NEEPAWA, Man. — Like an impending disaster, the housing market in two of Canada’s largest cities is hard to take your eyes off of. While we may be watching from a safe distance, one way or another, it’s going to have an impact across the country.
A decade ago, our decision to move back to Manitoba was prompted in part by the high housing prices in Vancouver. Over the last 10 years, prices have only climbed higher. In January 2016, the average price for detached houses in the Lower Mainland (which includes more than just the city of Vancouver), hit a high of $1.83 million, well beyond the reach of most average homeowners.
Brandon University has acquired a key piece of property in the Wheat City’s downtown for the bargain price of $1.
BU has bought up the Strand Theatre in the 100 block of 10th Street from Landmark Cinemas.
“Landmark Cinemas has been entertaining the movie-goers of Brandon and district since the 1970s and in a small way this is our opportunity to give back to the community which has supported Landmark so well for so many years,” said BU president Gervan Fearon.
A new Winnipeg-based website developed by two brothers and their business partner is allowing tenants to rate rental properties and their landlords.
Called RentItOrNot.com, the website is built around reviews for renters of properties and landlords, including whether the property has bed bugs, how clean it is, if it’s regularly maintained and the level of noise (if at all).
The city and province are funding grants to five new rental property developments in downtown Winnipeg.
Through the Live Downtown: Rental Development Grant Program, the new projects will receive tax increment financing. They will be located at 272 Main St., 300 Main St., 104 James Ave., 109 James Ave. and 316/318 Ross Ave. More than 700 rental units are planned for these five developments, of which 75 will be considered affordable housing units.
WINNIPEG — Graham Avenue is the latest strip in the city’s downtown to receive a makeover with trendy shops popping up, True North Square under construction and now a new storefront for a local fashion designer.
Eric Olek has teamed up with emerging local artist Josiah Koppanyi under the umbrella of Centre Venture’s PUSH program. The two have converted a bridal shop into a trendy clothing store and art gallery at 433 Graham Avenue called Friday Knights. The shop is part of Olek’s nationwide 31-store deal with retailer Below The Belt.