A January analysis by Scotiabank found Manitoba has the third-lowest per capita amount of homes per population.
Normally, the Winnipeg market has enough four to five months of inventory, meaning that if a theoretically freeze happened and no homes entered the market, it would take that long to absorb the supply.
He said it’s created a snowball effect, with because homebuyers spending months making offers are competing with new people making their first bid.
Ottawa plans to use tools to push provinces and cities to make more housing available, including making some infrastructure and transit funds contingent on rules having rules that incentivize building.
The group was happy to see increases to Ottawa’s funding for co-operative housing, and said the incentive for municipalities to get housing built could work if it’s targeted toward affordable rental units.