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المحتوى المقدم من Bo Kauffmann - REALTOR. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Bo Kauffmann - REALTOR أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
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Bridechilla - Wedding Planning Podcast

1 444- Eloping is Fun with Jenny Mac 1:06:22
1:06:22
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Want to ditch the big wedding and elope? This episode's for you! Jenny Mac, creator of New York City-based Eloping is Fun, joins us this week to chat about the next steps after deciding to elope, as well as the creative ways couples are balancing traditions with a more intimate elopement or micro-wedding. Find Eloping is Fun on Instagram at @elopingisfun and their website elopingisfun.com Visit thebridechilla.com for all the latest news! BriteCo: Modern Insurance for Modern Milestones. Visit brite.co/bridechilla/ for a fast, free quote today and unlock peace of mind knowing you're covered. Learn more about your ad choices. Visit megaphone.fm/adchoices…
Winnipeg Real Estate Podcast
وسم كل الحلقات كغير/(كـ)مشغلة
Manage series 1019681
المحتوى المقدم من Bo Kauffmann - REALTOR. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Bo Kauffmann - REALTOR أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
This is the audio-only version of episodes in Winnipeg’s Real Estate Podcast. Information for home and condo buyers, sellers and owners in Winnipeg. Operated by real estate agent Bo Kauffmann of REMAX performance realty in Winnipeg.
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100 حلقات
وسم كل الحلقات كغير/(كـ)مشغلة
Manage series 1019681
المحتوى المقدم من Bo Kauffmann - REALTOR. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Bo Kauffmann - REALTOR أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
This is the audio-only version of episodes in Winnipeg’s Real Estate Podcast. Information for home and condo buyers, sellers and owners in Winnipeg. Operated by real estate agent Bo Kauffmann of REMAX performance realty in Winnipeg.
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100 حلقات
كل الحلقات
×1 Spring Into Action: Selling Your Home in Winnipeg's Booming Market 3:46
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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…
1 Midwinter Refresh: Beat the Blues with a Cleaner Home 6:37
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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…
1 Essential Home Maintenance Tasks For February 7:38
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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…
1 Unlocking Mortgage Mysteries: Beyond the Interest Rate 8:08
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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!…
1 Unveiling the True Cost of Homeownership: Beyond Mortgages 11:56
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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…
1 Mastering Open Houses: Insider Tips for Savvy Home Buyers 6:16
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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…
1 Winnipeg's Real Estate Boom: Year-End Market Insights 6:09
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🎙️ 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…
1 Winnipeg’s Real Estate Podcast - 2025 and Beyond 2:54
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1 Mortgage Lender Pre-Approval; Comprehensive Guide For Home Buyers 12:25
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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…
1 EP: 205 Why Waiting For Interest Rates To Adjust Is NOT A Winning Strategy 4:41
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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.…
1 Difference between a customer and a client 1:35
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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.…
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Winnipeg Real Estate Podcast
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.…
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Winnipeg Real Estate Podcast
1 How much income is required to buy an average home? 2:40
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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.…
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Winnipeg Real Estate Podcast
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.…
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Winnipeg Real Estate Podcast
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.…
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Winnipeg Real Estate Podcast
1 The ONLY time you should buy a brand new condo 2:33
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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.…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Friday, April 14th, 2023… Today is National Gardening Day, National Pecan Day and National Ex Spouse Day. Yesterday we opened up the Winnipeg Regional Real Estate Board Market report for March 2023, and saw that listings were up, sales were down, and prices of detached homes were down by 12% Total let’s look at attached homes and condos. First, attached homes which are side by sides and townhouse style buildings. Here, available listings are more than double the number last year, up 132% while sales are down around 31%, Prices have dropped around 6 % from an average of $349k to a little over $328. Itt should be noted that builders love to build these townhouse style homes because they are more cost-effective. The property size is smaller, and thus cheaper, and these 2, 3 and 4-piece units are cheaper to construct. Next, condominiums are in a similar boat. Numbers of available listings are up, although not as much as attached homes. Listings are up 35% and sales are down by the same 35%. Prices are also down 6% over last year, from an average 260K to just $245K. Condos also offer a great way to get into home ownership at a lower cost. However, BEFORE you buy a brand new construction condo, listen to my next episode as I will share a couple of thoughts on this topic. You are NOT going to want to miss this, so please listen BEFORE you make that type of decision. Thinking of buying? Call me right now to set up a free home buyer consultation, either in person or via zoom. 204-333-2202 Come back tomorrow when we’ll dive into the attached homes and condo market stats for the month. 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.…
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Winnipeg Real Estate Podcast
1 Winnipeg March Market Update - Detached Home Sales 2:09
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Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Thursday, April 13th, 2023… Today is National Peach Cobbler Day and National Scrabble Day The Winnipeg Regional Real Estate Board has just released it’s MLS stats for March. While sales and listings are on the increase when compared to the previous month, they still lag well behind the craziness of 2022. In March we saw a total of 1,014 MLS sales in total, which is down from the over 1400 in March last year, and also down from the 5 yr average, which sits at 1300 sales for that one month. The largest difference is in the sales and prices of stand-alone houses, called detached homes. Sales in March of 698 homes is down 28% from the same time last year, and 21% lower than the 5 yr average. As for prices, the average detached home sold for $386,800, which is down 12% from the average last year, which sat at $439.900. Active listings in this type of home are up over double from last year. So definitely the bright spot here is for home buyers: More than double the numbers of available listings, prices have gone down 12% and fewer competing buyers in the market. All this means that right now we are in a much more buyer-friendly market here in Winnipeg. Thinking of buying? Call me right now to set up a free home buyer consultation, either in person or via zoom. 204-333-2202 Come back tomorrow when we’ll dive into the attached homes and condo market stats for the month. 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.…
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Winnipeg Real Estate Podcast
1 Canadian home owners not selling right now 2:41
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Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Monday, April 10th, 2023… Today is National Siblings Day and National Cinnamon Crescent day A newly published article in Better Dwellings reports the fact that Canadian real estate owners are not selling right now, and examines the reasons why. The article reports that two of Canada’s trend leading markets, Toronto and Vancouver, saw new listings in March fall by 44% and 34% respectively. They identify the main reason as being ‘little reason to sell’. Higher interest rates ‘normally’ cause prices to drop, but that’s not happening this time around. The report somewhat falsely claims that the shortage of listings is a country wide phenomenon, affecting all markets. For the full report, go here; https://boknows.homes/4b74e290 But again, Winnipeg is bucking the national trend. On April 1st this year, Winnipeg had 961 houses of all types, styles and sizes available for sale. That was more than double the numbers available on April 1st last year. While we can agree that last year’s 426 houses was an abnormally low number, April 2021 still only had 615 available. We have to go back to the very start of the pandemic, to find over 1,000 listings on any April 1st date. So Winnipeg right now is actually seeing more choices for buyers than at anytime in the past 2 yrs. How about prices. The most recent report from Winnipeg REALTORS shows that the average house in Feb. this year sold for $375k, which is down 13% from the average of 429K the same period of the previous year. The March sales stats should be out in the next day, and I’ll be happy to report them here… Looking to buy or sell in Winnipeg? I am a, Accredited Buyer Representative, AND Certified Luxury Home Marketing Specialist and can help you buy or sell any house or condo in Winnipeg and surrounding areas. Call me anytime at 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.…
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Winnipeg Real Estate Podcast
1 Features Which Help Sell Your Luxury Home Faster 1:55
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Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Friday, April 7th, 2023… Today is Good Friday, National Beer Day and Nat. No Housework Day According to new research from Zillow, some luxury features may help you sell your home for more money or faster than you thought. The real estate website looked at 271 design terms and features that would be included in nearly 2 million home sales in 2022. Two chef-friendly features that helped homes sell for more were steam ovens and pizza ovens. Steam ovens helped push prices up by 5.3% compared to similar homes without them, and pizza ovens helped push prices up by 3.7%. Professional appliances, "she sheds," quartz counters, and hurricane storm shutters where among the top 10 features which helped increase the prices. Zillow also looked at which features helped houses sell faster than expected. The top of that list was doorbell cameras, open shelving, heat pumps, fenced yards, hardwood; and gas furnaces. Looking for a luxury home in Winnipeg? I am a Certified Luxury Home Marketing Specialist and can help you buy or sell any luxury property, house or condo in Winnipeg and surrounding areas. Call me anytime at 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.…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Thursday, April 6th, 2023… Today is National Burrito Day, New Beers Eve and Nat. Employee Benefits Day Growing demand for homes has made its way up to the higher end of the Canadian real estate market. In most of the country's major markets, luxury sales went up in the first quarter of 2023 compared to the fourth quarter of 2022. RE/MAX Canada looked at luxury market patterns in 15 locations across the country, from coast to coast. They discovered that the significant loss of home stock is pushing up prices at lower price points and increasing demand. 10 of the 15 markets that were looked at are on par with or ahead of Q4 2022. As sales and temperatures rise, this pattern is likely to keep going until the second quarter of 2023. Calgary and Hamilton saw the largest jumps at 34% and 39% respectively. A lot of the activity is thought to be due to demand that has been building up since the middle of 2022. Buyers are taking advantage of the chance they have right now to buy a property. Listings, on the other hand, are hard to come by in most parts of the country, making it hard to find the ideal home. In summary, the report identified 3 trends: 1) Overall national demand for luxury homes has increased 2) Sidelined buyers are back, and 3) The activity is expected on continue and rise. Once again, Winnipeg is one of 5 cities bucking the trend, although just barely. Luxury home sales were down in St. Johns NFLD by 68%, Edmonton AB by 30%, Kelowna BC by 17% and London ONT by 9%. Winnipeg saw the smallest drop at only 3.8%. Looking for a luxury home in Winnipeg? I am a Certified Luxury Home Marketing Specialist and can help you buy or sell any luxury property, house or condo in Winnipeg and surrounding areas. Call me anytime at 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.…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Wednesday, April 5th, 2023… Today is First day of Passover, Nat. Deep Dish Pizza Day and fittingly, Nat. Walking Day The largest oceanfront single-family property in Miami came back to the market on Tuesday. They tried selling this thing last year, and despite the jaw-dropping 100-million price, the 1.5-acre estate is being marketed as a teardown. BONUS: the new owner will also receive approved plans for a new 10-bedroom, 30,000-square-foot home. (the contruction of which is NOT included) The property is currently owned by Edith Newman and her late husband, Joel Newman, founder of Craig Electronics, since 1995 and has been custom built with nine bedrooms and 12 bathrooms across 25,867 square feet. Golden Beach is known as a very upscale community, with a small population of approximately 364 households, and celebrity residents include Bill Gates and Eric Clapton. For more info, see the article here https://boknows.homes/91ea0500 Meanwhile, back on earth, the largest home on the market in Winnipeg is a 5900 sq ft 2-storey home in E St Paul. Built in 2002, it is currently asking 2.5 million and has been on the market for 81 days The most expensive house in Winnipeg is a newly listed, 4400 sq ft 2 storey home in Tuxedo, built in 2022 and asking 4.2 million To see these or any other house or condo on the market, contact me anytime Bo Kauffmann with REMAX at 204-333-2202…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Tuesday, April 4th, 2023… Today is Nat. School Librarian Day, Vitamin C Day and Hug a Newsperson Day (or podcaster) At least one major Canadian Bank thinks that house prices in Canada are poised to dramatically go up. Scotiabank points out that the Band of Canada and the Fed Government are acting in opposing fashion, and that the Federal Govt might just win this race. While the Bank of Canada has been keeping interest rates higher to cool the housing market, the Fed’s policies are stimulating the real estate market. Policies like increased immigration and the new Tax Free Home Buyer Savings Plan are encouraging buyers to enter a housing market that is low on supply, at least nationally. For more info, read this article here: https://boknows.homes/e6988560 Speaking of housing affordability… RBC has devised an ‘affordability measure’ which is based on the percentage of income a typical household would spend on home ownership costs. Nationally, the average is at 62.8%. But in the late stages of 2022, Vancouver hit the ridiculous mark of 98.1%, making it the most unaffordable city in which to own a home. The average MLS price for a home in greater Vancouver is 1.2 Million dollars. For more info, read this article here: https://boknows.homes/9d515310 Meanwhile, back in River City, the average house is around $340,000, and the average condo around $240,000. And unlike the national average, our market has plenty of homes to choose from….at least for now. 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.…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Monday, April 3rd, 2023… Today is World Party Day, National Choc Mousse Day and here it’s Market Monday. Being the 1st Monday of the month, lets take a look at the local market conditions. On April 1st, we had 961 houses of all types, styles and price ranges available for sale in Winnipeg. Last year that number was 426. So we have more than double the number of homes for sale than we did last year same time. On the sales side of the equation, we sold 520 homes in March this year, compared to 773 same time last year. So available homes are up over 100%, while sales are DOWN around 35%. It’s a great market for buyers. And with interest rates having stabilized in the past month, things are looking great if you’re interested in buying a home. What about Condos? On April 1st, we had 318 Condos available in Winnipeg, compared to just 247 same day last year. So again, inventory is up nearly 30% During March we sold around 100 condos, compared to 214 last year same period Condos represent an excellent opportunity to get into the home ownership market in Winnipeg, and now is a GREAT time to buy one. For a more historic and in-depth look at the Winnipeg Real Estate Market, go to https://blog.winnipeghomefinder.com/winnipeg-housing-market-report/…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Celebrity Sunday, April 2nd, 2023… Today is World Autism Day, National Peanut Butter and Jelly Day, and National Reconcilliation Day. Whenever a huge event, like a Super Bowl comes to a city, rental rates go thru the roof for that week or month. But this is ridiculous Turns out the owner of a 6,000 sq ft home in Paradise Valley , an affluent area in Phoenix, had no intention of renting his home out, let alone rent it during super bowl. But then the agent for Rhianna came calling with a sweetheart offer. As you recall, Rhianna performed at the Super Bowl this year and needed a pad to crash between rehearsals. The offer: $500,000 for ONE WEEK. Singer Avril Lavigne has put her 3500 sq ft Malibu Home on the market for a cool 12 million. The home was built in 1968 and sits on just over half an acre. Over the past 2 decades, actor Brad Pitt had purchased several adjoining properties amounting to just under 2 acres. This week he sold the whole thing to an unidentified buyer for 40 million dollars. Closer to home, a 3500 sq ft Tuxedo home sold for just shy of 2 Million dollars. Noteworthy: The wine cooler in the basement was specifically excluded..…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Saturday, April 1st, 2023… Today is April Fools Day, National Sourdough Bread Day (No foolin) As of today, Canadians are supposed to be able to start contributing to a Tax-Free First Home Savings Account. Here is how that works: Canadian Citizens who are at least 18 yrs old, and no older than 71, open up an FHSA and start contributing money into it. The yearly limit is $8,000 with a lifetime limit of $40,000. Just like an RRSP, contributions are deductible from your income tax, so this makes a great tax-avoidance option. Unlike RRSP’s, when you pull the money out to buy your first home, you do NOT have to replace that money into the account later. Definition of first time home buyers are those who have not owned a home, in which they live, for the past 5 years. Started this briefing by saying that Canadians are ‘supposed to be able to start using this vehicle’ but it would appear that financial institutions are not yet ready for this. Check with your investment professional or financial institution now. Interested in more indepth real estate information? Download our free podcast app, available for IOS and Android devices, by going to boknows.homes/apps…. You can also receive daily briefings on Alexa by going to boknows.homes/alexa…
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Winnipeg Real Estate Podcast
lo…this is Bo Kauffmann of Remax in Winnipeg, with your flash briefing on Feel Good Friday, March 31st 2023 Today is National Crayon Day, National Prom Day and National Tater Day Ready for some ‘feel good stories?” I’ve got two of them A friend of mine owns a house painting company and had been searching for workers, unsuccessfully, for the past couple of years. He finally found some, in the form of a Ukrainian father-son team who had just landed in Winnipeg a few days earlier. My friend reports that they are eager to work and, best of all, experienced painters. Different setting, similar story: Another friend runs a exterior home renovation company and has also had problems finding workers. Problem solved when he found 3 ukraininan males who are not only eager to work but have decades of experience in aluminum siding installation. That same company is also offering a 10% discount on booking any exterior reno project this spring. Contact me for details… 204-333-2202 Im planning to make ‘Feel Good Friday” a regular thing. Let me know how you ‘feel’ about that? Interested in more indepth real estate information? Download our free podcast app, available for IOS and Android devices, by going to boknows.homes/apps…. You can also receive daily briefings on Alexa by going to boknows.homes/alexa…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Thursday, March 30th, 2023… Today is National Doctors Day, National Take a walk in the park day and national turkey neck soup day. Where do they get this stuff? National walk in the park day….phaw. True North Real Estate Development has filed a request with city council to be given 1 yr to investigate the possibility of purchasing Portage Place Mall. What was once a jewel in downtown, Portage Place has been “a large, cumbersome and mostly vacant asset in a state of continuing decline in Winnipeg’s downtown for many years”, the filing claims. In national real estate news, The Canadian real estate association reports that on average, house prices have fallen 19% from their HIGH in Feb. 2022. As BMO chief economist predicted they would fall a total of 20-25%, realtors are now seeing buyers coming back into the market. While new listings are down 26% nationally, here in Winnipeg we are again bucking the trend. The 867 houses available on March 1st was more than double the number available the same day a year ago. With the Bank of Canada apparently signalling no further rate hikes, now is a good time for buyers to check out their options. Interested in more indepth real estate information? Download our free podcast app, available for IOS and Android devices, by going to boknows.homes/apps…. You can also receive daily briefings on Alexa by going to boknows.homes/alexa…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Wednesday, March 29th, 2023… Today is National Lemon Chiffon Cake Day, and Manatee appreciation day. The sharp drop in headline inflation in February suggests that rates have reached their highest point and that the next move will be a cut. In February, the annual rate of change in the consumer price index slowed to 5.2%. This was the biggest drop since February 2020. Most economists think that the drop in inflation makes it almost certain that the Bank of Canada will not change interest rates at its April 12 meeting. Some people want at least one 25-basis-point rate cut before the end of the year. This would drop the Bank's overnight target rate from 4.50% to 4.25%. Canada is especially vulnerable to the risk of a housing market correction when interest rates are going up because people there have more debt. If inflation rates go down, the Bank of Canada will be able to respond by loosening monetary policy. This is especially true since Finance Minister Chrystia Freeland has said that her next budget will "exercise fiscal restraint" to help fight inflation. Interested in more indepth real estate information? Download our free podcast app, available for IOS and Android devices, by going to boknows.homes/apps…. You can also receive daily briefings on Alexa by going to boknows.homes/alexa…
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Winnipeg Real Estate Podcast
1 March 28 Briefing ; Luxury Home Survey in Canada 1:41
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Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Tuesday, March 28th, 2023… Today is National Weed Appreciation Day and suitably, National Black Forest Cake Day…..dude! Real Estate brokerage Royal LePage did a study recently to see how much home you could buy for a million dollars. On average, Canada wide, a million will buy your nearly 1800 sq feet, with 3.2 bedroom and 2.6 baths. As you can probably guess, that’s not happening in Vancouver, where a cool mil gets you less than 1,000 sq feet, and not even 2 bathrooms. If you want more house, You’ll have to live on Kraft Dinners. Toronto is next, where you’ll get 1230 sq feet, nearly 3 bedrooms and still less than 2 bathrooms on average. Best bang for your buck? You guess it: Winnipeg comes in as one of the most affordable cities. Last month, a 2300 sq ft home with 4 BR and 3 baths sold for 1.15 million And a newer 2300 ft home in E St Paul sold for 975K….enough money left over to buy a nice chesterfield….or an ottoman. Incidentally, right now there are 44 homes on Winnipeg’s market priced at 1 Million plus. The 4 most expensive ones are all located in Tuxedo. The Luxury Home Marketing Institute defines a luxury home as one which is worth 1 million or more. Add us to your daily routine by going to boknows.homes/alexa…
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Winnipeg Real Estate Podcast
1 March 27th Briefing ; Underused Housing Tax in Canada 1:35
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Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Monday, March 27th, 2023… Today is National Spanish Paella Day and, I cant read this……..oh yeah, National Scribble day. If you own investment property in Canada, listen up: New rules enacted by CRA may require you to file special forms by April 30th. Its called the Underused Housing Tax and has a nasty surprise built in. You see there are two parts to this: One is the question of whether you owe any new tax on your properties. If you’re a Canadian citizen or resident, you may be excempt from the tax, however that’s not the nasty part: The surprise is that you may likely be required to at least FILE a special form by April 30th this year. And failure to simply file this form can result in up to $10,000 fine PER PROPERTY. So my advice: If you own rental property, check with your accountant or tax professional about the Underused Housing Tax…. My accountant tells me that a LOT of people are unaware of this new rule. I want to thank Garret Wong of Upper Edge Property Management for bringing this to my attention. Interested in more indepth real estate information? Download our free podcast app, available for IOS and Android devices, by going to boknows.homes/apps…. You can also receive daily briefings on Alexa by going to boknows.homes/alexa…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Sunday, March 26th, 2023… Today is Epilepsy awareness day, and National Spinach Day and National Nougat day. Spinach doesn’t deserve a day…….but I digest Spring time Sundays mean Open Houses. If you’re planning on attending an open house in your city, remember that the agent there, works for the Seller. Try to keep your oohhs and aaaahs to a minimum, as they may weaken your negotiating position if you do want to make an offer. Also remember that you do have the right to be represented by your own agent, even after visiting the open house. Here are 6 questions you should ask the open house agent. 1) How long have the sellers lived here? You want to determine whether this is a flip house, or a loved family home. 2) How long has the home been on the market? If it’s been up for a long time, have they had price adjustments? 3) How much are the heating costs? Especially important in older homes, which had originally been insulated with newspaper clippings. 4) Has the seller done any renovations or additions? If so, have they pulled the necessary permits, and obtained the follow up inspections 5) Is the seller making any disclosures? Sellers must make disclosures of ‘hidden defects which could affect structure or health issues”. 6) Has the seller had any offers? Good to know if they’ve turned down offers or how much action there has been on the home. Don’t let heavy foot traffic intimidate you into thinking that the house will sell today. Spring time open houses see a lot of action, and much of it is by tire-kickers. If you’re interested in the home, thank the agent, and call your own realtor asap to book your private showing for a 2nd, more indepth look. https://blog.winnipeghomefinder.com/open-house-questions-to-ask/ Interested in more indepth real estate information? Download our free podcast app, available for IOS and Android devices, by going to boknows.homes/apps….…
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Winnipeg Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Friday, March 24th, 2023… Today is National Cheese-steak day, and National Cocktail day. Spoiler alert;;; I’ll be celebrating BOTH. Good news for home-owners: The provincial budget for 2023 has been announced, and the cost of education is being increasingly funded from general revenues, and less from homeowner property taxes. This is something our real estate board has been advocating for a long time. In this years budget, homeowners will see a 50% refund of the education tax portion of their property tax bill. An estimated average saving of $775 per home. Tomorrow is the day of Earth Hour. In addition to turning off our lights for 1 hour in the evening, here are a couple of tips to help us all be a little more eco-friendly. Replace any remaining incandescent light bulbs with long lasting, power friendly LED bulbs Buy reusable shopping bags and don’t forget them in the car, like I always do Stop using single-use plastics. If you have plastic cups, wash them and reuse them. Install low-flow shower heads and take shorter showers. Instead of buying drinking water in plastic bottles, invest in a good quality filter, and fill reusable bottles. Don’t throw out old clothes and household goods: Donate them to a local charity such as Annie’s Attic Thrift shop at 1560 Main St. They will resell these items and use the money to support their animal shelter. Interested in more indepth real estate information? Download our free podcast app, available for IOS and Android devices, by going to boknows.homes/apps….…
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Winnipeg Real Estate Podcast
What is a Special Assessment? Hi, Bo Kauffmann of REMAX in Winnipeg here to explain this term. A special assessment relates to the condominium reserve fund. When a condominium requires repairs, maintenance or upgrades and there is not enough money in the reserve fund, additional money has to be raised from all condo-owners. The act of raising this additional money is called a ‘Special Assessment’. If it is a relatively small sum of money, for example a few hundred dollars, this special assessment is usually collected as a one-time payment. However larger sums may require an ongoing monthly installment plan, which is added to the owners monthly Condo Fees. For a deeper discussion on this and other real estate topics, check out my blog at boknows.homes/blog or scan this code.…
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Winnipeg Real Estate Podcast
1 (EP: 177) Real Estate News for March 20th 2023 1:33
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Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… March 20th, 2023… Today is the first day of spring, but also International Day of Happyness, World Storytelling day, and National Ravioli Day…..mmmmhhh ravioli. Total Moving Winnipeg has acquired pod company Easy Stor. This enables them to bring a 12’ or 16 ft pod to your home where you can fill it with excess furniture and other stuff. An excellent idea if you need to declutter your home before putting it on the market. The pod is then picked up and safely stored in a temperature controlled, secure facility. Spring is the time we can pay attention to our home’s exteriors again. Advance Exteriors, who specialize in windows, doors and roofs, are offering a 10% discount if you book your roofing job now. Don’t delay, they do book up quickly. And in mortgage rate news, a 4 yr locked in mortgage can now be had for as little as 4.64%. What does that mean? Bi-weekly payments on a $350,000 mortgage would be a shade over $900. Good Times. Interested in more indepth real estate information? Download our free podcast app, available for IOS and Android devices, by going to boknows.homes/apps…
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Winnipeg Real Estate Podcast
1 (EP: 176) How relevant is the ’Price Per Foot’ information on home listings? 1:46
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When you look at house or condo listings, you will see the price, the size of the home and then the ‘price per sq foot’. But how relevant is that number? Buyers might think that a $200 per foot home is a better value than a $300 per foot. Not so fast. Even if both homes are in generally the same condition and in the same neighbourhood, there are a lot of other factors that go into pricing. For example, a 2-storey home is cheaper per foot than a bungalow. And a Bi-level or raised bungalow is the highest priced of all. Also, finished basements and garages add value to the home, without adding actual square footage, so this increases the ‘dollar-per-foot’ figure as well. When buying a home, in any market, make sure you have an experienced agent in your corner. In Winnipeg, call me at 204-333-2202 to help you find your next house or condo.…
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Winnipeg Real Estate Podcast
1 (EP: 175) Feb 2023 Winnipeg Real Estate Market 9:54
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Winnipeg's real estate market stats . Available houses and condos on Feb. 1st, and a look at sales uring January
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Winnipeg Real Estate Podcast
1 (EP: 174) November Real Estate Market Update Winnipeg 9:55
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November 2022 Market Update We’re into the last couple of months of 2022, so let’s see if the buyers market continues into the winter, shall we? Hello, I’m Bo Kauffmann a residential real estate agent with REMAX Performance realty, and your host of Winnipeg’s Real estate podcast. A few days ago, Winnipeg REALTORS reported that sales in October were off (down) by 30% compared to last year. This is certainly true. Whats different about their report and this one is that I focus on Winnipeg only….while Winnipeg REALTORS cover the entire south east quadrant of the province. It’s important to remember that when I say “the market”, it covers many different segments. Not all segments react or act the same way. For example, 400K condos are very different from 400k houses. Transcona’s housing market will be different than the River Heights market. A side by side in St James will enjoy a different response than a detached home in Garden City, and so on. My monthly market report attempts to separate some of these markets along different price points, 4 for houses and 2 for condos. But NO real estate market report would ever be able to replace individual analysis and advice a real estate agent can give you in a one-to-one setting. That’s why, if/when you’re ready to buy or sell, a house or a condo in Winnipeg, call me for a free consultation anytime. With the availability of zoom, we could even hold this consultation online, from the comfort of your own home. If there is one thing you should take away from this month’s report, its this: As you will see by the following numbers, availability of homes is UP, and sales are DOWN, making this a perfect time to buy. Don’t wait til spring when prices traditionally jump, as a result of increased competition among buyers. On Nov. 1st, there were 1228 houses of all types available in Winnipeg. Compare that to 1336 on Oct. 1st, and only 802 on November 1st , last year. As for sales, in October we sold 555 houses with another 22 ‘pending’, meaning that potentially a total of 575 house were sold. That’s nearly identical to the 577 sold the month before, but down significantly from the 756 last year same time period. In fact, that’s down 24% year over year. As I said earlier, we will find that available homes are UP, and sales are DOWN. Ok. Let’s take a look at the first segment of the housing market, which is entry level homes priced under 250,000. Houses under $250,000 Currently we have 335 houses available, which is nearly the same as 339 on Oct 1st. And on the other side of the equation, we sold 117 homes in October, with another 7 pending, for a potential total of 124. That’s about the same as the 121 sold during September, but down significantly from the 155 we sold during October of last year. I find that comparing year over year has more significance than going month to month. So a drop from 155 sales to 124 is noteworthy. Lets look at Winnipeg’s most active price range, homes between 250 and 500K Homes 250-500K On November 1st, we had 495 houses available in this price range, which is down from the 591 on October 1st. We see a similar, perhaps more drastic difference in the sales. During Oct., we sold 326 houses plus 12 pending, for a potential sale of 338 houses. In September, that was pretty much the same, 339, but a year ago in October we sold 445. So about a 25% reduction in sales, year of year, for the month of October. This makes for a great time to buy. Ok, next, we look at some of the higher end homes and how they are faring in this market Homes 500-1 Mill In homes priced between 500K and 1 million, we don’t find a huge change in availability month over month. The 344 homes available right now are nearly the same number as was available on Oct 1st. On the sales side, we sold 110 plus 4 pending, making for potentially 114 sales. That’snearly identical to the 115 sold in September, but down significantly from October last year, when we sold 156 homes in this price range. (about 27% fewer). The picture repeats itself. Availability up, while sales down 27%.... more choices, less competition make this a great time to buy. 1 Million Plus In the luxury home market, we currently have 54 homes priced at 1 Million dollars plus. This is up from the previous month, when we had 48 available. In this price range we sold 11 last month, more than the 7 we sold in September, and more than double the number we sold in October of last year, which was 5.. In most price ranges, outside of the Million dollar plus range, availability is UP and sales are down. Don’t wait til spring. Call me right now to help you secure a great deal on your first, or next home When we come back, we’ll check out the condo market. Ok, lets look at the condo market in Winnipeg. On Nov 1st, we had 377 condos available in all price ranges, which is down from the previous month of 408. During the month of October we sold 121 condos, with another 10 showing pending, for a total of 131 potential sales. That’s down from the 146 we sold in Sept., and way down from the 191 we sold in October of last year. Lets see how that breaks down along the price ranges. Condos under 250 For entry level condos, under 250,000 dollars, we have 216 available, which is about the same as the previous month, when we had 220 available . On the sales side, we have sold 69 units with another 9 showing as pending, so a total of 78 units. While same as the 77 units we sold last month, it is significantly lower than the 105 last year, we can see that sales have dropped off quite a bit in this range. Condos over 250K In the more luxurious condo price range of above 250K, we have 161 units for sale on Nov 1st, down from the 188 on October 1st. Sales have dropped off here as well, with 53 potential sales, that is 52 sold and 1 pending. Those 53 sales are down from the 71 of the previous month, and also down from 86 sales the previous year, same time period. So we see that overall, the condo market is reacting similarly to the housing market: Sales are slower, but availability is plentiful. Thinking of buying a condo as your first or next home? Or perhaps an investment condo to rent out? Call me for a free condo consultation anytime.…
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Winnipeg Real Estate Podcast
1 (EP: 173) Owning and Managing Rental Properties - Property Management Companies 8:58
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[00:00:00] Bo Kauffmann - REALTOR: Thinking of owning and managing rental properties. Today I'm gonna talk to a property management company and get some advice for you on this episode of Winnipeg's Real Estate Podcast. [00:00:13] You're listening to The Bo Knows Real Estate Podcast, Tips and Advice for home buyers, sellers, and owners with award-winning reax agent Bo Kauffmann. [00:00:27] Hello everybody. Bo Kaufman Remax Performance Realty, your residential real estate agent. Are you thinking of buying one or more homes or condos to rent out and make some money? Real estate has always been considered a very stable and safe investment. But before we call my friend Jackson Ham of Pillar Property Management, I do want you to be aware of a few things. [00:00:47] I get calls from buyers in Toronto, Vancouver, Montreal, thinking of buying homes to use as rental properties here in Winnipeg. They're always excited by the fact that you can still buy a house around the $250,000 mark, but when they learned that most of those homes would rent for only about 1600 a month, they're a lot less enthusiastic. [00:01:06] Buying and owning rental properties is not a get rich quick scheme. That's a tongue twister. You can't buy one or two homes and expect to make a grand per month profit each. That's just not how it works these days with five and 6% interest rates, you may be lucky to break even. So I'll give you an example. [00:01:23] There was a house in East Kildonan on the market for $260,000 and it advertised that it came with a tenant who would love to stay. That tenant was paying 1,450 a month. Now do the math, mortgage payments plus taxes, plus home insurance, that'll all add up to more than 1,450 a month. So how can an owner make money? [00:01:41] The answer is that the current owner bought that house for around $130,000, and at that price is now making a few hundred dollars a month in profit. So when considering buying a rental property, investors need to take the long view. It's not $500 cash flow, you don't see those kind of numbers, not these days in Winnipeg. [00:01:59] So let's call Jackson of Pillar Property Management and ask him a few question. All right. Hello Jackson. How are you doing today? [00:02:06] Jackson Hamm - Pillar Property Manager: I'm not doing too bad, Bo. How are you doing? [00:02:08] Bo Kauffmann - REALTOR: Excellent. Excellent. So let's get right into it. Pillar Property Management. How long have you guys been around? [00:02:14] Jackson Hamm - Pillar Property Manager: Pillar Property Management. We were established in 2007 and we recently celebrated 15 years in the industry. [00:02:19] Bo Kauffmann - REALTOR: Nice. Okay. And how many homes do you have under contract at the moment? [00:02:24] Jackson Hamm - Pillar Property Manager: We're managing between 400 to 450 doors. And. I'd say that's a mixed bag between single family, multi-family apartment buildings, and condominiums included. [00:02:34] Bo Kauffmann - REALTOR: Okay. All right. So what's your average client look like? Do they have six or eight properties or are they mostly startups with one or two? [00:02:40] Jackson Hamm - Pillar Property Manager: On average we get a lot of startups people with about one or two homes who aren't really quite sure what to do with them and maybe have never done property management themselves. [00:02:47] They come to us to of help them out and we do get a few outliers here and there that have about six or seven units. But by and large, I'd say most of them are about one or two just starting off small. [00:02:55] Bo Kauffmann - REALTOR: Right on. Do you guys offer different levels of service or is it just all inclusive. Like finding the tenant and then managing everything? Or do you have different levels. [00:03:03] Jackson Hamm - Pillar Property Manager: So we only have one level of service here at Pillar. And the reason being is we believe that all of our clients should be treated with the same level of quality as as all the rest of them. And at Pillar we do this because we feel that the work we do should reflect the high standards we hold ourselves to. [00:03:17] Which is why we only really want to go for one. Cuz you know, we only want to provide one, which is would be the highest level of service. [00:03:24] Bo Kauffmann - REALTOR: Okay, so let's just briefly walk through this. Let's say I have a property that I wanna let you manage. There's no tenant in it right now. I come and see you. We sign a kind of a contract. What do you guys do? You guys even go out and advertise and find a tenant. You guys take pictures of property, that kind of thing. [00:03:41] Jackson Hamm - Pillar Property Manager: Yeah. So what we'll do is we'll go out and we'll photograph the property for advertisements, but while there's times of vacancy in the property, especially when we do take new tenants or new clients on, we wanna make it very clear that with our clients, we don't charge any sort of management fees during times of vacancy so that they can be they can feel comfortable knowing that we're only gonna be making money when they are, and we're always acting in their best interest to do okay, [00:04:01] Bo Kauffmann - REALTOR: that's good. So then you find the tenant, you do the background checks and all that kind of. We sure do. And what do you charge for your service? [00:04:07] Jackson Hamm - Pillar Property Manager: We charge a 10% management fee for the service. [00:04:10] Bo Kauffmann - REALTOR: So it's 10% of whatever the rent is. [00:04:14] Jackson Hamm - Pillar Property Manager: That's correct, yes. [00:04:14] Bo Kauffmann - REALTOR: Okay., Now since interest rates have gone from two to 5%. Does it make sense to go out and buy a property to rent out right now? I would say, [00:04:21] Jackson Hamm - Pillar Property Manager: I would say it does. And the reason being is because it's never a bad time to buy real estate. And when you wanna mention that the interest rates were, sitting pretty high right now at around seven. [00:04:30] Historically those are still quite low. Compared to the double digit numbers we used to see in the seventies and the eighties. I would say that don't let these interest rates discourage you. With the rates being as high as they have been in the last decade or so I can understand why people would be hesitant to do but that said there's been a lot more the renter's market has been quite flush with the applicants. So you're gonna see pretty low levels of vacancy across the board, and it won't be too hard to find yourself a really nice applicant to fit yourself in your home [00:04:55] Bo Kauffmann - REALTOR: What do your recent clients look like? Uh, You and I had a brief discussion about that and you said you're getting a lot of homeowners who are unable to sell their houses for one reason or another. Is that your main new client [00:05:06] Jackson Hamm - Pillar Property Manager: right now at the moment with the interest rates the way they are, it is a lot of our clients are coming in because they aren't able to find buyers for their homes. [00:05:13] And so they decided to turn it into a bit of a nest egg investment and put their real estate into their portfolio and make money off of it. A lot of the people that come in these days, a lot of our clients recently have been a lot of young people that are just starting out their careers and looking to diversify their investment portfolio. [00:05:27] As well, we're seeing quite a lot of new Canadians who are, new to the country, but understand that Winnipeg has a really healthy real estate markets and can be uh, pretty profitable to jump into the rental property industry right from the GetGo. [00:05:39] Bo Kauffmann - REALTOR: Okay. Now, if somebody wanted to get into buying rental property, what would you advise 'em how to? [00:05:43] Jackson Hamm - Pillar Property Manager: In Winnipeg if you were to, wanted to get into the rental property industry, I would say start looking for a house that has three bedroom. I think that's a lot of a lot of the times it's the most attractive home renters can look for really attractive to families for one. [00:05:55] And it's going to give you a bit of a higher ROI because you can charge a bit higher rent for something with three bedrooms as opposed to two. And generally it attracts a wide range of applicants as opposed to a two bedroom, which you might see more maybe small families, single renters, that kind of thing. So the three bedrooms would probably be the good place to start if I had to give my opinion on that. [00:06:12] Bo Kauffmann - REALTOR: What about neighborhoods? Are there any neighborhoods that you would recommend that would fit the right price range? [00:06:18] Jackson Hamm - Pillar Property Manager: Any neighborhoods off the top of my head I could think of, be maybe around the Logan and Keewatin areas. [00:06:22] The North End has got a lot of really good investment properties there. And it's often pretty low cost of entry there, if you were starting small, I would recommend, checking with the north end of Winnipeg. There's great real estate around there. And it's usually a low cost entry to get into that market. [00:06:36] Bo Kauffmann - REALTOR: Not the bidding wars. You don't wanna get involved in the bidding war if you're looking for a rental property. Exactly. That was my interview with Jackson Ham of Pillar Property Management, and I have some final words when I come. [00:07:18] After we stopped recording, I asked Jackson what he considered to be the sweet spot of buying rental properties at what price would a home give you the best or the most decent roi? He said that they have a few nice bungalows with double car garages that fetch around $3,500 a month in rent. [00:07:35] And if you can find such a home around the $350,000 mark, there's definitely a demand by tenants for nicer homes. Now 3,500 is way above the average Winnipeg rent. What you get here is you get professionals that have been temporarily transferred to Winnipeg for one or two years and would like to live in a nicer home, and they don't mind paying that, that level of rent. [00:07:56] Just some food for thought. I hope you've enjoyed listening to this episode as much as I've enjoyed creating it, cuz I really do. If you found the information helpful, why not download my free podcasting app? That way you never missed another episode, and I've made it super simple too. Just go to Bo Knows dot home slash apps. [00:08:15] And finally, please give this podcast a five star rating. Again, we've made it super simple. Just go to love the podcast.com/boknows. Thank you so much for listening. Let's do this again next week. [00:08:38] You've been listening to Bo Kauffmann of Remax Performance Realty. Are you thinking of buying or selling a house or a condo in Winnipeg? Call Bo at (204) 333-2202. Remember, Bo knows real estate.…
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Winnipeg Real Estate Podcast
1 (EP: 172) October 2022 Winnipeg Real Estate Market Update 10:39
10:39
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Is this a good time to buy, or sell, a house or condo in Winnipeg? Listen to the latest listing and sales stats for houses and condos in Winnipeg and find out.
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Winnipeg Real Estate Podcast
1 (EP: 171) 3 Real Estate Tips - Late Sept. 2022 14:53
14:53
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Should Buyers get a home inspection? How do Sellers choose a real estate agent? What are 3 things to check at possession time? These and more tips , plus current mortgage rates, in this episode.
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يقوم برنامج مشغل أف أم بمسح الويب للحصول على بودكاست عالية الجودة لتستمتع بها الآن. إنه أفضل تطبيق بودكاست ويعمل على أجهزة اندرويد والأيفون والويب. قم بالتسجيل لمزامنة الاشتراكات عبر الأجهزة.



















