Hanover School Division

Have an Enjoyable and Relaxing Summer!

Fall Start-Up Dates

Home sales in Steinbach were down about five per cent last year from 2016. Peter Squire of the Multiple Listing Service office in Winnipeg says it was something they predicted would happen because of the new stress test on insured mortgages for first-time home buyers. He gives us the numbers for sales of single detached homes.

"There were 460 sales in 2016 and 437 in 2017. The thing that I noted was there was a drop off in listings of quite a few. So, with fewer listings, in some cases, buyers were not finding some homes they would have bought if there had been more."

Squire notes the average selling price of single detached homes continued upward last year, rising by $7,000 from the previous year to $276,000.

"That to me indicates there's still strong demand. There were fewer listings to choose from, yet the ones that were sold were doing well and there was a higher average sale price."

Squire notes the decline in sales was not unexpected.

"We did predict some of that based on the fact that there was a new stress test that the federal government brought in on insured mortgages which affects more the first-time home buyer market and really those properties under $300,000."

Despite the small decline, Squire says Steinbach remains the busiest MLS market in the province followed by Waverley West in Winnipeg.

Squire says there were 53 condo sales in Steinbach in 2017, up six from 2016.


More Local News

The Secret Parks of Steinbach

Good news for anyone who is frantic for new things to do this summer: Steinbach is home to more parks, playgrounds, and green spaces than you were ever aware of. Russ Dyck, Director of Steinbach…

When Will More Of Park Road Be Paved?

Why is Park Road not paved west of Clearspring Centre? That is one of the most recent questions asked of Steinbach Mayor Chris Goertzen from his monthly Open Door session. Over the years, the Mayor…
2018 07 contractor

Hanover Ponders Request For Contractor Expansion

Councillors in Hanover need more time before making a decision on the expansion of a contractor's establishment southwest of Mitchell. Reeve Stan Toews says Jason Fehr builds timber frames and homes…

Community Futures Celebrates 25 Years, CEO Announces Retirement

Triple R Community Futures held its AGM and 25th Anniversary celebration this week in Morris. Community Development Coordinator Shelley Johnston explains the organization lends business loans to…

Part Of Steinbach Main Street To Be Closed Saturday For Pride March

The Steinbach Pride March will take place Saturday morning and that will mean some traffic disruptions downtown. Westbound Main Street from the water tower to Reimer Avenue will be closed from about…

Preventing A Drowning

Manitoba has had seven media reported drownings so far in 2018. Most recent data from the Lifesaving Society shows an average of 23 water-related fatalities per year between 2006 and 2015. This is…

End in Sight to Niverville Water Problem

Niverville Mayor Myron Dyck says the end is in sight to the water treatment plant problems the town has been experiencing since Wednesday, July 18. Dyck notes the problem has been diagnosed as a high…

What's That Smell?

There is a strong smell of smoke in the air today in southeastern Manitoba. We have received numerous phone calls from throughout our region asking where it is coming from. Manitoba Sustainable…

ATV Swiped From Residence

An ATV was stolen earlier this week within the Rural Municipality of Hanover. The vehicle was reported stolen from a residence on Monday. Police believe it was taken sometime between Sunday at 11 pm…

Ritchot Construction Trails 2017 Pace

The Mayor for Ritchot says construction activity is way down this year in the municipality. Chris Ewen says there were 27 new housing starts from January through June and a total of 93 permits. By…

Injuries Minor In Marchand Collision

A car and a pickup truck collided Thursday evening just northwest of Marchand. The La Broquerie fire department got the alarm just before 6:30 p.m. for the intersection of Martel Road and Grenier Bay…

Rainfall Amounts Quite Varied

Rainfall amounts varied greatly Thursday night in thunderstorms here in the southeast. Steinbach received only 1.5 millimetres while St. Pierre, Zhoda and Marchand got 4-5 millimetres. But St.…

Steinbachonline.com is Steinbach's only source for community news and information such as weather and classifieds.

Search the Biz Guide