A repeat performance in November MLS® Sales Activity

Posted by on Dec 12, 2017 in Blog | 0 comments

  Winnipeg – If you are going to duplicate a month’s sales activity, do it when it is a good one and that was the case in November.  MLS®sales of 878 units in November were one sale higher than November 2016 and 4% above the 10-year average for this month. Only once in 2015 did November sales edge over 900, so not a big difference in sales. A solid performance in November and year-to-date sales of 12,890 ensures 2017 will be no worse than second highest on record. 2016 was the best year ever with over 13,600 sales. “A good...

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Mortgage Rates

Posted by on Nov 20, 2017 in Blog | 0 comments

Mortgage rate shown as of the date: November 14, 2017   Company 1 Year 3 Year 5 Year Anderson Financial N/A N/A N/A Crosstown Civic Credit Union 2.79 2.99 3.19 Entegra Credit Union 2.89 3.09 3.29 Verico One-Link Mortgage 2.64 2.84 3.04 Scotia Bank N/A N/A N/A Sunova Credit Union 2.79 2.99 3.19 TD Canada Trust N/A N/A N/A Total Mortgage 2.64 2.79 2.89 Royal Bank N/A N/A N/A Invis Inc. 2.64 2.74 3.04 Cambrian Credit Union 2.79 2.99 3.19 Bank of Montreal N/A N/A N/A Carpathia Credit...

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St. Boniface of the 21st century taking shape

Posted by on Nov 16, 2017 in Blog | 0 comments

  I’m thrilled to have the opportunity to write to Winnipeg’s real estate community about two exciting initiatives in St. Boniface Ward, which I represent on city council. First, after nearly two years of work, council passed the new North St. Boniface Secondary Plan. The neighbourhood north of Provencher Boulevard has had a document guiding development and land-use planning since the 1970s, updated more than once since then, including most recently in 2007. The community has had a longstanding vision of de-industrializing the area...

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October Sales Fall Back, Like Daylight Savings Time

Posted by on Nov 9, 2017 in Blog | 0 comments

  WINNIPEG – October sales decreased 10% from October 2016 and were off 4% from the 10-year October average. The drop in sales activity was largely predominant in the residential-detached and condominium property types selling for under $300,000. The sales decrease in part, was the result of being up against increased sales activity in early October 2016 because home buyers then wanted to maximize their buying power before the October 17th stress test came into effect on insured mortgages. The new qualification requirement...

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Stress Test: Too Much Too Late

Posted by on Nov 2, 2017 in Blog | 0 comments

As of January 1, 2018 there will be a nation-wide stress test that demands a new minimum qualifying rate for uninsured mortgages – those with a deposit of 20 per cent or more. The guideline requires federally regulated financial institutions to vet applicants for all uninsured mortgages using a minimum qualifying rate equal to or greater than the five-year benchmark rate published by the Bank of Canada or their contractual mortgage rate plus two percentage points. This announcement, by superintendent Jeremy Rudin of the Office of the...

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Homebuyers Road Map

Posted by on Oct 23, 2017 in Blog | 0 comments

Click here to see more!!

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WinnipegREALTORS® has highest third quarter sales on record

Posted by on Oct 10, 2017 in Blog | 0 comments

  WINNIPEG – September sales of close to 1,200 processed through WinnipegREALTORS® MLS® System closed off the third quarter with a record total of 3,916 sales, just ahead of the previous best third quarter in 2016. September sales of 1,193 were down less than 2% from September 2016, the highest level of sales for the month of September in WinnipegREALTORS® 114-year history. The impressive third quarter sales activity moves total MLS® sales to just 11 sales shy of 11,000, the new benchmark sales level established in 2016 for...

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Growing annuals in the shade

Posted by on Oct 4, 2017 in Blog | 0 comments

Growing annuals in shade can be a tricky business. There just are not that many varieties to choose from, especially if you love flowers. Not only that, but not all shade is equal. Shade under trees, often called dappled shade, lets in a gentle light allowing plants filtered sunlight which many annuals will tolerate. Impatiens, coleus, begonia are typical “shade” plants that require some sunlight but prefer it to be filtered. Shade cast by buildings and fences is another matter, because the shade is very dense. Unless there is a period of...

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Avoid dumb do-it-yourselfer mistakes

Posted by on Sep 28, 2017 in Blog | 0 comments

by Bill and Kevin Burnett Kevin had a doctor’s appointment last week. He’s been a patient of Rodde Cox since 2005, so they know each other pretty well. Usually, the medical stuff is dispatched fairly quickly, and then the discussion gets into some friendly banter. The appointment is usually the last one of the day, so after the medical treatment, the time is spent “swatting flies and telling lies.” This time, Dr. Cox asked if we’re still writing our Sweat Equity column. When Kevin said “yes,” the conversation veered off into...

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Nine ways REALTORS® produce results

Posted by on Sep 5, 2017 in Blog | 0 comments

  Local REALTORS® have been busy in 2017 helping buyers and sellers succeed in attaining their real estate goals. Here are the Top-9 reasons why you need to be engaging a Realtor to produce results for you: 1. Realtors are a step above  — Realtors are licensed and regulated by the Manitoba government through the Manitoba Securities Commission (MSC).  Your Realtor has extensive training provided by the Manitoba Real Estate Association (MREA), ensuring compliance with the increasingly complicated regulations. They must complete...

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