Kindergarten Registration Now Open

NEW! online registration. Register your child for the 2019-20 school year.

Learn More...

A housing market analyst says Steinbach was no exception to last year's slowdown in sales.

Peter Squire with Multiple Listing Service reports there were 417 single family home sales in Steinbach in 2018 compared to 437 in 2017. Squire says that is a drop of less than 5 per cent, which is similar to what was noticed across the entire market last year.

"There were some adjustments given tougher mortgage qualification rules and some higher interest rates that buyers had to contend with in 2018," reports Squire.

Further to that, he notes 2017 was a good year for sales. He adds to see a dropoff in 2018 should not be viewed as a sign of weakness.

There were 832 listings last year, compared to 820 in 2017, which Squire says is a sign that the Steinbach market is still very active.

The average selling price for a single family home last year was $281,071, compared to $275,914 in 2017.

Numbers were also down on the condominium side.

"Condos fell off and they again fell off more than single family in our entire market but a little bit more in Steinbach," reports Squire.

There were 42 condo sales in Steinbach last year and 53 in 2017. The average selling price for a condominium last year was $198,117, up from $186,666 in 2017.

"That's contrast to the entire market where we saw prices drop roughly about two per cent on average across the entire market region," says Squire. "So Steinbach actually saw a little bit of an increase in their average condo price in 2018."

Meanwhile, Squire says it is too early to forecast what 2019 might look like. Squire says he is comforted by the fact he is not expecting tougher rules to be introduced in 2019.

"I'd like to think that we could see a little bit of a recovery from 2018," he says. "But at this point still looking at all the numbers and we'll come out with our forecast in early February."

 

More Local News

Cows And Horses Need Warmth Too

As the of cold of winter continues, a local animal practitioner is advising owners to ensure their horses and cows have the necessary means of staying warm. Dr. Vanessa Graydon of Graydon Veterinary…

The Southeast Prepares For Its Annual Arts Festival

Though the Southeastern Manitoba Festival is still nearly a month away, it is crunch-time for performers across the region who are practicing their various musical disciplines. Festival President…

Lunar Eclipse Sunday Night

There was a lunar eclipse Sunday night at 11:00 as the moon moved into the earth's shadow. It was also a supermoon, which means the moon was closer to the earth and appeared bigger and brighter than…
RCMP Logo

Guns Stolen/Driver Arrested/Domestic Assault

Steinbach RCMP report guns were stolen during a break-in early Sunday morning in Blumenort. Police were notified about a break-in at a residence at 6:44 a.m. in which the two 22-year-old male…
2018 12 kulpa

Mental Health Worker Says Blue Monday Is A Myth

Is today really the most depressing day of the year? Today is Blue Monday, considered by some to be the saddest day of 2019. Jenn Kulpa is a mental health worker with Southern Health. She explains…

Organ Donations Often Not Possible In Rural Manitoba

The family of a woman who died in Steinbach last month says the local hospital informed them it was not able to honour their mother's wish to be an organ donor. Southern Health has confirmed this is…
2019 01 habitat

Families Needed For Habitat Build In Mitchell

The Southeast Chapter of Habitat for Humanity is looking for two eligible families for its next build. Sheri Bueckert is Chair of the Family Selection Committee. She says they are hoping to build a…

Successful Initiative To Push All Season Use of St. Malo Park

The Coordinator of the St. Malo Ski Club says they have only grown since they first started in 2015. Trish Cure says the club began as part of an initiative by the Friends of St. Malo Park to…

Two-Vehicle Collision Leads To Weapons Related Arrest

A two-vehicle collision in Blumenort Friday evening led to an arrest. RCMP say the collision took place in front of JT’s Store and Diner on Penner Drive in Blumenort around 5:15 P.M. Friday. Police…

Sled-Dog Racing A Highlight At Vita And Area Winter Festival

From sled-dog races to a borscht competition, it has been a busy weekend in Vita. Organizer Lucie Maynard says the Vita and Area Winter Festival got underway Saturday morning with a pancake breakfast…
2019 01 lunar eclispe credit manitoba planetarium

Special Lunar Eclipse Tonight

Skywatchers are in for a treat Sunday night. Scott Young, an astronomer at the Manitoba Planetarium, explains what will happen around 9:30 or 10:00 p.m. "We have a total lunar eclipse that is going…

A New Zamboni Rolls Onto The Ice At The T.G. Smith Centre

The ice making crew at the T.G. Smith Centre was excited to take delivery of a brand new Zamboni this week. Russ Dyck is the Head of Steinbach Parks and Recreation. He says they ordered the new…

Steinbachonline.com is Steinbach's only source for community news and information such as weather and classifieds.

Login