Blog

New crop of real estate ad bloopers

Posted by on Jun 22, 2017 in Blog | 0 comments

Jun 16, 2017 by Peggy Blair In spring, along with spring showers, comes a new crop of bloopers! Perhaps my favourite one this month was: “INDROUND POOL.” I hope it’s not a Freudian slip. Although a Freudian slip is about all you could store in this listing’s master bedroom: “Master bedroom has double cloths closet.” A double cloth-sized closet seems well suited for the tenant in this new listing: “Long term stable tenant hat is willing to stay.” The rest of the tenant’s unstable wardrobe, I guess, is out looking for new...

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May Delivers Best Month Ever

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

WINNIPEG – While May is not a make or break month for the year, it has proven to be the busiest month of real estate activity for WinnipegREALTORS® and one the 114 year-old association counts on to contribute measurably to the year–end total. 2017 did not disappoint. May 2017 ushered in an all-time record sales and dollar volume month with MLS® sales just shy of 1,700 and dollar volume flirting with the one-half billion or $500 million mark. May sales of 1,696 were up 4% while dollar volume of $499.4 million increased 8% in...

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April MLS® Sales Fall Off First Quarter Pace

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

WINNIPEG – After a solid first quarter of MLS® sales activity, April sales were more subdued. Unit sales of 1,300 were down 5% from a record April in 2016 but still up 2% over the 10-year average for this month. MLS® dollar volume decreased 1% in April however for the first four months is up 2% to $1.08 billion. New MLS® listings in April fell 5% while the inventory or active listings at the end of April is down 7%. The percentage of new listings being converted to sales is in line with April 2016 when the equivalent of over 53% of...

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MARCH MLS® SALES UP 5%

Posted by on Apr 11, 2017 in Blog | 0 comments

WINNIPEG – In March, 1,111 MLS® listed properties sold in the Greater Winnipeg market region, which is an increase of 5% over March 2016 and 8% over the 10-year average for this month. Dollar volume rose 10% to $326 million. This is the first time in March there has been over $300 million in MLS® sales transactions. MLS® listings entered in March were right in line with last year at 2,200 though active listings or inventory of 3,903 listings going into April is down 9% from 2016. This is largely due to a very active 2016 which left...

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FEBRUARY MLS® SALES DOWN 6%

Posted by on Mar 8, 2017 in Blog | 0 comments

Condominium Sales Continue Double-Digit Increase Over 2016 WINNIPEG – True to form February MLS® market activity marked another solid result in sales which were 4% above the 10-year average for this winter month. So being down 6% from February 2016 which is the only February to reach and eclipse 800 in sales is no reason to be disappointed. One clear pattern emerging this year has been the fast start to condominium sales. Year-to-date sales are up 33% and dollar volume has jumped 37%. One thing is for sure. There is no lack of listings...

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LIFE LEASE COMMUNITIES ARE ANOTHER HOUSING OPTION FOR TODAY’S SENIORS

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

by Todd Lewys It’s a housing concept that’s gaining momentum in Canada and, by extension, Manitoba. That concept? None other than life lease communities, an option that seniors around the ages of 55 to 75 are looking at, said REALTOR® D’Anne Hansen. “It’s something we began to see here about 12 to 18 years ago,” said Hansen, who’s specialized in the assignment of life leases for the past eight or nine years. “Early on, we saw activity on that front in dribs and drabs. That activity has picked up quite a bit in the last several...

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OFF TO A HEAD START FOR CONDO SALES IN 2017

Posted by on Feb 14, 2017 in Blog | 0 comments

January MLS® Sales Drop 2% WINNIPEG – Condominium sales showed a marked jump in activity compared to January 2016 with a 36% increase. They are also up 17% over the 10-year average for January condominium sales. Overall, MLS® sales were slightly off last January’s total – ten sales to be exact. And similarly since residential-detached on WinnipegREALTORS®’ MLS® is by far the most dominant property type, there were sales of 400 compared to 409 in January 2016. New MLS® listings coming on the market in January were down slightly...

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RIVER HUTS WARM WINTER SPIRIT

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

Since 2009 a Warming Huts Art and Architecture Competition is held at this time of year to encourage Winnipeggers and tourists alike to see some incredible and inspiring design  while enjoying all the fun and festive atmosphere of the Red River Mutual Trail. Read more…

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STRONG EVIDENCE OF PROBLEMATIC CONDITIONS PERSISTS IN REAL ESTATE MARKET: CMHC

Posted by on Jan 27, 2017 in Blog | 0 comments

TORONTO — Canada’s federal housing agency says strong evidence of problematic conditions continues to exist in the national housing market. Read more…

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REAL ESTATE APPRAISALS IN WINNIPEG

Posted by on Jan 25, 2017 in Blog | 0 comments

Real estate appraisals are used by sellers, buyers, and their lenders. Sellers want to ensure that their sale price is not less than the property’s worth. Buyers, and particularly their lenders, want to ensure that the property is worth at least the purchase price. Indeed, most real estate sales contracts provide a provision allowing the buyer to back out of the sales agreement without penalty if the real estate appraisal is less than the purchase price. Moreover, lenders will limit any loan amounts to buy the property to a percentage of...

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