Welcome to Ask Allan I'm Allan Asplin this week's question is what's going to happen to the Winnipeg real estate market in 2024 and this is certainly a question that I've been asked a lot and you do see it on the news and social media a lot. In my opinion what's going to happen this year is we're going to continue to see strong demand interest rates may come down summer or fall but unlikely that they're going to go higher and what this is going to do is create even more demand. Plus people that have been on five year fixed rate mortgages are now gonna start resetting this year which means there's not gonna be a reason for them to stay in their house and they're gonna start selling and looking for new properties again adding even more demand to the market and it's gonna also gonna cause prices to increase. One other important regulations going to happen this year it's going to happen on January 3rd is that there's new regulations from the Canadian Real Estate Association that's going to change how homes get marketed and it's going to make it even more important than ever to look at who you're using as a real estate agent.