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A total of 2,969 condos changed hands in the capital between January and the end of August, down from 3,577 in the same period in 2021, national brokerage network said Thursday.
Winnipeg home prices will drop eight per cent in the final months of the year, four times the national average home sale of 2.2 per cent, a report by Re/Max Canada forecasts.
The Re/Max Canada Fall Housing Market Outlook Report released on Wednesday says rising interest rates, record inflation and global and economic uncertainties will impact market activity in Ottawa and across Canada through the fall.
A report by Re/Max Canada forecasts the national average home sale price in Canada will fall 2.2 per cent in the final months of the year.
The average price of a residential property in the capital was $550,933.75 at the end of August, down 1.1 per cent from a year earlier, real estate network says in its fall market outlook.