Spence neighbourhood, the area of the inner-city bounded by Portage Avenue, Balmoral Street, Notre Dame Avenue, and Sherbrook Street, was, relatively recently, a neighbourhood in serious decline. Between 1991 and 1996, two out of every three Spence residents left the area. By 1999, the median selling price of a house in the area was $16,500, giving Spence the lowest property values of any Winnipeg neighbourhood. Poverty was on the increase: in 2001, 62.8 per cent of households in Spence lived below the low-income cut-off (LICO), while 92.7 per cent of Aboriginal families in Spence lived below the LICO in 1996.
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