A Trying Time: Tips for Couples on Navigating the Home-Buying Process

Posted by on Mar 13, 2018 in Blog | 0 comments

A Trying Time: Tips for Couples on Navigating the Home-Buying Process

There’s probably no more stressful experience for couples than buying a new home. It’s a life-changing financial commitment that can make even the most confident and well-prepared people feel insecure. And it’s a real test for couples, especially for newlyweds and others who haven’t been together that long. There are lots of details to be worked out, and both parties have to be on board with whatever decisions are made. You have to work out location, budget, price range, square footage, down payment, and mortgage payments, each of...

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Posted by on Feb 26, 2018 in Blog | 0 comments

Selling a house is a complicated process, no matter how good the real estate market is. Whether you’re a first-time home seller or not, you’ll probably have a bunch of questions. Do I need a real estate agent? What’s “closing”? How much paperwork am I going to have to fill out? How can I get the best price for my house? How can I sell my house and buy a new one at the same time? In this article, you’ll learn the answers to all of these questions and more as we explain what “curb appeal” is and why an open house isn’t all...

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January sales of 571 mirror last January’s total sales activity

Posted by on Feb 12, 2018 in Blog | 0 comments

WINNIPEG – It is often said that Winnipeg’s real estate market is steady and stable. January exemplified this description by delivering a repeat performance from January 2017. It was uncannily similar in total MLS® sales, active and current listings, and dollar volume. MLS® sales of 571 and dollar volume of $156 million are both up less than 2% over January 2017. The inventory of 3,096 listings is almost identical to 2017 and current listings entered onto MLS® in January were just under 1,500 in comparison to 1,502 last...

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Get a jump on housing market to find a hidden gem

Posted by on Jan 19, 2018 in Blog | 0 comments

  It’s a saying most everyone is familiar with: strike while the iron’s hot. Now is the time to strike if you’re looking for a new home, said 2018 WinnipegREALTORS® president Chris Dudeck. “With over 3,000 MLS® listings (3,037, to be exact), there’s definitely an opportunity for home buyers,” he said. “There’s a real opportunity to get a jump on the market and find a hidden gem.” But that window of opportunity is a relatively short one, the asssociation president added. “The spring real estate market usually starts...

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Solid December closes out a successful year of MLS® sales activity

Posted by on Jan 16, 2018 in Blog | 0 comments

  WINNIPEG – A solid result in December of 635 MLS® unit sales and a dollar volume over $179 million capped off a successful year in 2017. Actual percentage differences in comparison to December 2016 were relatively modest but positive with sales up 3%, dollar volume rising 7% and listings increasing 8%. All MLS® property types performed exceptionally well in December with only residential-detached experiencing a drop of 8% in sales. A total MLS® inventory of 2,851 listings is available for sale as 2018 begins. 2017...

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New act makes builders play by same rules

Posted by on Jan 11, 2018 in Blog | 0 comments

  Attention, prospective new home owners: new legislation designed to make your life easier is due to take effect on January 1, 2018. Called the New Home Warranty Act, the legislation is aimed at providing increased protection for new home owners, said Prabal Ghosh, manager of policy and legislation, Consumer Protection Office, Manitoba Justice. “This legislation will require most new homes, including manufactured homes, condominiums and cottages, to be covered by a warranty for a minimum of seven years and $100,000.” While coverage...

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A system specifically designed for commercial market

Posted by on Dec 30, 2017 in Blog | 0 comments

  After using the same Commercial Property Information Exchange (CPIX) system for over a decade, WinnipegREALTORS® decided it was time to make a change. Though the locally-produced CPIX system had performed admirably for better than 10 years, it was underperforming — largely because it wasn’t specifically dedicated to showcasing commercial real estate properties. With that in mind, the management team of the association set about finding a company that could design a system that was specifically tailored to commercial real estate...

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City’s new residential infill housing strategy

Posted by on Dec 18, 2017 in Blog | 0 comments

  The city of Winnipeg is developing a new residential infill strategy that is slated to be completed and approved by the spring of 2018. A number of public engagement sessions have been held since June, including a special session with WinnipegREALTORS® in September. A number of good suggestions came out of all the sessions. A project web page has been set up at, which summarizes feedback from the public engagement sessions already held, explains the ins and outs of  residential infill through FAQs,...

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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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