Winnipeg Real Estate Podcast

February Cleaning Checklist – Midwinter Freshen-Up for Winnipeg Homes February in Winnipeg may be cold and dark, but it’s the perfect time to refresh your home. In this episode, we’re breaking down a simple yet impactful cleaning checklist to help you tackle the most overlooked areas in your home. From sanitizing high-touch surfaces to organizing winter gear, these tasks are designed to make your home feel cleaner, cozier, and ready for the rest of winter. Whether dusting off baseboards, spot-cleaning walls, or giving your kitchen appliances some love, these practical tips are quick to implement and will leave your space feeling brand new. Tune in for all the details and start making your home shine this February! 🎙️ Highlights: Here’s what you’ll learn in this episode: 🏡 Why February is the perfect time for a midwinter cleaning refresh. 🧹 Simple ways to sanitize high-touch surfaces and reduce germs. ❄️ How to organize your winter gear to create a functional entryway. ✨ Tips for dusting baseboards and cleaning under furniture to improve air quality. 🍋 A quick, natural hack for cleaning your microwave. 🚪 Why spot-cleaning walls and doors make a big visual impact. Why Tune In? This episode is packed with practical advice on keeping your home fresh and clean during Winnipeg’s winter months. The tasks are easy to follow and designed to make a noticeable difference in your space, no matter how cold it gets outside. If you’ve been looking for motivation to tackle those forgotten areas, this is your sign to get started! 🎧 Listen and Subscribe Never miss an episode of the Winnipeg Real Estate Podcast! You can tune in and subscribe on your favorite platforms: Apple Podcasts – Listen Here Spotify – Listen Here I-Heart Podcasts – Listen Here Amazon Music – Listen Here YouTube – Watch Here 👉 Have another go-to platform? Search for Winnipeg Real Estate Podcast wherever you listen to podcasts! 🎙️ Don’t forget to hit “subscribe” and leave us a review—it helps more people discover the show! 📢 Stay Connected: Subscribe Today! 🎙️ Love the podcast? Don’t miss a single episode! Hit “subscribe” on your favorite platform to get all the latest insights, tips, and stories delivered right to your ears. 🏡 Looking for more? If you're in Winnipeg or love staying informed about the real estate market, sign up for the Winnipeg Real Estate Newsletter! 💌 Delivered bi-weekly, it’s packed with: Market updates tailored for Winnipeg buyers and sellers. Expert tips to help you make smarter real estate decisions. Insights into the city’s top neighborhoods and hidden gems. 👉 Subscribe Here Stay informed. Stay ahead. Subscribe now! 🚀 Connect with Bo Need expert advice? Contact Bo directly for help buying or selling: 📞 204-333-2202 📧 Email Bo: boknowshomes@gmail.com 🌐 Visit Bo’s Website: Winnipeg Real Estate Podcast

February Maintenance Checklist for Winnipeg Homeowners It’s February in Winnipeg when winter feels endless, but it’s also the perfect moment to tackle essential midwinter home maintenance tasks. In this episode, we’ll walk you through a practical checklist to keep your home safe, efficient, and ready for spring’s eventual thaw. From inspecting attic insulation to testing your sump pump, these actionable tips will help you protect your biggest investment and save money. Don’t let winter take control—take action! 🎙️ Highlights: Here’s what you’ll learn in today’s episode: 🏡 How to inspect and improve attic insulation to cut energy bills. ❄️ Easy ways to handle window condensation and prevent mold. 🔧 Small fixes like tightening hardware that make a big difference. 💦 Why testing your sump pump now can save you from disaster later. 🚪 Quick maintenance tips for garage doors and dryer vents. 🌱 The surprising benefits of planning spring landscaping projects in winter. Why Tune In? February might feel like a quiet month, but it’s a critical time for proactive home care. These simple tasks can save you from expensive repairs and make your home more comfortable during the coldest months. Whether you’re a seasoned homeowner or just starting out, this episode has tips you won’t miss. 🎧 Listen and Subscribe Never miss an episode of the Winnipeg Real Estate Podcast! You can tune in and subscribe on your favorite platforms: Apple Podcasts – Listen Here Spotify – Listen Here I-Heart Podcasts – Listen Here Amazon Music – Listen Here YouTube – Watch Here 👉 Have another go-to platform? Search for Winnipeg Real Estate Podcast wherever you listen to podcasts! 🎙️ Don’t forget to hit “subscribe” and leave us a review—it helps more people discover the show! 📢 Stay Connected: Subscribe Today! 🎙️ Love the podcast? Don’t miss a single episode! Hit “subscribe” on your favorite platform to get all the latest insights, tips, and stories delivered right to your ears. 🏡 Looking for more? If you're in Winnipeg or love staying informed about the real estate market, sign up for the Winnipeg Real Estate Newsletter! 💌 Delivered bi-weekly, it’s packed with: Market updates tailored for Winnipeg buyers and sellers. Expert tips to help you make smarter real estate decisions. Insights into the city’s top neighborhoods and hidden gems. 👉 Subscribe Here Stay informed. Stay ahead. Subscribe now! 🚀 Connect with Bo Need expert advice? Contact Bo directly for help buying or selling: 📞 204-333-2202 📧 Email Bo: boknowshomes@gmail.com 🌐 Visit Bo’s Website: Winnipeg Real Estate Podcast

Beyond the Rate – The Questions That Matter Most When Choosing A Mortgage Episode Summary Are you making the most informed decision about your mortgage? In this episode, Bo Kauffmann dives deep into the critical questions homebuyers should be asking—beyond just the interest rate. While the rate grabs most of the attention, other factors like prepayment options, penalties, and mortgage portability could save you thousands and provide essential flexibility for your future. Learn how to evaluate the total cost of your mortgage and avoid the common pitfalls many buyers face when focusing solely on rates. Whether you're a first-time buyer or looking to upgrade, this episode is packed with actionable insights to help you make the smartest choice for your financial future. 🎙️ Highlights: 💡 Why focusing only on the interest rate can cost you more in the long run. 📅 How amortization periods impact your monthly payments and total interest. 💵 The importance of prepayment options and how they can save you thousands. 🔑 Avoiding hefty penalties: What to know about breaking your mortgage early. 🏡 The value of a portable mortgage when planning for future moves. 🤝 How to find a lender with great service and transparent terms. Why This Episode Matters Choosing the right mortgage is more than just securing a great rate. This episode gives you the tools to ask the right questions and find a mortgage that fits your life, your goals, and your financial situation. If you're house hunting, this is a must-listen! 🎧 Listen and Subscribe Never miss an episode of the Winnipeg Real Estate Podcast! Tune in and subscribe on your favorite platforms: Apple Podcasts – https://podcasts.apple.com/us/podcast/winnipeg-real-estate-podcast/id622749933 Spotify – https://open.spotify.com/show/4kOxJUwU2TV9oPGESmKsUz?si=IgQZHGLZT-2BC0KuCg3UnA I-Heart Podcasts – https://iheart.com/podcast/30963149/ Amazon Music – https://music.amazon.com/podcasts/d54a0176-0ebf-4a1e-b32c-06b511f44cad YouTube – https://www.youtube.com/playlist?list=PL96A77189566FE79D 👉 Have another go-to platform? Search for "Winnipeg Real Estate Podcast" wherever you listen to podcasts! 🎙️ Don’t forget to hit “subscribe” and leave us a review—it helps more people discover the show! 📢 Stay Connected: Subscribe Today! 🎙️ Love the podcast? Don’t miss a single episode! Hit “subscribe” on your favorite platform to get the latest insights, tips, and stories delivered straight to your ears. 🏡 Want even more expert advice? Subscribe to the Winnipeg Real Estate Newsletter! 💌 Delivered bi-weekly, it’s packed with: Market updates tailored for Winnipeg buyers and sellers. Expert tips to help you make smarter real estate decisions. Insights into the city’s top neighborhoods and hidden gems. 👉 Sign up here: https://winnipeg.beehiiv.com/subscribe Stay informed. Stay ahead. Subscribe now! 🚀 Connect with Bo Need expert advice on buying, selling, or finding a trusted mortgage broker? Contact Bo directly: 📞 Call: 204-333-2202 📧 Email: boknowshomes@gmail.com 🌐 Visit: https://winnipeg.beehiiv.com Let me know if you'd like any further adjustments or additions!

Beyond the Mortgage: The Hidden Costs of Owning a Home in Winnipeg 🎙️ Episode Summary Owning a home isn’t just about the mortgage payment – are you prepared for the real costs? In this episode, Winnipeg real estate expert Bo Kauffman dives into the additional expenses homeowners need to budget for, including property taxes, home insurance, utility bills, and saving for future maintenance and repairs. With clear examples and actionable advice, this episode is packed with insights to help you transition into homeownership smoothly. 🎧 Highlights 📊 How property taxes are calculated for a $350,000 Winnipeg home. 🏠 Why home insurance is mandatory with a mortgage and what it covers. ⚡ Average utility costs in Winnipeg: electricity, gas, and water. 💰 The importance of a maintenance fund: How much to save annually. 🔧 Real-world examples of repair costs: Roof replacement, furnace upgrades, and more.   🎧 Listen and Subscribe Never miss an episode of the Winnipeg Real Estate Podcast! Tune in and subscribe on your favorite platforms: Apple Podcasts Spotify I-Heart Podcasts Amazon Music YouTube 👉 Have another go-to platform? Search for Winnipeg Real Estate Podcast wherever you listen to podcasts! 🎙️ Don’t forget to hit “subscribe” and leave us a review—it helps more people discover the show! 📢 Stay Connected: Subscribe Today! 🎙️ Love the podcast? Don’t miss a single episode! Hit “subscribe” on your favorite platform for the latest insights, tips, and stories about Winnipeg real estate. 🏡 Want more? Sign up for the Winnipeg Real Estate Newsletter for bi-weekly updates packed with: Local market updates for buyers and sellers. Expert real estate tips tailored for Winnipeg. Neighborhood insights and hidden gems. 👉 Subscribe here: Winnipeg Real Estate Newsletter 🚀 Connect with Bo Looking for expert advice? Reach out to Bo for help buying or selling your home: 📞 Call Bo: 204-333-2202 📧 Email Bo: boknowshomes@gmail.com 🌐 Visit Bo’s Website: Winnipeg Real Estate Podcast 🎙️ Bo Knows Real Estate!

Should You Buy a Brand-New Condo? Pros and Cons You Need to Know Is buying a brand-new condo the right move for you? While the allure of modern features and untouched spaces is tempting, there are significant factors to consider—especially if you’re buying in Winnipeg. In this episode, we break down the pros and cons of purchasing a new condo, with expert insights to help you make an informed decision. Episode Summary Buying a brand-new condo may feel like the ultimate upgrade, but is it worth the investment? In this episode, we discuss: Why new condos offer modern amenities and customization options. How resale values in Winnipeg drop in the first 5–10 years—and why that happens. Common challenges like delayed construction and rising condo fees. Whether you’re dreaming of a sleek, new space or wondering if it’s the right financial move, this episode has everything you need to know before signing the dotted line. 🎙️ Highlights Here’s what you’ll take away from this episode: ✅ Modern Perks: Why new condos come with energy-efficient designs and smart home technology. ✅ Winnipeg Market Insight: How resale values often drop 5–10 years after purchase. ✅ Hidden Costs: From construction delays to increased condo fees—what to watch out for. ✅ Actionable Tips: Steps to make smarter decisions when buying new condos. 🕒 Timestamped Outline 00:00:00 – Introduction: Is a brand-new condo the right choice? 00:00:41 – Pros of Buying a Brand-New Condo: Modern features and amenities. Low initial maintenance costs. Customization options during pre-construction. 00:01:36 – Cons of Buying a Brand-New Condo: Higher purchase prices and Winnipeg-specific resale value drops. Delayed construction and oversaturation risks. 00:03:39 – Tips for Buyers: How to navigate the challenges of buying new. 00:04:18 – Conclusion: Are new condos worth it? Key takeaways to consider. 🎧 Listen and Subscribe Never miss an episode of the Winnipeg Real Estate Podcast! Listen and subscribe on your favorite platforms: Apple Podcasts Spotify I-Heart Podcasts Amazon Music YouTube 👉 Have another go-to platform? Search for Winnipeg Real Estate Podcast wherever you listen to podcasts! 🎙️ Don’t forget to hit “subscribe” and leave a review—it helps more people discover the show! 📢 Stay Connected: Subscribe Today! 🎙️ Love the podcast? Don’t miss a single episode! Hit “subscribe” to stay up-to-date on Winnipeg’s real estate market. 🏡 Looking for more insights? Subscribe to the Winnipeg Real Estate Newsletter for: Market updates tailored for buyers and sellers. Expert tips to navigate Winnipeg’s real estate trends. Insights into the city’s best neighborhoods and hidden gems. 👉 Subscribe here and stay ahead in Winnipeg’s competitive market! 🚀 Connect with Bo Need expert advice? Contact Bo directly: 📞 204-333-2202 📧 boknowshomes@gmail.com 🌐 Visit Bo’s website: https://winnipeg.beehiiv.com

Podcast Show Notes: Making the Most of Open Houses 🏡 Learn how to maximize your time at open houses, spot potential red flags, and protect yourself as a buyer. Episode Summary Are you house hunting and attending open houses? Don’t let excitement blind you to the details that matter most. In this episode, Bo Kaufman shares practical tips on what to look for, how to avoid costly mistakes, and why having your own buyer’s agent is essential. From structural red flags to hidden maintenance costs, you’ll learn how to navigate open houses like a pro and ensure you’re making informed decisions. 🎙️ Highlights Here’s what you’ll learn in this episode: 🏠 Why the open house agent works for the seller—not you. 🔍 How to spot structural issues, like cracks, uneven floors, or propped-open doors. 💧 Common red flags in plumbing, water damage, and musty smells. ⚡ Simple tricks to check electrical systems and HVAC functionality. 💰 The hidden costs of homeownership, from landscaping to appliance replacement. 🔑 Why a buyer’s agent is your best ally during home-buying. Timestamped Outline 00:00:00 – Opening Hook: Want to make the most of every open house? Learn how to spot what others miss. 00:00:04 – Introduction: Why open houses are important and how to protect yourself as a buyer. 00:00:56 – The Role of the Open House Agent: Who they work for and why their interests may not align with yours. 00:01:30 – The Value of a Buyer’s Agent: How they protect your interests and save you from costly mistakes. 00:02:15 – What to Look for at Open Houses: Key areas to inspect, including structural issues, plumbing, and HVAC systems. 00:03:35 – Spotting Red Flags: Cracks, water stains, musty odors, and uneven floors. 00:04:40 – Hidden Costs of Homeownership: Pools, large yards, aging appliances, and maintenance considerations. 00:05:50 – Using All Your Senses: Why smells, sounds, and visual details can reveal hidden problems. 00:06:30 – Wrapping Up: Stay observant, work with a buyer’s agent, and make informed decisions. 🎧 Listen and Subscribe Never miss an episode of Bo Knows Real Estate! Tune in and subscribe on your favorite platforms: Apple Podcasts Spotify I-Heart Podcasts Amazon Music YouTube 👉 Prefer another platform? Search Bo Knows Real Estate Podcast wherever you listen to podcasts. 🎙️ Don’t forget to hit subscribe and leave a review—it helps more people discover the show! 📢 Stay Connected: Subscribe Today! 🎙️ Love the podcast? Don’t miss a single episode! Hit “subscribe” to get all the latest insights, tips, and stories delivered straight to your ears. 🏡 Looking for more? Sign up for the Winnipeg Real Estate Newsletter! 💌 Delivered bi-weekly, it’s packed with: Market updates tailored for Winnipeg buyers and sellers. Expert tips to make smarter real estate decisions. Insights into Winnipeg’s top neighborhoods and hidden gems. 👉 Subscribe here: https://winnipeg.beehiiv.com/subscribe Stay informed. Stay ahead. Subscribe now! 🚀 Connect with Bo Need expert advice on buying or selling in Winnipeg? Reach out to Bo directly: 📞 Call: 204-333-2202 📧 Email: boknowshomes@gmail.com 🌐 Visit: https://winnipeg.beehiiv.com

🎙️ Winnipeg Real Estate Podcast: December 2024 Market Update & Spring 2025 Outlook Episode Summary In this episode of Winnipeg's Real Estate Podcast - 2025 and Beyond, Bo breaks down Winnipeg’s December 2024 real estate market performance and shares a detailed Spring 2025 outlook. Whether you’re a buyer navigating competitive conditions or a seller preparing for a strong spring market, this episode has the tips and strategies you need to succeed. 🎧 What You’ll Learn in This Episode: 📊 December Recap: Strong sales, low inventory, and high dollar volume. 🏘️ Property Trends: How detached homes, condos, and attached homes performed in 2024. 🌟 Spring 2025 Forecast: Why it’s shaping up to be a seller’s market and what buyers need to know. 💡 Buyer & Seller Tips: How to stay ahead in a competitive market. ⏰ Timestamps for Easy Navigation: 0:00 - Introduction: Welcome and quick market overview. 0:39 - December Recap: Sales, active listings, and dollar volume trends. 1:38 - Property Types Breakdown: Detached homes, condos, and attached homes. 2:30 - Year-End Numbers: Total MLS® sales, listings, and dollar volume for 2024. 4:45 - Buyer & Seller Tips: Strategies to navigate a competitive market. 5:07 - Spring 2025 Outlook: Why buyers and sellers should act now.    🎧 Listen and Subscribe Never miss an episode of [Podcast Name]! You can tune in and subscribe on your favorite platforms: Apple Podcasts – https://podcasts.apple.com/us/podcast/winnipeg-real-estate-podcast/id622749933 Spotify – https://open.spotify.com/show/4kOxJUwU2TV9oPGESmKsUz?si=IgQZHGLZT-2BC0KuCg3UnA   I-Heart Podcasts –  https://iheart.com/podcast/30963149/ Amazon Music – https://music.amazon.com/podcasts/d54a0176-0ebf-4a1e-b32c-06b511f44cad   YouTube – https://www.youtube.com/playlist?list=PL96A77189566FE79D 👉 Have another go-to platform? Search for Winnipeg Real Estate Podcast wherever you listen to podcasts! 🎙️ Don’t forget to hit “subscribe” and leave us a review—it helps more people discover the show! 📢 Stay Connected: Subscribe Today! 🎙️ Love the podcast? Don’t miss a single episode! Hit “subscribe” on your favorite platform to get all the latest insights, tips, and stories delivered right to your ears. 🏡 Looking for more? If you're in Winnipeg or love staying informed about the real estate market, sign up for the Winnipeg Real Estate Newsletter! 💌 Delivered bi-weekly, it’s packed with: Market updates tailored for Winnipeg buyers and sellers. Expert tips to help you make smarter real estate decisions. Insights into the city’s top neighborhoods and hidden gems. 👉 Subscribe here: https://winnipeg.beehiiv.com/subscribe Stay informed. Stay ahead. Subscribe now! 🚀 Connect with Bo Need expert advice? Contact Bo directly for help buying or selling: 📞 204-333-2202 🌐 Visit Bo’s Website #Hashtags for Discoverability #WinnipegRealEstate #RealEstatePodcast #Spring2025RealEstate #HomeBuyingTips #RealEstateTips

Hey there, home buyers! 🏡✅ Ready to make your homeownership dreams a reality? 💭💪 Getting pre-approved for a mortgage is a crucial step in the home buying process. 📝💰 It helps you understand your budget, increases your chances of securing a loan, and gives you a competitive edge in a hot market. 🔑📈 Looking for tips and advice on mortgage lender pre-approval? 🤔🏦 Look no further! Check out our comprehensive guide to the pre-approval process. 📚🔍 From where to get pre-approved, how to apply, and what documents you'll need, we've got you covered. 📋🔒 Don't miss out on this essential resource! Share it with your friends and family who are also on the home buying journey. 🤝👨‍👩‍👧‍👦 #getpreapproved #homeloan #mortgagepreapproval #homebuyingtips #homeownership  

Winnipeg Real Estate Update: Why Spring 2025 Is the Perfect Time to Sell Your Home 🏡📈 Episode Summary: Is 2025 the year you should sell your home? With Winnipeg’s real estate market heating up early, now is a great time to consider listing your property before the spring rush. In today’s episode, we dive into the January 2025 market trends, including a 10% increase in sales and a strong seller’s market ahead. From record-breaking sales to remarkable stories like one Garden City home selling for over $60,000 above asking, you won’t want to miss this comprehensive update on what’s driving the market. Whether you’re thinking of buying, selling, or just keeping an eye on trends, this episode is packed with the latest market insights you need to know. Key Takeaways: 🎙️ Highlights: 10% year-over-year sales increase in Winnipeg’s MLS® market for January 2025 Why 2025 could be the perfect year for sellers—less inventory means more demand Garden City’s recent success story: A home listed for $350,000 that sold for $411,000—what this means for potential sellers Condo sales are up 12% in January, with prices dipping just enough to attract first-time buyers How the spring 2025 market could be a seller’s dream, with competition expected to heat up Optimize Your Real Estate Strategy: As a home seller in Winnipeg, now’s the time to start thinking strategically. With fewer properties on the market and demand increasing, 2025 could be the year you sell for top dollar. Buyers, on the other hand, may face increased competition as we move into the spring market, so being prepared to act fast will be crucial. Stay tuned for more insights into Winnipeg’s dynamic real estate market, and don’t forget to subscribe so you never miss an episode full of expert advice and insider knowledge. 🎧 Listen and Subscribe Never miss an episode of Winnipeg Real Estate Podcast! You can tune in and subscribe on your favorite platforms: Apple Podcasts – Click here Spotify – Click here I-Heart Podcasts – Click here Amazon Music – Click here YouTube – Click here 👉 Have another go-to platform? Search for Winnipeg Real Estate Podcast wherever you listen to podcasts! 🎙️ Don’t forget to hit “subscribe” and leave us a review—it helps more people discover the show! 📢 Stay Connected: Subscribe Today! 🎙️ Love the podcast? Don’t miss a single episode! Hit “subscribe” on your favorite platform to get all the latest insights, tips, and stories delivered right to your ears. 🏡 Looking for more? If you're in Winnipeg or love staying informed about the real estate market, sign up for the Winnipeg Real Estate Newsletter! 💌 Delivered bi-weekly, it’s packed with: Market updates tailored for Winnipeg buyers and sellers Expert tips to help you make smarter real estate decisions Insights into the city’s top neighborhoods and hidden gems 👉 Subscribe here: https://winnipeg.beehiiv.com/subscribe Stay informed. Stay ahead. Subscribe now! 🚀 Connect with Bo Need expert advice? Contact Bo directly for help buying or selling: 📞 204-333-2202 📧 Email Bo: boknowshomes@gmail.com 🌐 Visit Bo’s Website: https://winnipeg.beehiiv.com

Here is why waiting for rates to adjust is not a winning strategy.   Rates will go up, down or stay the same.  But no matter WHAT they do, buyers who sit on the fence now may end up losing .

Lets take a look at how The numbers of sales and listings for houses and condos on August 1st, stack up against the previous month, and also against the previous year.  For sales figures, we look at the sales that occurred during the month of July, but this year, and 2022. Currently in Winnipeg, we have 1282 houses listed and available on the MLS,  That’s up from the 1196 on July 1st, and its actually VERY similar to the number of houses available on Aug 1st LAST YEAR, which was 1263. During the month of July, we sold 693 houses in Winnipeg, with an additional 17 still showing as ‘Pending’ so a potential total sales of 710. Compare that to the 843 sold in June, and you can see we’re down  around 15% over the previous month. Even more important however, is comparing the stats year over year.  So the number this year was 710, in in July ’22 that number was 789,  so we are down 10% over last year as well. In addition, Winnipeg REALTORS reports that the average detached home price is up 2% from same period last year. During July we sold 8 homes at 1 million and more.  The most expensive home sold was in Tuxedo at 4.7 million, and it only took 14 days on the market. To summarize the housing market, let me say this:  The numbers of available listings are at a normal level, while sales are down 10 to 15%.  Winnipeg is currently a much more buyer-friendly market, especially in the 250K to 500K range.  Sales in THIS range are actually down 20%, which makes it a little easier for buyers to find and get a home.   So now lets turn our attention to the condo market in Winnipeg. On august 1st,  we have 369 Condos available for sale, which is up from the 349 on July 1st.  This year’s 369 is very comparable to last years 365, so the amount of available inventory is pretty stable, year over year During July we sold 171 condos with another 13 showing as pending, so a potential total sale of 184 units.  While that’s down 10% from the 206 we sold in June this year, its actually UP 10% from the 160 units we sold in July of LAST YEAR. This year, condos have been bucking the prevailing trend, and have outperformed houses in Winnipeg.  I maintain that a 300K condo will be a nicer place than a similarly priced house. And with interest rates a little higher than we’ve been used to, condos offer a reasonably priced alternative to houses in Winnipeg.

Is spring 2023 turning into a great 'Buyers Market'? When comparing listings and sales, year over year, there is no doubt that numbers are looking favorable for home and condo buyers in Winnipeg.  Let's take a look at the stats of the month of April 22 and April 23. As we can see from the 'ALL MLS' graph, active available listings (all types of houses and condos) are up 70% over last year, same time. They are actually right in line with the 5-yr average of available listings (3,548) At the same time, property sales are down by 24% from last year......  as well as being down 17% from the 5 yr average. Detached Homes in Winnipeg The numbers for stand-along houses (detached homes) is even more telling.  The active listings for the Winnipeg Real Estate Board area are 1,761, which is nearly double (+84%) of the active listings in April 2022, which were 956. At the same time, sales are off by 25% when compared to last year.  So these numbers alone would suggest a nod towards a buyers market.  Since there are MORE HOMES for sale, and FEWER sales happening, buyers overall face less competition, more choices and fewer bidding wars.  But the story does not end there.  Take a look at the average prices: Last year the average detached home sold for $447,295 while this year its $409,286,  a drop of 9%.  A third sign of a buyers market. Increased Inventory Lower buyer activity Lower home prices Attached Homes in Winnipeg How about the so-called attached homes.  These are side-by-sides and townhomes.  Home builders have been constructing these as an alternative for first time buyers.  Since they use less land, and less building material, they are quite a bit cheaper to build.  Let's see how those are faring: Here active listings are actually more than double, going from 122 in 2022 to 252 this year.  Sales are off 28%,  from 109 last year to 79 in April 2023.  And prices are also down 28%, to an average of $326,995. So the story is very much the same as it is with detached homes.......more availability, less competition among buyers and lower prices to boot. Condominiums in Winnipeg Does the story repeat for condos in Winnipeg as well? Yes, but not the same extreme. The 484 available condominiums are a 42% increase over last year, which sales are off by 24%.  Last April we sold 224 condos, whereas this year we only sold 171.  However prices have remained fairly stable, dropping just 1% for the average sale, from $261,802 last year to $258,571 this year. What about interest rates? While all those numbers point to a more buyer-friendly environment, some folks point to the higher interest rates as a deterrent.  Here is another way to look at this "Interest rates will go up and down, but the purchase price is forever." Unless you're lucky (or wealthy enough) to pay your mortgage off in 5 yrs, you will most likely have to re-new it a few times.  Each time you will be subject to the current interest rates of the day. Your mortgage payment will, of course, be based on your current outstanding debt.  And right now, you can buy a house for around 10% less than last year.  PLUS have more homes to choose from, AND fewer bidding wars than last year. All of this adds up to an encouraging sign for home buyers. If you're interested in exploring your options, and see how much home your current pre-approval will buy for you, call me to set up a free buyer consultation.

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Saturday, May 6h, 2023…   Today is National Homebrew Day and International No Diet Day.   As a home buyer, do you know the difference between being a customer and being a client?   If you’re going to open houses or calling different agents asking them to show you their listings, you are a ‘customer’.   The agent you are speaking with is required, by law, to do his best for his home-seller.  As such, the agent only owes you honest answers to direct questions. The agent is actually required to tell his home-seller any information he learns about you.    However, if you are working with your own home-buyer agent, you are now, in law, considered a client.  YOUR agent owes you certain responsibilities and duties, such as protecting your privacy and financial interest.   Here is the kicker:  There is no monetary cost to being moving from being a customer, to becoming a client.   Thinking of buying a house or condo?  Call me right now to set up a free home buyer consultation, either in person or via zoom.   204-333-2202   Add us to your Daily Routine on Alexa.  Go here to add to Alexa in the Canadian Skill Store. Are you interested in more in-depth real estate information?  Check out our podcast, available on most podcast platforms. Do you have an Android Phone?  Add our Free Podcast App Here. Do you have an I-Phone?  Here is our iOS version of the podcast app.

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Sunday, April 30th, 2023…   Today is, National Oatmeal cookie day, Nat. Bugs Bunny Day and National Adopt a shelter pet day   Let’s give a shoutout to that last reference, the Shelter-Pet adoption day. Here in Winnipeg we are privileged to have Western Canada’s largest ‘for-life’ pet shelter in the form of D’Arcy’s Animal Rescue Centre, located at 730 Century St. In operation for over 22 yrs, D’arcys ARC has saved over 16,000 cats and dogs.   As a registered charity, your donations are tax deductible, so please join me in supporting this wonderful cause.   Winnipegs spring market, although delayed, is starting to heat up.  Here are a couple of sales in the past week:   2 story home in River part south was listed at $400K and sold for 61K OVER asking.   A side by side in All Seasons Estates sold for $320K,  which was 30K over asking.   A 900 ft bungalow in West Ft Garry sold for 77k over asking   Even homes outside of the city are getting some love:  1300 ft bungalow near Ile Des Chenes on a 1 acre lot sold for 30K over asking.   A common refrain I hear from buyers  is:  “I’ll never get involved in a bidding war”.  Truth bomb:  don’t kid yourself.  If you go out and LOVE a house, most buyers would put in an offer and voila….you’re in a bidding war, like it or not.   Who is winning these bidding wars?  The buyers who are best prepared and ready to go.  Call me right now to set up a free home buyer consultation, either in person or via zoom.   204-333-2202   Add us to your Daily Routine on Alexa.  Go here to add to Alexa in the Canadian Skill Store. Are you interested in more in-depth real estate information?  Check out our podcast, available on most podcast platforms. Do you have an Android Phone?  Add our Free Podcast App Here. Do you have an I-Phone?  Here is our iOS version of the podcast app.

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Monday, April 24th, 2023…   Today is National Bucket List Day and Pics in a blanket Day   Today, let’s talk a little about home staging.  When hearing the word, a lot of people might envision a long, involved process, including movers, decorators and stagers. In reality, even a few touch ups and clean ups can make a huge impact. Over the next few days we’ll look at several areas where a little diy and elbow grease will go a long way to make a great first impression.   For today, I’ll focus on an often forgotten aspect of staging….  Offensive odours:   Odours are usually traced to any of 3 sources:  Pet, smoking or cooking. The problem is that home owners often no longer notice these smells, as they get used to them. But a non-smoking buyer, for example, will immediately pick up on the distinctive smell of cigarettes or cigars.   I just showed a house that had an overwhelming cat odor it was like a punch in the face stepping into the home.   Adding to the problem is the fact that many listing agents just don’t feel comfortable addressing this issue head-on.  How do you tell a home seller that their home has offensive odors?  Doing so might cause the owner to go with a different agent, one who is more effusive and complimentary and tells the seller just how beautiful their home is.   Take it from me…..  offensive odors can cost you serious money in lost offers, and lowball offers.    Thinking of selling?  Call me right now to set up a free home seller consultation, either in person or via zoom.   204-333-2202   Add us to your Daily Routine on Alexa.  Go here to add to Alexa in the Canadian Skill Store. Are you interested in more in-depth real estate information?  Check out our podcast, available on most podcast platforms. Do you have an Android Phone?  Add our Free Podcast App Here. Do you have an I-Phone?  Here is our iOS version of the podcast app.

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Saturday, April 22nd, 2023…   Today is National Jelly Bean Day and International Earth Day   According to a new RateHub research, Canadians will need an annual income of $217,000 in Toronto to finance an average home.  That’s a lot of jelly beans   Even though the city's average home price has dropped by more than $200,000, the income required is actually 6,250 more than was required a year ago.   According to RateHub co-CEO James Laird, Canadians now need to earn more money to buy a home due to rising interest rates and a 7.54 percent stress test rate.   According to the survey, homebuyers in nine of ten Canadian cities must earn between $5,650 and $21,360 more in annual income than they did last year in order to afford a home.  The only city where you can buy a home with less income than a year ago is Hamilton ONT, which requires nearly 5K LESS in annual income than a year ago.  Reason is that Hamiltons average home dropped around 20% in value, which more than makes up for the rise in interest rates.   Lets take a look at some of the cities in this report   The average Vancouver home dropped by $119,600 March over March, but the income required rose by 21K  to   221,220/year.    Calgary got the double whammy.  House prices went UP 5,600 on average  (the only city with an increase in property values).  Add the higher interest rates, and required income went from $91  to $110,000/year   The only 2 cities in the report with home values below $400K where Edmonton and Winnipeg. In Edmonton, you need an annual income of just shy of $82K, while in Winnipeg, $75,650 is enough to buy an ‘average home’..   Thinking of buying?  Call me right now to set up a free home buyer consultation, either in person or via zoom.   204-333-2202   Add us to your Daily Routine on Alexa.  Go here to add to Alexa in the Canadian Skill Store. Are you interested in more in-depth real estate information?  Check out our podcast, available on most podcast platforms. Do you have an Android Phone?  Add our Free Podcast App Here. Do you have an I-Phone?  Here is our iOS version of the podcast app.

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Thursday, April 20th, 2023…   Today is National 420 Day, Volunteer Recog. Day and Nat. Cheddar Fries Day   You may be wondering where the housing market will go from here as it continues to evolve. You've probably heard something about a price crash on the horizon in the news or on social media.   According to a recent Zonda survey, 53% of millennials are still renting because they are waiting for property prices to fall. But here's the thing: according to the most current data, housing prices appear to have bottomed out and are now on the upswing. CoreLogic's Chief Economist, Selma Hepp, reports:   "U.S. home prices rose by 0.8% in February... indicating that prices in most markets have already bottomed out."   So, should you hold off on purchasing a property till prices fall? If you consider what the experts say, you probably shouldn't. According to the data, prices are rising rather than falling across much of the country.   According to the most recent Home Price Expectation Survey data, experts predict that home prices will grow slowly and revert to more normal levels of appreciation after 2023.   Working with a local real estate professional who can provide you with the most up-to-date information and expert advice is the best approach to understand what house values are doing in your region.   Thinking of buying?  Call me right now to set up a free home buyer consultation, either in person or via zoom.   204-333-2202   Add us to your Daily Routine on Alexa.  Go here to add to Alexa in the Canadian Skill Store. Are you interested in more in-depth real estate information?  Check out our podcast, available on most podcast platforms. Do you have an Android Phone?  Add our Free Podcast App Here. Do you have an I-Phone?  Here is our iOS version of the podcast app.

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Monday, April 17th, 2023…   Today is National Crawfish Day and Bat appreciation day   (the mammal, not the stick)   Just a few weeks ago, we were wondering if cheap credit and government-led relief measures would stop Canada's real estate market from going down.   According to figures from the Canadian Real Estate Association (CREA) that came out this morning, the benchmark home price went up a lot in March. Canadian Real Estate Prices Jump $12k Last month.   In March, the average home went up 1.7%, or $12,300, to $727,700.   It comes after a 1.0% rise (+$7,100) in February and is the second increase in a month since the correction started.   Even though two months doesn't seem like much, it's enough to change the direction of the annual trend.   In March, home prices dropped by 15.5%, or $133,300 as compared to last year.   The 12-month drop is the biggest fall in CREA's benchmark's history. Since the standard only goes back to 2005, it's hard to say how this compares to the correction in the 1990s.   At the same time, this might be the fastest rate of turnaround. Prices of properties don't move in a straight line, so it's too early to tell what will happen.   For more on this report, go to https://boknows.homes/8c2f1d90   Here in Winnipeg, we should also focus on one figure that I just mentioned:  The benchmark home in Canada sits at 727K???   Not around Winnipeg, where you can get a really nice, detached bungalow for about half that amount.  In fact, I just listed a nice 1300 ft bungalow on an acre property just south of Ile des Chenes for $350K.   Thinking of buying?  Call me right now to set up a free home buyer consultation, either in person or via zoom.   204-333-2202   Add us to your Daily Routine on Alexa.  Go here to add to Alexa in the Canadian Skill Store. Are you interested in more in-depth real estate information?  Check out our podcast, available on most podcast platforms. Do you have an Android Phone?  Add our Free Podcast App Here. Do you have an I-Phone?  Here is our iOS version of the podcast app.

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Saturday, April 15th, 2023…   Today is Nat. Laundlry Day, Glazed Spiral Ham Day and take a guess…..its Nat. Take  a wild guess day   Should you consider buying a brand-new condo?  Wanna make some quick cash by buying pre-construction units?   We’ve all heard the stories of real estate investors and speculators purchasing pre-construction condos in major markets such as Vancouver and Toronto.   The story goes like this:  They buy a $700K unit before they are even built, and at possession time, the units are worth 800K, 900k or even more.   I know of some Vancouver investors who came to Winnipeg back in 2008 and tried that with a brand new condo building along wellington Cr. They were sorely disappointed when they tried to sell a year after possession and couldn’t even get their money back.   Winnipeg’s new condo market can be compared to the new car market.  We all know what happens when you drive your new car off the lot, right?   Same thing happens to your brand new condo.  Live in it for a year, and it’s no longer brand new, but if you try and sell, you’ll be up against other units in the same building, still being sold by the builder at the brand new prices.   There really is only ONE situation when you should consider buying a brand new condo in Winnipeg:  It’s when you plan on living in that unit for at least 6-10 years.  Why?   There is actually a drop in your value for the first couple of years, which should correct itself over time…..say 6-10 yrs.     So if you are certain you’ll own and enjoy your new condo for at least that long…I say go for it. But if there is a chance you need to sell in the next 5 years, consider a resale condo, where the values have already stabilized. Thinking of buying?  Call me right now to set up a free home buyer consultation, either in person or via zoom.   204-333-2202   Add us to your Daily Routine on Alexa.  Go here to add to Alexa in the Canadian Skill Store. Are you interested in more in-depth real estate information?  Check out our podcast, available on most podcast platforms. Do you have an Android Phone?  Add our Free Podcast App Here. Do you have an I-Phone?  Here is our iOS version of the podcast app.