Even with everything going on in the world, people still need places to live. The Canadian real estate market is still healthy, with prices continuing to rise. However, there's one major market where the cost of a home is actually decreasing.
The forecasted aggregate price for the end of the year according to Royal LePage is $311,000, the same as the fourth quarter of 2019.
An interesting statistic to go along with the decreasing home prices is that communities outside of the city proper have seen a surge in popularity.
Michael Froese, a managing partner at Royal LePage Prime Real Estate, attributes this to the increase in people working from home, a symptom of the current pandemic.
"For many, remote work started as a necessity this spring but it is growing in popularity and employer acceptance," Froese said in a statement, "Buyers are now looking for larger properties with home offices."
Unlike Winnipeg, higher demand in the Greater Toronto Area caused it to have the highest price increase in 2020's second quarter.
The region saw a 10% year-over-year increase in aggregate home price, bringing it up to $899,001.
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Over half of those tickets were given to people who hosted indoor and outdoor gatherings and another nine tickets were given to those who failed to self-isolate when they were supposed to. These tickets came out to $1,296 each.
An additional 12 tickets of nearly $300 each were given to people who weren't wearing their masks while indoors in public places.
In April, the investigation led to the delivery driver's home in Mynarski and they found an astounding 100 stolen items.
Those items accounted for an additional $30,000 in stolen packages.
"A 58-year adult male of Winnipeg was charged with one global charge of Theft from Mail (encompassing 46 events) and released on an Appearance Notice," read the news release, saying that more charges might come down the line.