With over 730,000 people in its Metro area, it is a busy metropolis dubbed 'Winterpeg' due to its serious winters. The city covers 5,303 square kilometres with a diverse economy that also boasts a low unemployment rate. It is a lovely city sitting on the crux of the Red River and Assiniboine River. It is also very close to the U.S. border just 100 km north of Minnesota.
Major development to the city in the late 1980s upgraded a stretch of downtown Winnipeg's Portage Avenue with new office and apartment buildings, a major shopping mall, and enclosed pedestrian bridges. Multiculturalism is supported by the government with funding that helps provide major makeovers for Chinatown and the Italian quarter. The makeovers kept the Exchange District intact, as this is one of the most historically significant areas in North American due to its turn-of-the-century warehouses.
The Forks is city's biggest tourist attraction that includes an interpretive park, historic buildings and port and even a skateboard park. With these developments, Winnipeg became a trendier city with diverse higher-end shopping, dining and entertainment. A wide variety of sports facilities make it easy to remain active in the city. There is also plenty of green space with beautiful walking trails and pathways ideal for nature and dog lovers.
Winnipeg has a growing art scene with new galleries popping up alongside the Winnipeg Art Gallery. There are also performing arts venues in Winnipeg including Centennial Concert Hall where performances by the Winnipeg Symphony Orchestra, the Manitoba Opera and the Royal Winnipeg Ballet can be enjoyed. There are also over 250 theatre productions put on each year at the Manitoba Theatre Centre.
Retail addicts will find shopping throughout the city a pleasure, including the largest shopping mall in the province, CF Polo Park with over 200 stores. The longest-running multicultural festival in the world Folklorama is also held in the city every year. Sports fans have their choice of teams including hockey and football.
It is the head office for many major Canadian trucking firms, as well as Old Dutch Foods, Cabela's Canada, Kindersley Transport, IGM Financial Inc. and Great-West Life Assurance Co. The economy includes strong manufacturing and export industries helping to provide a more diverse economy that can remain stable. Although it has a slower-growing economy, the public sector remains one of the most important employers.
Most job growth can be attributed to the following sectors:
The service industry in hand with office support account for the most common occupations in the city. Winnipeg is also the headquarters for Canada's grain industry and the location for Canada's commodity exchange, ICE Futures.
Winnipeg has the sixth-highest job growth rate of all Canadian cities and an unemployment rate of about 1.5 percent lower than the Canadian rate.
There are seven school divisions in the city, with the largest, the Winnipeg School Division having 77 schools and over 33,000 students. There is also an assortment of private and religious schools.
Post-secondary options offer a variety of degrees and diplomas for many different professions and programs:
As with many markets for Canadian real estate, the increase in Winnipeg real estate activity helped contribute to record highs of 13,662, a 7 percent increase year over year. This is just above the 13,632 MLS® sales transacted from 2016. 2019 showed record highs for the number of listings entered on the Winnipeg REALTORS® MLS Multiple Listing Service, with an increase of 8 percent year over year. The 2019 average residential-detached sales price was $324,122 a slight rise from 2018's $321,945 while condos showed a barely noticeable rise from $238,916 in 2019 to $238,088.
If you would like more information about buying or selling a home in Winnipeg reach out to our team today.