canadian Taxpayers Federation handed out survey figures

The Canadian Taxpayers Federation (CTF) has released the results of the six item question municipal candidate survey held for the civic election in Saskatoon. The survey is bound to know more about taxation powers and levels, capital projects with potentially high expenses, and recycling.
Among the 11 eleven respondents of the Canadian Taxpayers Federation’s survey, seven were open and recognizes the ability for the City of Saskatoon to levy more kinds of taxes, two were undecided and the two left (Robert Godfrey and Mark Horseman) completely opposed any appeals that would allow the city to receive such powers.
“The movement amongst mayors and city councils to want more tax powers is strong,” said CTF Saskatchewan Director Lee Harding. “Toronto received additional taxation powers in 2006 and has since levied a Municipal Land Transfer Tax and a Municipal Vehicle Ownership Tax. “The City of Winnipeg ran with this idea after it was proposed by the CTF, and it has been quite the success,” continued Harding. “With the strong support for this idea from council candidates, hopefully Saskatoon will soon be the next to implement it city-wide.”
One of the opposed candidate, Mark Horseman was against spending tax money to replace the Mayfair Pool, Saskatoon’s least-used and slated for closure. This act would in fact save an estimated $5 million of taxpayers money. On the other hand, Carol Reynolds opposed the blue box recycling program of the city.

The Canadian Taxpayers Federation (CTF) has released the results of the six item question municipal candidate survey held for the civic election in Saskatoon. The survey is bound to know more about taxation powers and levels, capital projects with potentially high expenses, and recycling.

Among the 11 eleven respondents of the Canadian Taxpayers Federation’s survey, seven were open and recognizes the ability for the City of Saskatoon to levy more kinds of taxes, two were undecided and the two left (Robert Godfrey and Mark Horseman) completely opposed any appeals that would allow the city to receive such powers.

“The movement amongst mayors and city councils to want more tax powers is strong,” said CTF Saskatchewan Director Lee Harding. “Toronto received additional taxation powers in 2006 and has since levied a Municipal Land Transfer Tax and a Municipal Vehicle Ownership Tax. “The City of Winnipeg ran with this idea after it was proposed by the CTF, and it has been quite the success,” continued Harding. “With the strong support for this idea from council candidates, hopefully Saskatoon will soon be the next to implement it city-wide.”

One of the opposing candidate, Mark Horseman was against spending tax money to replace the Mayfair Pool, Saskatoon’s least-used and slated for closure. This act would in fact save an estimated $5 million of taxpayers money. On the other hand, Carol Reynolds opposed the blue box recycling program of the city.

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Complex society means time to update funding system for cities

Urban areas in Canada are funded by three generators of revenue:

  • Grants from senior governments
  • Fees and fines
  • Property taxes

It has been a system that operated well for years and had funded lots of things such as roads, sewers, water and a few other similar items.

Unluckily, that system does not work with the complex society we have right now. We anticipate more from our cities. We expect transit services for those with no transportation of their own, welfare for our poorest citizens, parks and pools for our recreation, and a whole host of other services and regulations that have become indispensable in our society.

Setting a city budget is never simple. Council Members, who are not fiscal experts, have to wade through thousands of pages of papers set up by city staff in a few weeks, all the while facing tremendous political pressure from citizens to keep taxes low while retaining or improving the services demanded by these same taxpayers. The expectation of citizens has also become a factor. People want services in their area such as parks and pools and they expect that the city will provide them in their areas.

The notion that the needs of a modern municipality can be met with an 18th century property tax system is absurd. Property taxes make no distinction between the ability of a property owner to pay and the value of the land that he owns. The apocryphal widow on a fixed income who is barely scraping by being forced to give up her home because of a property tax increase has become a far more real possibility.

Income tax, regardless of how much we hate it, has at least the benefit of being based on your ability to pay the tax. If you don’t make a large income, you pay little or no tax; if you make lots of money, you pay more tax. Of course, this system has its flaws as well, but it does not force people out of their homes.

Of course, cities would compete against each other to have low tax rates — or better services with higher taxes as they do now to a certain extent with property tax levels.

An even better reason to go for a municipal income tax is an immediate reduction in property tax levels. With the new income tax, property taxes could go back to funding only stable infrastructure costs. This would give property owners a break while these same property owners pay increased income taxes based on ability to pay that tax.

As with any system, there would be winners and losers. However, any change would probably be an improvement over the mess that we are currently in.

http://www.brantfordexpositor.ca/ArticleDisplay.aspx?e=1702503

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New Regulations Aiming to Soost Manitoba business investments

Recently, an announcement was made by Rosann Wowchuk, Minister of Agriculture, Food and Rural Initiatives; it is about a new regulation that aims to provide Manitoba enterprises with increased access to capital under the Community Enterprise Development Tax Credit. The said program will give the locals valuable personal tax credits for investing in community-based projects.
The amendment to the Community Enterprise Development Tax Credit Regulation will elevate the share approval limit for the planned project from $500,000 to $1,000,000. When the proposed project is authorized, a company releases shares eligible for the tax credit.  In return, people who invested with the shares receive a personal income tax credit equal to 30 percent of their investment. Be reminded that the maximum investment limit for an investor is $30,000 which is equivalent to tax credit of $9,000. Investments can be accomplished either directly in an investor’s own name, through their retirement savings plan (RRSP) or through their tax-free savings account.

Recently, an announcement was made by Rosann Wowchuk, Minister of Agriculture, Food and Rural Initiatives; it is about a new regulation that aims to provide Manitoba enterprises with increased access to capital under the Community Enterprise Development Tax Credit. The said program will give the locals valuable personal tax credits for investing in community-based projects.

The amendment to the Community Enterprise Development Tax Credit Regulation will elevate the share approval limit for the planned project from $500,000 to $1,000,000. When the proposed project is authorized, a company releases shares eligible for the tax credit.  In return, people who invested with the shares receive a personal income tax credit equal to 30 percent of their investment. Be reminded that the maximum investment limit for an investor is $30,000 which is equivalent to tax credit of $9,000. Investments can be accomplished either directly in an investor’s own name, through their retirement savings plan (RRSP) or through their tax-free savings account.


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1. CBC News – Manitoba – Concerns raised about furnace company’s

1 Jun 2009 A CBC News investigation has raised questions about the repair Heating and Air Conditioning, one of Winnipeg’s biggest furnace retailers. CBC.ca Homepage The inspection visits were captured on hidden camera video. Furnasman media statement · CBC report sparks probe of furnace company
www.cbc.ca/canada/…/06/…/mb-furnace-winnipeg-investigation.html – Similar

CBC Manitoba | Programs | I-Team
CBC report sparks probe of furnace company Video: One of Winnipeg’s biggest
www.cbc.ca/iteam/investigations.html

CBC News – Technology & Science
The game’s executive producer answers the CBC’s questions about the product.
www.cbc.ca/technology/more.html

More results from cbc.ca »

2. Prime Time Crime

13 Jan 2010 TORONTO – A CBC News investigation has revealed that on Aug. ….. WINNIPEG – A woman convicted in the slaying of Manitoba RCMP Const. Sgt. Peter Code, indicate that only one inmate refused to co-operate with police. …. Some retailers still refund the cash if the item is unopened and has the
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4. Winnipeg Free Press articles from January 2009 back issues

2 Jan 2009 Investigation of cyclists’ deaths on Trans-Canada delayed: RCMP Today in music history In 1900, a company set up by Emile Berliner, If your house were on fire, heaven forbid, what’s the one item you would try to rescue? 8 p.m., CBC Miss America: … U.S. judge upholds drug charges
www.highbeam.com › … › Winnipeg Free Press articlesCached

5. winnipeg FIRST | News tagged as [news]

winnipegFIRST.ca shows you party leaders, warts and all …. video Watch Winnipeg’s top cop talk about ‘cold case’ arrest …… Homicide probe launched after man beaten at bus stop succumbs to …… video Full Report: Evanson suspect shot Mar 26th 2007, 16:01 – 3 Comments CBC and the NHL strike a new deal
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6. Yukon Post

8 Jan 2010 New arrests in investigation of Humane Society National Post Canadians biggest downloaders of NFB iPhone application, Tour Tracker: Elvis Costello, Nickelback and Fiery Furnaces …. Montreal doctor one of U.S. man’ 3 wives Canoe Probe into fatal snow clearing accident concludes CBC
archive.wn.com/2010/01/08/1400/yukonpost/ – Cached

7. SIMONE SANOUBANE PRACTICAL BLOG

15 Jan 2010 ALSO INSOLVENCY & BANKRUPTCY ARE BIGGEST CLAIMS IN THE CANADIAN HISTORY. …. Until, I Will One Day Bring: The Respectable Fairness, of all items currently under your company’s management. http://www.cbc.ca/news/yourview/2010/01/vote-what-should-cbc-news-ask-our- ….. CPAC – Video on Demand
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8. ArcticNet in the news – 2008

Simon said she hoped the apology sparks an eventual improvement in the quality Ottawa Citizen; The National Post; CBCNews.ca; CBC.ca; The Globe and ….. Winnipeg Free Press – March 8, 2008 – The time lag between data …. report allows decision-makers to set policy that is based on the best science available.
www.arcticnet.ulaval.ca/news/y2008.php – Cached

9. Recommendation of 15 November 2005 – regjeringen.no

Wal-Mart is the world’s largest retailer with a turnover in 2005 in …. According to the company’s annual report for 2004, “We depend on over 68000 suppliers”. ….. 83Jo Lynn Sheane, “Documentary on the move to unionize Wal-Mart,” CBC News: 15 August 2003 http://winnipeg.cbc.ca/regional/servlet/View?filename=
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10. ecprice/wordlist.100000 – MIT

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Manitoba government projected budget deficit for 09/10

According to a Toronto economist, “A looming provincial budget deficit of about $600 million is more a symptom of a global recession than a government that can’t control its spending.”
Issued on their second quarter financial report Manitoba has projected a $592-million budget deficit for the year 2009/10. It’s a $640-million negative adjustment to the $48-million summary surplus the province projected in the March budget.
Warren Lovely, a CIBC senior economist said that the Manitoba’s shortfall is connected to the recession that occurred in United States. The weaker industrial demand for electricity from Manitoba Hydro was also pinpointed, as this year’s profit of $120 million is $145 million less than budgeted. Aside from this, Finance Minister Rosann Wowchuck has noted spring flooding and the campaign against the H1N1 flu as contributing factors for the economy’s condition.
However, the Manitoban government is still on track to an average pf $221-million surplus for the four year period ending 2009-10, sticking to its commitment of a Balanced Budget, Fiscal Management and Taxpayer Accountability Act. The act states that budgeting is done over a four-year period and allows deficit to be posted in one of those years.

According to a Toronto economist, “A looming provincial budget deficit of about $600 million is more a symptom of a global recession than a government that can’t control its spending.”

Issued on their second quarter financial report, Manitoba has projected a $592-million budget deficit for the year 2009/10. It’s a $640-million negative adjustment to the $48-million summary surplus the province projected in the March budget.

Warren Lovely, a CIBC senior economist said that the Manitoba’s shortfall is connected to the recession that occurred in United States. The weaker industrial demand for electricity from Manitoba Hydro was also pinpointed, as this year’s profit of $120 million is $145 million less than budgeted. Aside from this, Finance Minister Rosann Wowchuck has noted spring flooding and the pandemic H1N1 flu contributed to the economy’s condition.

However, the Manitoban government is still on track to an average pf $221-million surplus for the four year period ending 2009-10, sticking to its commitment of a Balanced Budget, Fiscal Management and Taxpayer Accountability Act. The act states that budgeting is done over a four-year period and allows deficit to be posted in one of those years.

Furnace Prices Winnipeg

Property Tax Assessments to be Mailed Soon

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Contributory factors to increase house demands

Last September marked a significant increase in MLS® sales record. A three per cent growth has been noted over the same month in 2008.
According to Deborah Goodfellow, president of WinnipegREALTORS®, the above average weather the month before has undoubtedly played a key role in bringing home buyers— making way to a new set record. Not to mention the low unemployment and fouvarable mortgage rates that made the record possible.
The Canada Mortgage and Housing Coorporation said that the average rental vacancy rate in the city is hovering just under one per cent. Good news is housing demand will continue to rise because of the noted shortage of good rental unit in Winnipeg.
The influx of new immigrants in Winnipeg and in other area of Manitoba based from the Statistics can be said to be beneficial. In fact, the growth of Manitoba’s population since 1999 has been quite remarkable, said Manitoba Competitiveness, Training and Trade Minister Nancy Allen. Manitoba’s population boomed to 80,000 within 10 years, which is more than double the increase of the previous 10-year period. In return, this means greater necessity for housing in Winnipeg. With the lack of available good rental units, the immigrants who qualified on province’s nominee program will eventually spend their money in buying a house.
Despite year to date dollar volume slipping off last year’s pace by three per cent, WinnipegREALTORS® is confident total dollar volume MLS® sales be the end could pass last year’s total of $2.4 billion, establishing yet another record. With three months remaining in 2009, total dollar volume sales were just $25 million shy of the $2 billion mark.
The most active price ranges for residential detached sales in September were between $150,000 and $199,999 and $200,000 and $249,000, which represented 24 and 21 per cent of the total, respectively. Twenty-three per cent of condo sales were between $100,000 and $149,999.
Year to date conversion of MLS® listing to sales by the end of September was 67 per cent, a few percentage points off last year’s pace. Home and condo conversions were 72 and 73 per cent, respectively.

Last September marked a significant increase in MLS® sales record. A three per cent growth has been noted over the same month in 2008.

According to Deborah Goodfellow, president of WinnipegREALTORS®, the above average weather the month before has undoubtedly played a key role in bringing home buyers— making way to a new set record. Not to mention the low unemployment and fouvarable mortgage rates that made the record possible.

The Canada Mortgage and Housing Coorporation said that the average rental vacancy rate in the city is hovering just under one per cent. Good news is housing demand will continue to rise because of the noted shortage of good rental unit in Winnipeg.

The influx of new immigrants in Winnipeg and in other area of Manitoba based from the Statistics can be said to be beneficial. In fact, the growth of Manitoba’s population since 1999 has been quite remarkable, said Manitoba Competitiveness, Training and Trade Minister Nancy Allen. Manitoba’s population boomed to 80,000 within 10 years, which is more than double the increase of the previous 10-year period. In return, this means greater necessity for housing in Winnipeg. With the lack of available good rental units, the immigrants who qualified on province’s nominee program will eventually spend their money in buying a house.

Despite year to date dollar volume slipping off last year’s pace by three per cent, WinnipegREALTORS® is confident total dollar volume MLS® sales be the end could pass last year’s total of $2.4 billion, establishing yet another record. With three months remaining in 2009, total dollar volume sales were just $25 million shy of the $2 billion mark.

The most active price ranges for residential detached sales in September were between $150,000 and $199,999 and $200,000 and $249,000, which represented 24 and 21 per cent of the total, respectively. Twenty-three per cent of condo sales were between $100,000 and $149,999.

Year to date conversion of MLS® listing to sales by the end of September was 67 per cent, a few percentage points off last year’s pace. Home and condo conversions were 72 and 73 per cent, respectively.

Manitoba Auto Dealers

Furnace Prices Winnipeg

CBC Winnipeg Furnasman

Surrey Coquitlam vancouver Victoria Auto Financing Interest Rates

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