Quote:
Originally Posted by ken0042
That was about 2 years ago, right SCH?
Just because when our house brices started to boom here I looked at moving back, and found that house prices had gone up there.
Watching the Winnipeg news the other night they were talking about how there was a shortage of vacant apartments. Because of Manitoba's rent control laws (landlord can only increase your rent X percent; usually 3 or 4%) nobody was moving out of their current place because that would leave them vulnerable to rent hikes.
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I last lived there in August of '05 so just over a year ago. I could have bought a really nice condo there in a great location for just over $100k. A part of me wishes I went for it because in 2-3 years there will be some great return on that investment.
These days you can still buy a very nice house for about $200,000. My house in St. Albert is now worth something like $400,000 but in Winnipeg in a similar location (say, St. Vital) it would be about $180,000.
Say what you will about Winnipeg, I actually prefer it to Edmonton in terms of what the cities have to offer.