“Where Can You Buy More for a Penny”: Real Estate Deals in Manitoba Attract Home Buyers from Big Cities

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WINNIPEG – With teleworking and record-breaking real estate sales rising, some communities in Manitoba are trying to convince people to switch from city lights to country nights.

A penny per square foot or a $ 10 lot are just two real estate deals for those willing and able to relocate.

“Because of COVID, we have enjoyed our lifestyle a lot. We have a lot of space, ”said Eleanor Dnistranski, Community Development Specialist, Birtle Miniota Community Development Corporation. “When we heard stories of people in cities who were locked in apartments or houses because of their lot size and stuff, we thought it would be a really good idea.”

The idea prompted the municipality to launch online advertisements, advertising Prairie View Municipality as “where you can still buy something for a penny.”

Community-owned residential parcels are sold at a cent per square foot. For those looking to start a business, commercial lots will cost five times as much for a nickel.

The municipality said its biggest asset is land, and it is trying to capitalize on it now that people may be looking to leave densely populated areas. Not to keep up with RM from Pipestone, who also has several real estate deals.

Pipestone first began offering $ 10 for residential and mobile home plots back in 2009 as part of a strategy to grow its population.

“COVID has definitely impacted the economic development of rural communities in the sense that people can work more remotely and they understand that it is more feasible,” said Tanis Chalmers, Economic Development Manager with RM Pipestone. …

“We are definitely seeing an increase in the number of inquiries in the communities of our municipality,” Chalmers said. “This increase has actually been seen in several ways, with lots of $ 10, as well as the purchase of existing homes, for which we also offer grants.”

Despite the rise in inquiries over the past six months, Chalmers said no construction work had been carried out. She attributes this to other factors, including the skyrocketing sawnwood prices last spring.

In total, 49 new houses have been built in the municipality over the past 10 years, some of which were built in rural areas on land plots or on farm estates. New residents come from a variety of backgrounds, but Chalmers said the reasons for moving to the area often depend on work.

“Doing all of these programs helps. It was noted that communities that do something are more successful in preserving and expanding their communities, ”Chalmers said. “The combination of all of these programs has greatly helped in the growth and maintenance of our communities.”

The $ 10 deal is a good idea, according to Brandon Area Realtors executive director Jen Pearson, but she cautions that it all depends on what amenities you’re looking for.

“Absolutely. Even looking at other sites in our area, nothing beats this,” Pearson said. “And if you can work remotely, that’s probably ideal.”

During the pandemic, hot real estate sales led to higher prices and deterioration of the housing stock.

April saw a record-breaking home sales in the Winnipeg region, surpassing the 2000 mark for the first time, up 53% from the five-year monthly average. It happened again in May.

In an official announcement at the time, Kurosh Dustenas, president of the Winnipeg Regional Real Estate Council, said: “Fast sales are draining our listings faster than we can replace them.”

Sales volumes in June and July fell from record rates, but prices continued to rise. The median price of a detached home in July rose seven percent year on year to $ 377,789, with 54 percent of those sales exceeding the asking price.

“If you look at 2021 as a full year marathon rather than shorter distances such as weekly or monthly periods of time, the meteoric pace set earlier this year is indicative of a slowdown,” Dustshenas said in a press release. … “Sales are still in step with the times to end the year with record highs.”

Record sales are not limited to urban areas and major city centers.

“Since last summer, when we really saw sales growth, and it has continued since then,” Pearson said. “Sales have grown not only in urban areas like Brandon or Winnipeg, but also in our rural areas.”

“I think the pandemic has definitely influenced this. How people spend their time, what is important to them. The ability to work from home, as well as interest rates and possibly people who cannot travel, are putting that money into a home. “

Pipestone and Prairie View aren’t the only ones trying to seduce would-be urban settlers. Oak Lake, about 30 minutes west of Brandon, advertises small-town life, big-city internet speed, and “the ability to calm your big-city blues.”

An ongoing marketing campaign targeting potential telecommuters is highlighting work-from-home ads in bold.

“Many people see that small towns offer much more than people ever thought before when we are in such a situation,” Dnestransky said.



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