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Known for its steady real estate market Winnipeg has some of the most affordably priced homes in the country. Jeff Sparrow a mortgage broker with Castle Mortgage Group tells us whats attracting rst-time homebuyers in the city. Q How are rst-time buyers navigating the market A First-time homebuyers tend to be younger and are doing a lot of research online but they still want to sit down DETACHED LIST PRICE 319900 A ve-bedroom four-bath 1860-square- foot detached house located in the Wolseley neighbourhood. The century home has updated electrical and mechanics as well as a newer high-efciency furnace and central air. Theres plenty of original woodwork hardwood oors and a double detached garage. Listing agent Marcia Bergen REALTOR Century 21 Bachman Associates Home may no longer be available but was for sale as of press time and is used to illustrate variety in the local real estate market. Images are representational only. WHAT 320000 BUYS IN WINNIPEG with a mortgage broker to take them through the whole process from what to expect when viewing homes to what mortgage insurance is so they are comfortable before they start looking. I encourage them to ask questions throughout the homebuying process. The education part is a holistic approach. Q Theres a high demand for rental properties in Winnipeg. Why A Our market is extremely stable. Were the tortoise in the race we like slow and steady growth. Although the cost of a rental property can be half the cost of a similar property elsewhere in the country we can collect the same rent so its very affordable for a family to buy a duplex. Theres a strong inventory of duplexes and triplexes all across the city. A good area is St. Boniface it has a lot of duplexes and is only a 15-minute walk to downtown. Q What are the top three neighbourhoods for rst-time buyers A Winnipeg is a neighbourhood-based city yet its geographically spread out so that drive to work is a bear. First- time buyers usually look for a home that is affordable and close to a lot of amenities and work. St. James North Kildonan and St. Vital are mature neighbourhoods with big trees and plenty of parkland plus a lot of schools and well-built affordable homes. Those areas are undergoing revitalization as kids who grew up there are moving back buying their rst home and starting a family. WINNIPEGS SLOW AND STEADY MARKET WINS THE RACE 12 GENWORTH CANADA SPRINGSUMMER 2016