Winnipeg relatively low cost of living. According to the Canadian Real Estate Association, the average house price in Winnipeg was $260,000 as of 2013. As of May 2014, the Consumer Price Index was 125.8 relative to 2002 prices, reflecting consumer costs at the Canadian average. Winnipeg was named the Cultural Capital of Canada in 2010 by Canadian Heritage. As of 2012, there are 26 National Historic Sites of Canada in Winnipeg. One of these, The Forks, attracts four million visitors a year. It is home to the City television studio, Manitoba Theatre for Young People, the Winnipeg International Children's Festival, and
Winnipeg River Colony in 1812, the nucleus of which was incorporated as the City of Winnipeg in 1873. As of 2011, Winnipeg is the seventh most populated municipality in Canada. Being far inland, the local climate is extremely seasonal even by Canadian standards with average January lows of around and average July highs of . Known as the "Gateway to the West", Winnipeg is a railway and transportation hub with a diversified economy. This multicultural city hosts numerous annual festivals, including the Festival du Voyageur, the Winnipeg Folk Festival, the Jazz Winnipeg Festival, the Winnipeg Fringe Theatre Festival, and Folklorama. Winnipeg