Canada House Prices Picking Up Steam
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Release Date: 04/17/2023
Winnipeg's Real Estate Podcast - 2025 and Beyond
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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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...
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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,...
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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...
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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… Monday, April 17th, 2023…
Today is National Crawfish Day and Bat appreciation day (the mammal, not the stick)
Just a few weeks ago, we were wondering if cheap credit and government-led relief measures would stop Canada's real estate market from going down.
According to figures from the Canadian Real Estate Association (CREA) that came out this morning, the benchmark home price went up a lot in March.
Canadian Real Estate Prices Jump $12k Last month.
In March, the average home went up 1.7%, or $12,300, to $727,700.
It comes after a 1.0% rise (+$7,100) in February and is the second increase in a month since the correction started.
Even though two months doesn't seem like much, it's enough to change the direction of the annual trend.
In March, home prices dropped by 15.5%, or $133,300 as compared to last year.
The 12-month drop is the biggest fall in CREA's benchmark's history.
Since the standard only goes back to 2005, it's hard to say how this compares to the correction in the 1990s.
At the same time, this might be the fastest rate of turnaround.
Prices of properties don't move in a straight line, so it's too early to tell what will happen.
For more on this report, go to https://boknows.homes/8c2f1d90
Here in Winnipeg, we should also focus on one figure that I just mentioned: The benchmark home in Canada sits at 727K???
Not around Winnipeg, where you can get a really nice, detached bungalow for about half that amount. In fact, I just listed a nice 1300 ft bungalow on an acre property just south of Ile des Chenes for $350K.
Thinking of buying? Call me right now to set up a free home buyer consultation, either in person or via zoom. 204-333-2202
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