WinnipegREALTORS® has become the 19th region to join the MLS Home Price Index® (HPI).
With the addition of Winnipeg, the MLS HPI® system will represent 68% of all Canadian resale housing activity, including boards in places like Vancouver, Calgary, Toronto and Montreal.
The MLS HPI® is the most advanced and accurate tool to gauge home price levels and trends. Using real-time data, the MLS HPI® shows how price trends have evolved over time for certain property types in specific neighborhoods.
By understanding how these trends affect the market value of a home over time, REALTORS® have a more in-depth understanding of the housing market, both nationally and locally, and can give more informed pricing decisions.
Important features include:
- Extensive data on how a home’s features affect its price
- Accurate comparisons of home prices across the country
- Detailed analyses of home price trends in local markets
Learn more about the MLS HPI® by watching the video below:
For access to the MLS HPI®, please contact your board or association.
