City posts second highest house price increases
Winnipeg posted the second highest house price increases in the country over the past year, according to a new report released today by Century 21 Canada.

The real estate company said another year of stability in the Manitoba's resource, power generation and manufacturing sectors helped fuel another surge in house prices within Winnipeg's resale homes market.

As part of its Spring 2008 National House Price Survey, the firm looked at selling prices in three Winnipeg neighbourhoods -- River Park South, the West End and Charleswood. It said the average selling price increased by 19 per cent to $249,000 in River Park South, by 24 per cent to $180,500 in the West End, and by 34 per cent to $262,000 in Charleswood.

It also looked at selling prices in three neighbourhoods in the province's second largest city -- Brandon -- and found price increases of two per cent in Kirkaldy Heights and Green Acres, and a decline of two percent in Parkdale Heights.

Saskatchewan boasted the country's hottest housing market over the past year, with price increases of between 38 and 57 per cent in Regina and 37 to 49 per cent in Saskatoon, the company added.

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