Winnipeg is ranked among the top eight Canadian cities to watch for real estate investing in 2013, according to a global study by the U.S.-based Urban Land Institute (ULI).
"To us, Winnipeg seems like a steady market of opportunities," the report noted, commenting on the city's strong manufacturing sector and low unemployment as factors.
The ULI forecasts that the manufacturing sector will see growth in 2013 after two years of severe declines.
"The economy has produced a steady recovery since contraction in 2009 as gross domestic product should increase 2.6 per cent [in 2013]," the ULI stated.
The report indicates that Winnipeg has seen approximately 229,000 jobs created in the past five years.
Housing starts are forecast to increase 6.9 per cent this year from 2012, and the retail sector and hotel market are projected as the strongest commercial areas this year.
from Western Investor January 2013
