The real estate of Winnipeg is an important economic base. According to the Conference Board of Canada, Winnipeg has the third-fastest growing economy among Canada's major cities in 2009 projections, with a real GDP growth at 2.5%.
The Winnipeg real estate market set a record for the value of homes sold in November. In terms of the number of real estates and properties sold, November 2009 was the second best in the association's 106-year-history. The statistics are a dramatic improvement over the same time in 2008, and the one of the worst sales in the months was recorded.
The main cultural and nightlife areas are the Exchange District, The Forks, Osborne Village, Little Italy, Sargent and Ellice Avenues (West End) and Old St. Boniface. Osborne Village, the city's most densely populated neighbourhood, is also Canada's third most densely populated neighbourhood.
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