Canadian Luxury Homes Market Report
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Release Date: 04/06/2023
Winnipeg's Real Estate Podcast - 2025 and Beyond
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
info_outline
Mortgage Lender Pre-Approval; Comprehensive Guide For Home Buyers
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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. ...
info_outline
EP: 205 Why Waiting For Interest Rates To Adjust Is NOT A Winning Strategy
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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 .
info_outline
August 2023 Market Report for Winnipeg
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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...
info_outline
May 2023 Real Estate Market Update
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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...
info_outline
Difference between a customer and a client
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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...
info_outline
Difference between a customer and a client
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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...
info_outline
Winnipeg's Spring Market Is Heating Up
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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,...
info_outline
Offensive Odours Can Kill The House Sale
Bo Knows Real Estate - Winnipeg's 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...
info_outline
How much income is required to buy an average home?
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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...
info_outlineHello…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.