Manitoba Real Estate will jump 23% says CMHC

Sept. 2, 2010 - PRLog -- "This is good news for Professional Real Estate investors in Manitoba" says Navtaj Chandhoke, founder of Professional Real Estate investors Group (PREIG) Canada.

For all sorts of fundamental supply and demand reasons, Canada Mortgage and Housing Corp. is predicting a strong bounce back from the ragged 2009 housing start numbers in Manitoba in its third quarter Housing Market Outlook issued Tuesday.

Canada Mortgage Housing Corporation (CMHC) is forecasting average resale prices will increase by 8.5 per cent in Winnipeg this year to $225,000 and by 2.2 per cent in 2011.


"It’s a great time to buy to invest in  Manitoba's Real Estate. With such a low interest rate,Real Estate investors can have decent return on their investment and build short and long term wealth" says Navtaj Chandhoke of World Wealth Builders, Canadian Real Estate Investors Education and Mentoring Centre.

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