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THE BRANDON SUN • YOUR HOME YOUR WAY • THURSDAY, APRIL 28, 2022
Marlee Murray, president of the real estate board for Brandon Area Realtors and a local Royal LePage realtor said houses like the one beside her have been quickly selling on the market over the last year. The 51 Woodhaven Dr. listing was expected to sell in less than a week according to the realtor. (Joseph Bernacki/The Brandon Sun)
Mountain National Park. After looking at re- sults from the first quarter of 2022 ending in March, Murray said sales are start- ing to level off, but numbers remain up 32 per cent from this time in 2020. With people starting to travel more and the Bank of Canada raising interest rates, she said the cost of financing increasing may deter some future Brandon home owners, but believes it’s too early in the year to see the overall trend 2022 will bring for the housing market. She said she has lots of inventory coming up in the books and the year has start- ed off strong from January. “No one would have thought in a million years that COVID-19 would have
affected real estate the way it did,” Murray said. Following the release of the 2022 Royal LePage Spring Recreational Prop- erty Report, data showed the aggregate price of a sin- gle-family home in the Prai- rie provinces’ recreational market increased 11.3 per cent to $246,000 in 2021, compared to $221,000 in 2020. The prairie provinces included in this part of the report include Manitoba and Saskatchewan. During the same time period, the aggregate price of a single-family water- front property increased 6.2 per cent to $377,000 in 2021 from $355,000 in 2020. The report also notes the aggregate price of a sin- gle-family home in their prairie region is forecasted
to increase three per cent in 2022 to $253,380. The aggregate price of a single-family home in the Prairies’ recreational re- gions is forecast to increase three per cent in 2022 to $253,380. A Royal LePage survey of recreational property ex- perts found 84 per cent of respondents in the prairie provinces reporting less in- ventory this year, compared to 2021 including 46 per cent who reported signifi- cantly less inventory. 54 per cent of respondents said at least half of the properties sold in their region are sell- ing over the asking price.
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Condo ownership in Brandon has experienced an even greater increase in price and sales on the mar- ket. In 2020, 97 condos would sell on the year. Over 2021, 127 were sold in the city, marking a 23.5 per cent increase in sales, with an av- erage price increase of eight per cent. She said it’s an encouraging trend for con- do owners as she found the market struggled before the start of the pandemic. Murray said over the past year, there has also been an increase in cottage owner- ship in the greater West- man area, and is seeing more people buy properties to start Airbnb’s in west- ern Manitoba including the Clear Lake area of Riding
» jbernacki@brandonsun.com » Twitter: @JosephBernacki
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