100 episodes

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.

Winnipeg's Real Estate Podcast (Audio versions) Bo Kauffmann

    • Investing
    • 3.5 • 2 Ratings

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.

    Purchase Plus Improvements Mortgage - Local and National Real Estate News

    Purchase Plus Improvements Mortgage - Local and National Real Estate News

    Get my podcast app at https://boknows.homes/apps    available there for ios and android.
    🇨🇦  𝘾𝙖𝙣𝙖𝙙𝙞𝙖𝙣 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨  📰 
                CMHC is predicting a downturn in housing market and prices in 2021, however experts at Scotiabank disagree.  Due to COVID, inventory is low, buyer demand remains strong and prices are surging.  Bank of Canada are saying they will not raise interest rates until inflation hits 2% on a sustained basis, and that is not expected to happen in the next 3 yrs.
    For the full article, go here   https://BoKnows.Homes/NXkm7Q
    🏞️  𝙒𝙞𝙣𝙣𝙞𝙥𝙚𝙜 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨  📰 
                Inventory in Winnipeg remains low, around 1,100 homes for sale in our city right now.  30 of those are over 1 million dollars.  Normal levels at this time are around 1700 homes.  Great time to sell, right now.
     📆  𝙏𝙝𝙞𝙨 𝙒𝙚𝙚𝙠 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙡𝙤𝙜  📭 
                This week on Winnipeg’s Real Estate Blog we talk about some tips on decluttering your home.  There are 7 things you can do to clean up your clutter, and help the environment and charity in the process. 
    Go to BoKnows.Homes/clutter
    ☎️  𝙋𝙝𝙤𝙣𝙚 𝘾𝙖𝙡𝙡 𝙒𝙞𝙩𝙝 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙈𝙞𝙠𝙚  💹 
                Thinking of buying a house or condo which needs updating?  Have you ever heard of ‘Purchase Plus Improvements Mortgage”?  This is where, in addition to the normal purchase price, you get a little extra money lumped into the mortgage to help pay for the kitchen reno, new roof or bathroom addition.
                We’ll have a nice chat with Mike Schroder of Mortgage Architects about this option, how to get it and what process to follow.
                Find him at http://BoKnows.Homes/IVjg2j
     👪 🗯  𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 𝙖𝙣𝙙 𝙇𝙞𝙣𝙠𝙨  🖥  
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

    Never miss an episode. Install our FREE Podcast App available on iOS and Android.
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    • 10 min
    🎙Updating Your 80's House 🎙 Mortgage Info 🎙 Local Real Estate News 🎙 (EP: 135)

    🎙Updating Your 80's House 🎙 Mortgage Info 🎙 Local Real Estate News 🎙 (EP: 135)

    October 8th edition of real estate tips, news and advice.  (Episode 135)
    Listen on spotify at https://boknows.homes/spotify
    🇺🇸 𝙄𝙣𝙩𝙚𝙧𝙣𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨  📰 
                Survey of 4,000 real estate agents in the US revealed that the average home sold in August received 3 offers.  Multiple offers happening everywhere.
    🏞️  𝙒𝙞𝙣𝙣𝙞𝙥𝙚𝙜 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨  📰 
                Listings are way down compared to last year, but sales are UP.  This creates bidding wars and higher prices.
                3.5 million dollar condo still available on Wellington Cr.
    ☎️  𝙋𝙝𝙤𝙣𝙚 𝘾𝙖𝙡𝙡 𝙒𝙞𝙩𝙝 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙈𝙞𝙠𝙚  💹 
                Talking about closing costs for home buyers.  These costs include legal fees, land titles taxes, home insurance and other fees.
     📆  𝙏𝙝𝙞𝙨 𝙒𝙚𝙚𝙠 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙡𝙤𝙜  📭       
                For the latest market update, go to https://boknows.homes/market
     🔦  𝙎𝙥𝙤𝙩𝙡𝙞𝙜𝙝𝙩 𝙤𝙣 𝙡𝙤𝙘𝙖𝙡 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨  🏪  
                Painting company Urban Topcoat, Rob White owner, can paint anything and everything in your home.  Interior exterior, decks, concrete, etc…
     👪 🗯  𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 𝙖𝙣𝙙 𝙇𝙞𝙣𝙠𝙨  🖥  
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

    Never miss an episode. Install our FREE Podcast App available on iOS and Android.
    For your Apple Devices, click here to install our iOS App.
    For your Android Devices, click here to install our Android App.

    Check my videos on Youtube

    • 13 min
    Winnipeg Housing Market Report - October 2020

    Winnipeg Housing Market Report - October 2020

    Housing Market Report for October 2020 in Winnipeg.
    Always available on Spotify at  https://boknows.homes/spotify
    The numbers of available homes in Winnipeg, and the numbers of sold homes over the previous month, as compared to the prior month and the same time last year.
     
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

    Never miss an episode. Install our FREE Podcast App available on iOS and Android.
    For your Apple Devices, click here to install our iOS App.
    For your Android Devices, click here to install our Android App.

    Check my videos on Youtube

    • 5 min
    Real Estate Tips & Advice for October 1st, 2020

    Real Estate Tips & Advice for October 1st, 2020

    🇺🇸 𝙄𝙣𝙩𝙚𝙧𝙣𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 
               Real estate markets in the U.S. are quite hot right now. Buyer demand far exceeding inventory. Low interest rates and seller reluctance to sell are the key reasons given.
    🇨🇦 𝘾𝙖𝙣𝙖𝙙𝙞𝙖𝙣 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 
               Moody’s Analytics expects Canada’s real estate value to take a downturn next year, especially in Calgary & Edmonton (10%), Toronto (9%) and Vancouver (7%). Smaller markets are expected to fare better, due to increased demand for larger homes and more space at affordable prices. (Winnipeg)
    🏞️ 𝙒𝙞𝙣𝙣𝙞𝙥𝙚𝙜 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 
               Winnipeg remains a hot sellers market, especially for houses under 400K. High buyer demand and 45% fewer listings than last year same time.
               Pandemic stage orange has been instituted and masks are mandatory in public places. Still going to Open Houses? Be careful out there.
    ☎️ 𝙋𝙝𝙤𝙣𝙚 𝘾𝙖𝙡𝙡 𝙒𝙞𝙩𝙝 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙈𝙞𝙠𝙚 💹 
               Mike Schroeder of Mortgage Architects tell us about alternatives to CMHC, which include Canada Guarantee and Genworth. Both of these allow buyers to buy ‘more house’ than CMHC. Mortgage Brokers offer access to all three insurers, which can help buyers, especially ones with bruised credit or new to Canada.
     📆 𝙏𝙝𝙞𝙨 𝙒𝙚𝙚𝙠 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙡𝙤𝙜  📭 
               New post titled “8 things you can do to protect your plants this winter”. Winter is coming, and protecting your plants will help them thrive in the spring.
     🔦  𝙎𝙥𝙤𝙩𝙡𝙞𝙜𝙝𝙩 𝙤𝙣 𝙡𝙤𝙘𝙖𝙡 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 🏪  
               It’s time to check your furnaces. By signed up to Aire-Serv Heating and A/C Maintenance Plan, you get a furnace check and clean now, plus an A/C check in the springtime. Also included is a 10-15% discount on any needed repair parts and labour. All for $190 plus taxes. Go to Aire-Serv Heating and A/C
     👪 🗯  𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 𝙖𝙣𝙙 𝙇𝙞𝙣𝙠𝙨  🖥  
               Next week we’ll have another call with Mortgage Mike, more news and updates, as well as answering a listeners question: “How to upgrade my 1980’s house”.
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com
    Never miss an episode. Install our FREE Podcast App available on iOS and Android.
    For your Apple Devices, click here to install our iOS App.
    For your Android Devices, click here to install our Android App.
    Check my videos on Youtube
     

    • 14 min
    July Condo Market Winnipeg 2020

    July Condo Market Winnipeg 2020

    Thinking of becoming a home owner but want to avoid the bidding wars?  Condos offer an excellent option and opportunity to own your own place.
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

    Never miss an episode. Install our FREE Podcast App available on iOS and Android.
    For your Apple Devices, click here to install our iOS App.
    For your Android Devices, click here to install our Android App.

    Check my videos on Youtube


    [00:00:00.240] What's Winnipeg condo market in July 2020? Coming up next. 
    [00:00:23.230] For those of you who have listened to or watched my housing market report for July 2020 in Winnipeg, you already know that the housing market is super hot. It's a super hot sellers market. Tough for buyers. Well, condos are kind of the opposite.
    [00:00:38.430] Condos are and remain and have always been for the last five years a real strong buyer's market. It's a great opportunity for you to get into real estate, to become a homeowner if you don't want to endure the bidding wars of houses. You can find a really nice condo even for under 250,000 dollars. But Condos in the 250 plus range are superstrong buyer's market. They can sit there for several months. You won't likely get into a bidding war if you buy one and you can get a pretty good deal on these days.
    [00:01:09.420] So let's take a look at what the market is like as an overview.
    [00:01:12.570] Last year for this time period, for a month, we sold 82 condos in Winnipeg. Last month, we sold 78. And then in June, we sold 108. So it's not only faster than last month, but it outperforms last year as well.  As for the most expensive condo it did hit one million dollars in the North Henderson Highway area. And you're going to see that the condo market this month actually outperforms not only last month, but last year as well.
    [00:01:40.200] Let's take a look at the numbers of available condos for sale as of July 1st. We can see that last year,  under two hundred and fifty thousand dollars.  Last year we had 513 for sale. On June 1st, we had 354. And July 1st it was 369. So it's slightly more than last month, but it's way down from last year.
    [00:02:02.350] Same thing for condos of two hundred and fifty thousand dollars. +, all the way up to as high as they go. And they do go for a million dollars in Winnipeg. That's pretty, pretty comparable to last year. Last year we had 323. This this month we had 302, which is virtually identical to the previous month as well. So that's remained fairly stable.
    [00:02:21.390] But now looking at the sales, you're going to see that this month has outperformed the previous month and even the previous year condos under 250,000 dollars last year.
    [00:02:30.930] This time period, we sold 35. This month, we sold fifty five. And for more luxurious condos, 250,000 dollars and up last year we sold 47. This year we sold 53. So even when compared to last year, which was a fairly active year, condo sales are up this year over last. What does all this mean? I'll explain when I come back.
    [00:03:07.230] So with math formula, we combine the sale statistics and the available listing statistics and we come up with something that works out to be the days of inventory. This is basically answering the question that if nobody else listed their condo going forward, how long would it take to sell everything that's out there? And of course, the lower the number, the hotter the market. If we take a look at condos under 250,000 dollars last year, that number was 455 days.
    [00:03:36.420] In other words, it would take nearly a year and a half to sell everything that's out there. This month, that number has dropped to 201. So that's twice as fast as last year. Condos over 250,000 dollars. Last year that number was 213. This year it's 171. Again, a huge improvement over last year. Now, keep in mind, 201 an

    • 6 min
    July 2020 Winnipeg Real Estate Market

    July 2020 Winnipeg Real Estate Market

    Real Estate Market Update for houses in Winnipeg in July 2020
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

    Never miss an episode. Install our FREE Podcast App available on iOS and Android.
    For your Apple Devices, click here to install our iOS App.
    For your Android Devices, click here to install our Android App.

    Check my videos on Youtube
    [00:00:00.240] Let's take a look at the real estate market conditions for July 2020 in Winnipeg.
    [00:00:23.090]  Well, hello, Winnipeg, it's Bo Kauffmann Remax Performance Realty, and it's July 2nd, 2020. And I take a look back at the sales and listings which happened over the last month or so, all of June.
    [00:00:34.580] And you're going to see that we are in a super hot sellers market right now. And for example, last year for the month, we sold 786 houses in Winnipeg. This year we sold 861. So that alone is 10 percent more sales. But you're going to see that the listings for actually way down, which makes it an even hotter market. Similar story with condos last year and this time period, we sold 82 condos and Winnipeg this year we sold 108.
    [00:01:03.030] So that's about 20 percent more or even 25 percent more. As for the market highlights for June, the most expensive house sold was 1.45 million in South Headingley. In fact, during the month, there were four houses sold for over a million dollars. And the most expensive condo hit one million dollars. And that's in the North Henderson Highway area. And as I mentioned earlier, the number of available houses substantially down quite a bit from last year.
    [00:01:28.190] So let's take a look at available houses in Winnipeg. Last year this time, we had 1,866. And today we got 1,232. That's that's a huge drop. That's about a 35 percent drop in listings available for the buyers to pick from breaking that down among the different price ranges for houses under two hundred and fifty thousand. Last year we had 486 available this month, virtually the same as last month, 265 available in that price range.
    [00:01:56.770] The mid-range homes, 250 to 500 thousand dollars. Last year we had 934. This month, we have 584 way down. So. And it's just about 10 more than last month. Luxury homes last year. 446 available.  This month, 384. Again, a big drop over last year. Now the available listings are down, but sales are keeping up, or actually better than last year in most of these categories.
    [00:02:25.400] Under two hundred and fifty thousand dollar homes last year, in a time period of June, we sold 203. This year, 199. virtually the same. Quarter million to half a million dollar homes last year, we sold 504.  During June this year 570.
    [00:02:41.630] And luxury homes as well. Last year we sold  79 in that time period, this year, 92. If you've been listening to my real estate reports over the past few years, you know, I put those numbers, that is the sales and the listings, together. And I come up with a quotient I called days of inventory that is kind of giving a number to how hot the market is. So let's take a look at houses under 250thousand dollars. You can see that maximum would be about 120 days. In fact, an average market would be around 90 days or so. Last year we were at 74. And this year, right now, this month, we're at 40 days. That is super, super hot sellers market.
    [00:03:20.860] Houses for 250 to 500 thousand dollars are in a similar predicament. Maximum is 120 days. Average would be around 90 or so. Last year, 57. This year 31. If you've got a house in the 250 to 350, 375 range and it shows half decent, it's going to be gone in a few days.
    [00:03:42.200] Luxury homes over half a million dollars, you know, a maximum about 400 days. We usually see markets around 220, 250 days. Last year, 175. This month, 125 days for luxury homes. That is a very, very hot. And the last thing I want to t

    • 5 min

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