Housing costs are up by 9.2% in 2006 according to a recent Stats Canada report. The report outlines the cost of housing averaged for major Canadian cities. The report also suggests that housing costs will increase across the country in 2007.

According to data released yesterday by the CMHC, housing starts in Winnipeg have hit a 17 year high in 2006. A total of 119 starts were reported in December, 5 higher than 2005.

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The Winnipeg Real Estate Board states a record year for sale volumes in 2006.

Tailed by a record month of December with nearly $100 million in sales, 2006 was another record year for MLS sales. At the end of the year sales totals were over $1.5 billion, a 13% increase from 2005.

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