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Dream jobs, let's talk about them. I don't know how many of you out there have your dream job, I hope most of you do, but my guess is that most of us do not and, worse, we don't even know what a dream job actually looks like. For me, I think it would be my dream job to be able to create great podcast content and assist others to be able to create the content they want to create and actually get paid for it! For Jeni Wren Stottrup, that is everyday life! Jeni runs Gritty Bird Podcasting, which helps people produce the podcasts that they want to produce, and also runs “The Podcaster's Forum” for aspiring mic-jockeys to connect, learn and share with one another. So, Jeni has MY dream job! Am I jealous? Yes! Would I hire her? Absolutely. We talk a great deal about podcasting, since we have both been doing it for a while, and Jeni gives great advice to those that are starting out, as well as those that have been doing it for a while. We also talk about her interesting life philosophy based on her family's background. This episode's sketch: “So What Your Saying Is…” For more episodes, information, and apply to be on the show, visit: http://sketchcomedypodcastshow.com SOCIAL MEDIA FACEBOOK: http://facebook.com/sketchcomedypodcastshow TWITTER: http://twitter.com/sketchcompod INSTAGRAM: http://instagram.com/sketchcompod SUBSCRIPTIONS & REVIEWS APPLE: http://bit.ly/SCPSitunes GOOGLE: http://bit.ly/SCPSgplay RSS: https://scps.fireside.fm/rss PODCHASER: https://www.podchaser.com/SketchComedyPodcastShow Sketch Comedy Podcast Show is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. © Copyright 2021 Stuart Rice More About Jeni Jeni Wren Stottrup a podcast producer, speaker, editor, vocalist, content creator, educator and coach, owner of production company Gritty Birds Podcasting and membership platform, The Podcasters Forum. Podcasting since 2012 after putting out her 2013 EP North Star, Jeni produced Gritty Birds, a narrative music podcast on XRAY.FM, before launching her production brand Gritty Birds Podcasting. Since 2014, she has produced her own content and also has worked with hundreds of podcasters through workshops, private production clients, coaching and speaking. Jeni's special skills are in audio/visual  tech, vocal coaching, narrative development, content develop, launches and systems and personal development. She also has worked in sponsorship and promotions through her years on music festival boards, in event production and B2B and retail audio sales. She is a regularly sought speaker and has spoken at She Podcasts Live, Podcasters Toolkit, Podcasters Summit, Podfest, Podcast Editors Conference, Indiepodcon, Blog and Video Con, and more. She has partnered on workshops with multiple organizations including Siren Nation and  Portland Underground Grad School. Website: http://www.grittybirds.com YouTube: http://www.youtube.com/grittybirds Special Guest: Jeni Wren Stottrup | Audio Nerd Getting Gritty with Podcasts.

Sometimes it’s important to understand your limits. Like setting a budget or knowing how much you can drink at a party before you end up naked and asking people for pony rides… sorry Grandma, your birthday was great! This episode’s guest, Douglas Noll, doesn’t look at limits the same way; he has figured out how to break all of the limits: physically, mentally and has perfected learning in what seems like a superhuman way. Doug Noll was a trial lawyer in California who was tenacious and sought-after all throughout the state. Hating the commute, Doug decided to learn how to fly just to get out of traffic-jams. Ed has been a part of bands and has recently taken up concert jazz. That’s right, took up jazz. For fun. Most recently, he has been a best-selling author and has created a program to help murderers in prison to become experts in diffusing violent situations. If that last sentence doesn’t boggle your mind, I don’t know what will. We talk about learning and how to do it properly, his time as a musician, some of his amazing trial lawyer stories, the time he almost died flying a plane, and then we talk a great deal about his de-escalation techniques and his work with inmates which is absolutely amazing. You can learn more about Doug and his programs at https://dougnoll.com This episode’s sketch: "You’re Good Enough. You’re Smart Enough… and Doggone It, The Force is With You!” For more episodes, information, and apply to be on the show, visit: http://sketchcomedypodcastshow.com SOCIAL MEDIA FACEBOOK: http://facebook.com/sketchcomedypodcastshow TWITTER: http://twitter.com/sketchcompod INSTAGRAM: http://instagram.com/sketchcompod SUBSCRIPTIONS & REVIEWS APPLE: http://bit.ly/SCPSitunes GOOGLE: http://bit.ly/SCPSgplay RSS: https://scps.fireside.fm/rss PODCHASER: https://www.podchaser.com/SketchComedyPodcastShow Sketch Comedy Podcast Show is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. © Copyright 2021 Stuart Rice Special Guest: Doug Noll | Superhuman Learner Helping Murderers Become Peace-Keepers.

What makes a movie good? This was a conversation that I recently had and it really blew my mind. The argument was “if a movie is ‘good’ and I can’t keep my eyes open during it, is it good to me?” I had to pause, and completely agree. The movies that I enjoy most are the ones where I am engaged, fully, and feel connected to because they were so entertaining. I hate to admit, but there are a lot of “good” movies that do not appeal to me in any way. You know who would totally agree with that? Michael Gibson and Calvin McCarthy. Why? Because they are producing and creating a movie in Portland right now called “Vampire Mutants from the Planet Neptune” which sounds more like a random word-generator than the title of a movie. But, after talking to these two, I have no doubt that it is going to be a really good movie, at least for me! We talk about putting a movie together, the creative process, being in movies, watching movies… we talk a lot of movies. Calvin has been an actor and director in the Portland area since he was little, and Michael is a producer and focuses on sound, which is near and dear to my heart. And yes, we do talk about hanging dong in a movie. Michael & Calvin developed the production company Video Is The Future and their first production is going to be the aforementioned “Vampire Mutants from the Planet Neptune” where you can join me at the premiere and help support this film! Go to http://bit.ly/SCPSmutantvampire to support! This episode’s sketch: “Oscar-Worthy Movie Pitch“ For more episodes, information, and apply to be on the show, visit: http://sketchcomedypodcastshow.com SOCIAL MEDIA FACEBOOK: http://facebook.com/sketchcomedypodcastshow TWITTER: http://twitter.com/sketchcompod INSTAGRAM: http://instagram.com/sketchcompod SUBSCRIPTIONS & REVIEWS APPLE: http://bit.ly/SCPSitunes GOOGLE: http://bit.ly/SCPSgplay RSS: https://scps.fireside.fm/rss PODCHASER: https://www.podchaser.com/SketchComedyPodcastShow Sketch Comedy Podcast Show is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. © Copyright 2021 Stuart Rice Special Guests: Calvin McCarthy | Actor, Writer, Director at Video is the Future and Michael Gibson | Movie Producer - Video is the Future.

You know that feeling when you walk into a room, maybe it’s a party or other gathering, and you don’t know anyone really and you start to feel the walls pulling you closer until your back is against it? Or, maybe there is a dog or cat around and you decide that would be the best conversational companion? What about a room filled with people you do know? What about a room with one other person? If you still find yourself “shying away” from others, you might be an introvert. This episode’s guest completely understands where you are coming from. Nick Shelton is a world-dominating introvert. What does that mean? It means that despite having what would be considered crippling social anxiety and feeling drained being around people, Nick has found a way to overcome it! And better yet… he can help you if you have similar issues! He wrote a book so you can figure this out for yourself called “An Introvert’s Guide to World Domination” (https://amzn.to/3p6S7t1). He even has a worldwide network of introverts! Wild! We talk about Nick’s 5 engagements (and 2 marriages), the worst lines to use at a party, how to figure out if you are an introvert yourself, what to do with a masseuse who likes your feet too much, and how to watch people in public places without being creepy. Look, it’s hard to do primary research for a book. This week’s sketch: “This Guy is Really Starting to Creep Me Out.” For more episodes, information, and apply to be on the show, visit: http://sketchcomedypodcastshow.com SOCIAL MEDIA FACEBOOK: http://facebook.com/sketchcomedypodcastshow TWITTER: http://twitter.com/sketchcompod INSTAGRAM: http://instagram.com/sketchcompod SUBSCRIPTIONS & REVIEWS APPLE: http://bit.ly/SCPSitunes GOOGLE: http://bit.ly/SCPSgplay RSS: https://scps.fireside.fm/rss PODCHASER: https://www.podchaser.com/SketchComedyPodcastShow Sketch Comedy Podcast Show is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. © Copyright 2020 Stuart Rice Special Guest: Nick Shelton | World-Dominating Introvert With Very Nice Feet.

Description: In this episode we are going to talk about condos in Winnipeg. Are condo fees a total waste of money? Whats the condo market doing right now, and we'll look at a sample condo complex in Island Lakes. All on episode 144 of Winnipegs best real estate podcast. ShowNotes at https://boknows.homes/144 Get our Free Podcast App, available for Apple & Android devices by going to boknows.homes/apps In today's episode, Number 144, our main topic will be the most recent Winnipeg condo market update, as well as answer the question: Are condo fees a total waste of money? I love interacting with people, explaining and teaching new things about real estate and home ownership, educating buyers and sellers in the process. Thats how this podcast was born. It's a labour of love. So if you find this podcast helpful, please download the free podcast app right to your phone. Its super easy, just go to boknows.homes/apps and you can chose from apple or android apps.   Final thoughts and links I hope you've enjoyed listening to this podcast half as much as I enjoyed creating it. And I really do love it. So if you like receiving this information, here are a couple of things I'm asking you to do. Install the free podcast app, available for IOS and Android devices. I've made it super simple...on your phone, go to boknows.homes/apps and you will get the option for your device's app store downloads. Another thing you can do is go visit THIS show on the web at boknows.homes/142 and see the show notes and all the links. Once there, you will also see the little microphone which enables you to leave me a comment or suggestions on how to improve this podcast. Lastly, if you really want to show me some love, give me a 5-star rating. Again I've made it super simple, just go to https://lovethepodcast.com/boknows and you'll be able to review it easily.

Description: In this episode we are going to talk about condos in Winnipeg. Are condo fees a total waste of money? Whats the condo market doing right now, and we'll look at a sample condo complex in Island Lakes. All on episode 144 of Winnipegs best real estate podcast. ShowNotes at https://boknows.homes/144 (https://boknows.homes/144) Get our Free Podcast App, available for Apple & Android devices by going to https://boknows.homes/apps (boknows.homes/apps) In today's episode, Number 144, our main topic will be the most recent Winnipeg condo market update, as well as answer the question: Are condo fees a total waste of money? I love interacting with people, explaining and teaching new things about real estate and home ownership, educating buyers and sellers in the process. Thats how this podcast was born. It's a labour of love. So if you find this podcast helpful, please download the free podcast app right to your phone. Its super easy, just go to boknows.homes/apps and you can chose from apple or android apps. Final thoughts and linksI hope you've enjoyed listening to this podcast half as much as I enjoyed creating it. And I really do love it. So if you like receiving this information, here are a couple of things I'm asking you to do. Install the free podcast app, available for IOS and Android devices. I've made it super simple...on your phone, go to https://boknows.homes/apps (boknows.homes/apps) and you will get the option for your device's app store downloads. Another thing you can do is go visit THIS show on the web at https://boknows.homes/142 (boknows.homes/142) and see the show notes and all the links. Once there, you will also see the little microphone which enables you to leave me a comment or suggestions on how to improve this podcast. Lastly, if you really want to show me some love, give me a 5-star rating. Again I've made it super simple, just go to https://lovethepodcast.com/boknows (https://lovethepodcast.com/boknows) and you'll be able to review it easily.

Description: In this episode we are going to talk about the latest real estate market update for Winnipeg's housing and condo market. We are going to touch on a few reasons why home buyers SHOULD consider buying a home in wintertime and share some money saving tips for home owners or those who want to become one. ShowNotes at https://boknows.homes/142 (https://boknows.homes/143) Get our Free Podcast App, available for Apple & Android devices by going to https://boknows.homes/apps (boknows.homes/apps) In today's episode, Number 143, our main topic will be the most recent Winnipeg real estate market report. We'll look at some reasons why buyers might consider continuing their housing hunt thru the winter, and some money saving tips for home owners. As (hopefully) most of you know, I'm a professional real estate agent, specializing in helping home and condo buyers and sellers in the Winnipeg market area. Thats how I earn my living and I absolutely love what I do. I love interacting with people, explaining and teaching new things about real estate and home ownership, educating buyers and sellers in the process. Thats how this podcast was born. It's a labour of love, I don't charge for ad spots, or collect money from it directly. If I mention or promote a local business or service, it's because I have either used it myself, or recommended it to friends and family and have had great feedback. So if you find this podcast helpful, please download the free podcast app right to your phone. Its super easy, just go to boknows.homes/apps and you can chose from apple or android apps. This Week on the BlogWintertime is usually when home buyers take a break. I get it....it's cold, there is xmas and new years, its winter vacation time. So many buyers put their home search on hold. But to paraphrase Jonathan Sacks......"When everyone else is buying, SELL"...  Looking at this another way.....when everyone else stops buying.... BUY. The lack of buyer competition is just one of 7 reasons why buyers might consider continuing their home buying journey. IF you can find a home that fits your needs....  don't wait til spring, when a new flock of buyers enter the market and create more bidding wars. Go to: https://stories.winnipeghomefinder.com/7-powerful-reasons-to-buy-a-home-in-winter December Real Estate Market ReportStats on Winnipeg housing market. How many listings are available, how many have sold over the past month? Are we in a buyers market, or sellers market? Money-Saving Tips for home ownersSaving money by using appliances in a smarter way. Washing machines, refrigerators, stoves and dishwashers can be energy and money hogs...... here are a few tips to use them more wisely. Final thoughts and linksI hope you've enjoyed listening to this podcast half as much as I enjoyed creating it. And I really do love it. So if you like receiving this information, here are a couple of things I'm asking you to do. Install the free podcast app, available for IOS and Android devices. I've made it super simple...on your phone, go to https://boknows.homes/apps (boknows.homes/apps) and you will get the option for your device's app store downloads. Another thing you can do is go visit THIS show on the web at https://boknows.homes/142 (boknows.homes/142) and see the show notes and all the links. Once there, you will also see the little microphone which enables you to leave me a comment or suggestions on how to improve this podcast. Lastly, if you really want to show me some love, give me a 5-star rating. Again I've made it super simple, just go to https://lovethepodcast.com/boknows (https://lovethepodcast.com/boknows) and you'll be able to review it easily.  

Description:  In this episode we are going to talk about the latest real estate market update for Winnipeg's housing and condo market.  We are going to touch on a few reasons why home buyers SHOULD consider buying a home in wintertime and share some money saving tips for home owners or those who want to become one. ShowNotes at https://boknows.homes/143 Get our Free Podcast App, available for Apple & Android devices by going to boknows.homes/apps In today's episode, Number 143, our main topic will be the most recent Winnipeg real estate market report.  We'll look at some reasons why buyers might consider continuing their housing hunt thru the winter, and some money saving tips for home owners. As (hopefully) most of you know, I'm a professional real estate agent, specializing in helping home and condo buyers and sellers in the Winnipeg market area.  Thats how I earn my living and I absolutely love what I do. I love interacting with people, explaining and teaching new things about real estate and home ownership, educating buyers and sellers in the process. Thats how this podcast was born.  It's a labour of love, I don't charge for ad spots, or collect money from it directly.  If I mention or promote a local business or service, it's because I have either used it myself, or recommended it to friends and family and have had great feedback. So if you find this podcast helpful, please download the free podcast app right to your phone.  Its super easy, just go to boknows.homes/apps and you can chose from apple or android apps. This Week on the Blog Wintertime is usually when home buyers take a break.  I get it....it's cold, there is xmas and new years, its winter vacation time.  So many buyers put their home search on hold.  But to paraphrase Jonathan Sacks......"When everyone else is buying, SELL"...   Looking at this another way.....when everyone else stops buying....  BUY.  The lack of buyer competition is just one of 7 reasons why buyers might consider continuing their home buying journey.  IF you can find a home that fits your needs....   don't wait til spring, when a new flock of buyers enter the market and create more bidding wars. Go to:  https://stories.winnipeghomefinder.com/7-powerful-reasons-to-buy-a-home-in-winter December Real Estate Market Report Stats on Winnipeg housing market.  How many listings are available, how many have sold over the past month?  Are we in a buyers market, or sellers market? Money-Saving Tips for home owners Saving money by using appliances in a smarter way.  Washing machines, refrigerators, stoves and dishwashers can be energy and money hogs...... here are a few tips to use them more wisely. Final thoughts and links I hope you've enjoyed listening to this podcast half as much as I enjoyed creating it.  And I really do love it.  So if you like receiving this information, here are a couple of things I'm asking you to do. Install the free podcast app, available for IOS and Android devices.  I've made it super simple...on your phone, go to boknows.homes/apps  and you will get the option for your device's app store downloads. Another thing you can do is go visit THIS show on the web at boknows.homes/142 and see the show notes and all the links.  Once there, you will also see the little microphone which enables you to leave me a comment or suggestions on how to improve this podcast. Lastly, if you really want to show me some love, give me a 5-star rating.  Again I've made it super simple, just go to  https://lovethepodcast.com/boknows  and you'll be able to review it easily.  

’Tis the season for endless holiday specials. I remember torturing my parents by requiring us to all watch the same crappy shows every year… “Here Comes Santa Claus” or “Rudolph the Red-Nosed Reindeer” or watching the Thanksgiving Day Parade or seeing “How the Grinch Stole Christmas” for the upteenth time… it was really a sacrifice because back then we didn’t have more than one TV in the house and it wasn’t like my Dad could watch something else or play on his iPad while I watched “A Very Brady Christmas” again. I’m surprised I wasn’t abused. But now, you can get back at your kids by listening to this on the way to wherever you are going … Let’s start with a Thanksgiving sketch about everyone’s favorite holiday side dish… “It’s a New World Delicacy” Of course, Thanksgiving is great and all… especially when that one uncle with the confederate flag on his truck drinks a little too much and starts a good, healthy conversation about politics… but let’s face it, Thanksgiving only exists so that we can celebrate the holiday that really matters… Black Friday! Here are a couple of sketches that really highlight the pleasant memories of Black Friday’s past… “It’s More Like Brown Friday, You Know What I Mean?” “The Saddest Part of Black Friday” You know it’s time to really hit the holiday gas when Starbucks brings out their holiday cups. Really, how else are you going to know when to start drinking peppermint mochas and put a lid on the pumpkin spice for a year. That’s right, there has never been a year those cups didn’t completely disappoint and cause people to lose their damn minds. “Red Cups” Now we get to the part of the show that is all musical. I’ll just let these go uninterrupted. First up, we have a song about Santa Claus that may have been unexpectedly kinky, then we have another classic that features a celebrity that takes an already rape-y song and makes it more rape-y. After that, we have rock legend Don Henley send mixed signals with his holiday classic and that is followed up by an updated version of “The Grinch” which will likely give you reason to head to UrbanDictionary.com. “The Most Unintentionally Inappropriate Christmas Song of All Time” "Baby It's Coz In Here" “Don Henley’s Most Personal Song Ever” “How The Grinch Stole Innocence” Hopefully all of those wonderful songs got your toes tapping and your voices all prepped, because one of the best things about the holidays is accosting your fellow neighbors with your unprepared voices to regale them with songs that you likely don’t know while they keep their front doors open to the bitter cold. That’s right, caroling! “Carols of the Dumbbells” What is Christmas going to become in the future? Well, we know one thing that will never go out of style… nostalgia. What is nostalgia going to look like in 2036? Kids will be just as disappointed as they are now. “Christmas Nostalgia from the Future” Well, that concludes Sketch Comedy Podcast Show’s End-of-Year One-Hour Holiday Special. I hope you have had a fun time listening, had a wonderful year and have all of your loved-ones near and close to you. Stay warm and enjoy eating all the goodies! I look forward to bringing you more interesting people having intriguing conversations and then improvising comedy sketches based on what we talked about next year and hopefully many years afterwards. As a special special bonus, after the end credits there is a song performed by former co-host Alisha Holland where she purposely does a horrible rendition of Mariah Carey’s “All I Want for Christmas”. Enjoy! Sketch Comedy Podcast show is an independent and completely improvised sketch podcast that is based on conversations with interesting people like YOU! We welcome all suggestions, and we are always looking for new and interesting people to have on the podcast. Thank you so much for watching and listening, and please check out our other links for more information, interaction and overall fun! For more episodes, information, and a chance to be on the show, visit: http://sketchcomedypodcastshow.com **SOCIAL MEDIA FACEBOOK: http://facebook.com/sketchcomedypodcastshow TWITTER: http://twitter.com/sketchcompod INSTAGRAM: http://instagram.com/sketchcompod **SUBSCRIPTIONS & REVIEWS APPLE: http://bit.ly/SCPSitunes GOOGLE: http://bit.ly/SCPSgplay RSS: https://scps.fireside.fm/rss PODCHASER: https://www.podchaser.com/SketchComedyPodcastShow Sketch Comedy Podcast Show is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. © Copyright 2019 Marathon Productions, LLC. Special Guest: Joseph "Zombie" Zuko | Zombie Author.

ShowNotes at https://boknows.homes/142 (https://boknows.homes/142) Get our Free Podcast App, available for Apple & Android devices by going to https://boknows.homes/apps (boknows.homes/apps) In today's episode, Number 142, our main topic will be "Mortgage Options for Buyers who are New To Canada". We'll also touch on a few points on how to get your home ready to sell in the springtime, and talk about some home insurance options. As (hopefully) most of you know, I'm a professional real estate agent, specializing in helping home and condo buyers and sellers in the Winnipeg market area. Thats how I earn my living and I absolutely love what I do. I love interacting with people, explaining and teaching new things about real estate and home ownership, educating buyers and sellers in the process. Thats how this podcast was born. It's a labour of love, I dont charge for ad spots, or collect money from it directly. If I mention or promote a local business or service, it's because I have either used it myself, or recommended it to friends and family and have had great feedback. So if you find this podcast helpful, please download the free podcast app right to your phone. Its super easy, just go to boknows.homes/apps and you can chose from apple or android apps. This Week on the BlogWe're just entering the late fall of 2020, but if you're thinking of selling your home in the spring next year, NOW is the time to start planning. Call your agent now, to do a walk-thru and give you honest and direct feedback. THIS is the time for critical, unvarnished information on what you could do to maximize the selling price of your home. On Winnipeg's Real Estate Blog, there is a post of 6 things to do to prepare your home for that spring sale. Here is the link https://boknows.homes/b81b91c0 (https://boknows.homes/b81b91c0) Spotlight on Local BusinessIf you're buying a house or condo and getting a mortgage (most people are), you will be required to get property insurance. Banks, Credit Unions, mortgage brokers....won't matter who you deal with, if they are loaning you money to pay for the home, they will want their investment protected. My favourite property insurance company is RA Hughes Insurance, located in the Dominion Shopping centre at the foot of the Norwood Bridge. They are an insurance broker, meaning they deal with a variety of insurance companies, and can help you find the best fit for you. Owner Darcy Cook and his super friendly staff have been protecting your peace of mind, since 1929..... (well, actually Darcy isn't THAT old...but the company was started by his family.) Call Darcy at 204-837-1960 Their website is here https://boknows.homes/cc0d5fd0 (https://boknows.homes/cc0d5fd0) Phone Interview with Mike Schroeder of Mortgage ArchitectsToday we will talk with Mike about mortgage options for people who are 'New To Canada'. Landed Immigrants and other statuses. Money-Saving Tips for home ownersThe American Water Works Association Research Foundation conducted a study in 1999 and found that 27% of water is used in the toilet, 22% in the washer, 17% shower, 16% faucet and 14% lost thru leaks. New toilets , showerheads and cold water in washing machine will help reduce your costs. Final thoughts and linksI hope you've enjoyed listening to this podcast half as much as I enjoyed creating it. And I really do love it. So if you like receiving this information, here are a couple of things I'm asking you to do. Install the free podcast app, available for IOS and Android devices. I've made it super simple...on your phone, go to https://boknows.homes/apps (boknows.homes/apps) and you will get the option for your device's app store downloads. Another thing you can do is go visit THIS show on the web at https://boknows.homes/142 (boknows.homes/142) and see the show notes and all the links. Once there, you will also see the...

ShowNotes at https://boknows.homes/142 Get our Free Podcast App, available for Apple & Android devices by going to boknows.homes/apps In today's episode, Number 142, our main topic will be "Mortgage Options for Buyers who are New To Canada".  We'll also touch on a few points on how to get your home ready to sell in the springtime, and talk about some home insurance options. As (hopefully) most of you know, I'm a professional real estate agent, specializing in helping home and condo buyers and sellers in the Winnipeg market area.  Thats how I earn my living and I absolutely love what I do. I love interacting with people, explaining and teaching new things about real estate and home ownership, educating buyers and sellers in the process. Thats how this podcast was born.  It's a labour of love, I dont charge for ad spots, or collect money from it directly.  If I mention or promote a local business or service, it's because I have either used it myself, or recommended it to friends and family and have had great feedback. So if you find this podcast helpful, please download the free podcast app right to your phone.  Its super easy, just go to boknows.homes/apps and you can chose from apple or android apps. This Week on the Blog We're just entering the late fall of 2020, but if you're thinking of selling your home in the spring next year, NOW is the time to start planning.  Call your agent now, to do a walk-thru and give you honest and direct feedback.  THIS is the time for critical, unvarnished information on what you could do to maximize the selling price of your home. On Winnipeg's Real Estate Blog, there is a post of 6 things to do to prepare your home for that spring sale.  Here is the link  https://boknows.homes/b81b91c0 Spotlight on Local Business If you're buying a house or condo and getting a mortgage (most people are), you will be required to get property insurance.  Banks, Credit Unions, mortgage brokers....won't matter who you deal with, if they are loaning you money to pay for the home, they will want their investment protected. My favourite property insurance company is RA Hughes Insurance, located in the Dominion Shopping centre at the foot of the Norwood Bridge.  They are an insurance broker, meaning they deal with a variety of insurance companies, and can help you find the best fit for you. Owner Darcy Cook and his super friendly staff have been protecting your peace of mind, since 1929.....  (well, actually Darcy isn't THAT old...but the company was started by his family.)  Call Darcy at 204-837-1960 Their website is here https://boknows.homes/cc0d5fd0 Phone Interview with Mike Schroeder of Mortgage Architects Today we will talk with Mike about mortgage options for people who are 'New To Canada'.  Landed Immigrants and other statuses. Final thoughts and links I hope you've enjoyed listening to this podcast half as much as I enjoyed creating it.  And I really do love it.  So if you like receiving this information, here are a couple of things I'm asking you to do. Install the free podcast app, available for IOS and Android devices.  I've made it super simple...on your phone, go to boknows.homes/apps  and you will get the option for your device's app store downloads. Another thing you can do is go visit THIS show on the web at boknows.homes/142 and see the show notes and all the links.  Once there, you will also see the little microphone which enables you to leave me a comment or suggestions on how to improve this podcast. Lastly, if you really want to show me some love, give me a 5-star rating.  Again I've made it super simple, just go to  https://lovethepodcast.com/boknows  and you'll be able to review it easily. Money-Saving Tips for home owners The American Water Works Association Research Foundation conducted a study in 1999 and found that 27% of water is used in the toilet,  22% in the washer, 17% shower, 16% faucet and 14% lost thru leaks. New toilets , showerheads and cold water in washing machine will help reduce your costs. 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

Visit our new podcast home page at https://audio.winnipeghomefinder.com     Today we will speak with a real estate professional in the US about that market, and the process of buying vacation property in or near Las Vegas NV.  Welcome to Episode 141 of the Winnipeg Real Estate Podcast.   Winnipeg Real Estate News    Mid November, and our numbers of available homes are seriously dwindling.  Last year, mid November, we had 1,610 houses available in Winnipeg.  Today, that number is under 900.   In condos, last year we had 641 available,  this morning, 550.  That is the story of this covid-market.  Not enough listings, but a lot of buyer activity.  If you've missed it, check out podcast episode 139,  our November Market Update.   This Week on the Blog  Our latest article is perfect for your cellphone reading.  It's in a story format, so plays real nice on a vertical screen.  11 Insider Tips to help sell your home fast.... Top 2 tips:  Make it easy for buyers to see.  Don't throw up a bunch of blocks and barricades, like limiting the showing hours to a 2-hr window each day, or no showings after 5 pm...      And pick the right agent. https://boknows.homes/79f2dd70 Spotlight on Local Business  When you get a mortgage, the lender MUST offer you the option of taking 'mortgage insurance'.   This is really just life insurance by another name.  Repeat after me  : Thank you, but no thanks."...   Instead, get Life Insurance, which offers better coverage, has fewer hurdles, and is usually cheaper.  We talk about it in Episode 119, link here  https://audio.winnipeghomefinder.com/mortgage-insurance-of-life-insurance/   Call my good friend Thomas Johnson of Cascade Financial at 204-229-4405....   Link to his website is:  https://boknows.homes/dfd92540 Phone call with Debbie Drummond from Las Vegas  Interested in buying a vacation property down south?  Get away from our winters for a few months?  Las Vegas Nevada has a lot to offer.  We talk with award winning Luxury Home Agent Debbie Drummond about   The current state of the housing market Common price ranges What can you buy for $300K US? Tax implications for Canadian Buyers Mortgage options for foreign buyers   https://boknows.homes/0a02d520   Ms. Drummon's Tax Acct. recommendations is at  http://www.thetaxmanllc.com/ Download my free Podcasting App Whether you're on Apple or Android phone, its real easy to get my free podcast app by going here:   https://boknows.homes/apps 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

Visit our new podcast home page at https://audio.winnipeghomefinder.com   In this episode we will give you the condo market stats for the past month, what makes condo mortgages different from house mortgages, and a look at one condo building in the south end of Winnipeg.    Winnipeg Real Estate News    Available condo listings are down from last year, while sales are up.  Not at the same rate as houses in Winnipeg, but still an increase in activity against a backdrop of lower inventory levels.   Phone call with Mortgage Mike  If a buyer is pre-approved for a $250K house, can they just go and buy a $250K condo?  Not so fast....condo mortgages have a few unique requirements.  We need to consider the condo fees, whether the condo building is an apartment-conversion and whether the condo is self-managed. Find Mike at https://boknows.homes/IVjg2j Spotlight on Local Business   Whether you're buying or selling, a house or a condo in Winnipeg, you will need a real estate lawyer.  I recommend Brad McClelland of McRoberts Law Office.  Here is a link to his website   Go to https://boknows.homes/b99b3d30   Spotlight on Tower 180 Condo in St Vital  180 Beliveau Rd is the location for a condo known as Tower 180 Condos.  Originally built as an apartment block in 1970, it was converted into condos by A&S Homes in 2014. 1 and 2-BR suites, priced bet 160-220k.  Generally about 20K to $40K below the price when they were new.   See more details on this building here  https://boknows.homes/6afb3270   Here is my post on Condo Fees vs. House Expenses   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  

We get so caught-up in the presidential election that sometimes we forget that the most important votes are the ones that affect us locally, such as who is going to be the next person to run the town or city you are in. During the Covid-19 pandemic, local leadership was crucial to help small businesses stay in business and your neighbors to be able to stay in their homes. Local initiatives have immediate effect on our lives. So we need to get to know who is going to be leading us heading into the next couple of years. Travis Stovall believes he is that guy for my hometown, Gresham. He might be right, Travis is a scholar, has a business that helps people find themselves and be able to better deal with others, and is quite possibly one of the most personable people that you will ever meet. I originally invited him onto the show because he has a company called eRep (https://erep.com) that offers something called a CVI (Core Values Index) score which does an incredibly astute job of defining the traits and proficiencies for people. Seriously, it blew my mind, and highlighted for me my biggest strengths and made me aware of the things that I could use help with. Go to https://whatsmyCVI.com and take the 5-minute test and see what you get, I bet it is remarkably. accurate! Then, when I found out that he was going to jump into local politics, I thought it was a perfect time to see how something like the CVI could help someone navigate the different personalities and proficiencies of running a city. You can find out more about his quest for the top seat in Gresham at https://www.travisstovall.com Travis is a really entertaining human, has great stories, and listening to him just feels like you are speaking to someone who has a real grasp on the world. Oh, and we also record a sketch based on a true story. Sketch: “Pets to the MAX!” For more episodes, information, and apply to be on the show, visit: http://sketchcomedypodcastshow.com SOCIAL MEDIA FACEBOOK: http://facebook.com/sketchcomedypodcastshow TWITTER: http://twitter.com/sketchcompod INSTAGRAM: http://instagram.com/sketchcompod SUBSCRIPTIONS & REVIEWS APPLE: http://bit.ly/SCPSitunes GOOGLE: http://bit.ly/SCPSgplay RSS: https://scps.fireside.fm/rss PODCHASER: https://www.podchaser.com/SketchComedyPodcastShow Sketch Comedy Podcast Show is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. © Copyright 2020 Stuart Rice Special Guest: Travis Stovall | .

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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber)

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

Watch the live recording with Ed here: Remember back to all of those really civil, insightful, and mind-expanding political discussions at Thanksgiving dinner? No? Because they don’t exist—at least not yet. Ed Wynn has spent the last 3 decades trying to help governments and companies find fixes to their problems. He is qualified to do so too, because he is really smart. Ed graduated summa cum laude at the University of Illinois and magna cum laude in law at Georgetown. Throw in the fact that he is a Truman Presidential Scholar and you can see why people are so interested in having him find solutions! The one thing Ed is not is a political insider, and his new book, “We The People” is his attempt to fix political discourse in America by laying out the blueprint to having discussions with your family during Thanksgiving. It’s worth the read just to be able to get through the evening not trying to strangle your uncle! On a personal note, I think this is the gateway to having some real discussions about heavy subjects without anyone blowing a gasket, and the book even includes TL;DR sections at the very beginning for those of us who want to be more enlightened, but also have a fantasy football team to manage. My one regret… I should have asked him more about his biking adventure. If you would like to hear more about it, please let me know. I am certain Ed would be willing to go more in-depth with that. (I really do feel bad that I didn’t go more into that, I was so excited to talk about talking) This week’s sketch: "Master Debators" For more episodes, information, and apply to be on the show, visit: http://sketchcomedypodcastshow.com SOCIAL MEDIA FACEBOOK: http://facebook.com/sketchcomedypodcastshow TWITTER: http://twitter.com/sketchcompod INSTAGRAM: http://instagram.com/sketchcompod SUBSCRIPTIONS & REVIEWS APPLE: http://bit.ly/SCPSitunes GOOGLE: http://bit.ly/SCPSgplay RSS: https://scps.fireside.fm/rss PODCHASER: https://www.podchaser.com/SketchComedyPodcastShow Sketch Comedy Podcast Show is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. © Copyright 2020 Stuart Rice Links Get a copy of “We The People” by Ed Wynn https://amzn.to/2EK3JAg Special Guest: Ed Wynn | Author Trying to Make Political Discussions Great Again.

Have you ever just picked up and moved to a big, metropolitan city you have never visited on a whim? How about deciding one day that you need to thrust your fellow generation into informed political discourse? I’m pretty sure you haven’t done either of those things. You are about to meet someone who has. Claire Malkie grew up in Virginia and studied classical acting at Hofstra University. After graduating, someone suggested moving to Chicago and, without skipping a beat, she jumped at the opportunity. Arriving in Chicago ready to tackle the stage, she soon realized that the opportunities were pretty limited, but there were tons of opportunities to do improv. So, she headed back to improv school and started learning and performing at Comedy Court and has worked at a number of festivals. Overhearing a conversation from a peer that included “I don’t really understand politics, so I don’t want to get involved”, Claire realized that she could help change that attitude, which was important to her because she realized that she had the same attitude. To remedy that disinterest, Claire now co-writes and hosts the podcast “Sit Still, Look Opinionated” (https://sit-still-look-opinionated.simplecast.com) which is not just informative and non-biased, but it is also downright funny as she and her co-writer come up with fantastic jokes about the headlines that deserve to be on late-night talk shows. I highly recommend checking it out, whether you are in the know, or are trying to be, or don’t care… because you should. Have a completely free audiobook without ANY obligation other than downloading it read by none-other than myself! Get a copy of “Snapshots” a great collection of short stories that I narrated! All you have to do is message the show at sketchcomedypodcastshow@gmail.com and I will send you a code! I won’t even keep your email address, I’m just really excited to hear what you think! This week’s sketch: “Neo Way!” For more episodes, information, and apply to be on the show, visit: http://sketchcomedypodcastshow.com SOCIAL MEDIA FACEBOOK: http://facebook.com/sketchcomedypodcastshow TWITTER: http://twitter.com/sketchcompod INSTAGRAM: http://instagram.com/sketchcompod SUBSCRIPTIONS & REVIEWS APPLE: http://bit.ly/SCPSitunes GOOGLE: http://bit.ly/SCPSgplay RSS: https://scps.fireside.fm/rss PODCHASER: https://www.podchaser.com/SketchComedyPodcastShow Sketch Comedy Podcast Show is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. © Copyright 2020 Stuart Rice Special Guest: Claire Malkie | Risk-Taker and Political Motivator for the “Meh” Crowd.

Dan Ram is an accidental event master of ceremonies, has given TEDx talks 5 times and can even show you how to get yourself doing the same thing as a coach. He has met celebrities of all sorts, including being on-stage with Barak Obama, who actually remembered his name even if Dan mispronounced his.

When you were a kid and went out for a walk, you might have attracted mosquitos or flies. Not Dan Ram. Dan attracted Lions. Dan Ram is an accidental event master of ceremonies, has given TEDx talks 5 times and can even show you how to get yourself doing the same thing as a coach. He has met celebrities of all sorts, including being on-stage with Barak Obama, who actually remembered his name even if Dan mispronounced his. We hear about Dan’s childhood run-in with a giant kitty, which is only one of four near death experiences he has had. We get to hear how he accidentally found success through a massive failure, which has led to hundreds of speaking engagements, TEDx talks, and has even been an advisor to the Irish Prime Minister. When not touring the globe MCing events or giving talks, Dan helps others live their lives to their fullest through coaching, and you can find out more about that at iamdanram.com. This week’s sketch: “Should I Shake, or Should I Go?” One quick ad for one of my new endeavors… I now record audiobooks! Professionally! I would love to give you a free copy, and urge you to head to Audible to grab it! Just go to https://bit.ly/SCPSsnapshots to sign up and get this title, as well as hundreds of thousands of other titles for free! If you want to just get the book, please email the show at sketchcomedypodcastshow.com and request a redeemable code for the show. For more episodes, information, and apply to be on the show, visit: http://sketchcomedypodcastshow.com SOCIAL MEDIA FACEBOOK: http://facebook.com/sketchcomedypodcastshow TWITTER: http://twitter.com/sketchcompod INSTAGRAM: http://instagram.com/sketchcompod SUBSCRIPTIONS & REVIEWS APPLE: http://bit.ly/SCPSitunes GOOGLE: http://bit.ly/SCPSgplay RSS: https://scps.fireside.fm/rss PODCHASER: https://www.podchaser.com/SketchComedyPodcastShow Sketch Comedy Podcast Show is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. © Copyright 2020 Stuart Rice Special Guest: Dan Ram | Event MC, TEDx Speaker & Lion Attack Survivor.

Thinking of getting into home ownership, but want to avoid bidding wars? Want a nice place to call your own without spending too much? Consider Winnipeg Condos 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) [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.

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 and 171, . those are still really high numbers. [00:04:03.210] When you compare them to houses, if you look at my housing report, those numbers are in the 30 and 40 range, not in the hundreds. And the last statistic I look at is how many new listings came to market during the month of June. How many people listed their condos last year? That number was 352 new listings came to market.  This month, it was 334. So down slightly from last year. [00:04:28.500] But it's it's getting back up there.  The previous month, that's the month of May, this year we had 302. What does all this mean? The overall picture. Condos this year are selling faster than they were last year. But when compared to houses, they are still a much, much more relaxed and slower market than houses. [00:04:47.820] If you're currently renting and you're paying twelve hundred dollars and I went through this with with a client of mine, they were paying $1,200 for an 800 square foot apartment. They managed to get into a 1300 foot, ten year new townhouse with the garage for about the same money. Actually it's costing them less money than 1,200 dollars a month. That's including taxes and condo fees and the mortgage interest. So if you're interested in getting out of the rent-race and you don't quite want to buy a house, maybe it doesn't fit your lifestyle or maybe you just don't quite have enough money because you can buy a really nice condo for $220,000, whereas that's that's getting really tough to find a house in that same price range. [00:05:31.030] If you're interested, consider condos. Give me a shout any time. It's Bo Kauffmann Remax Performance Realty 204-333-2202  I'd love to help you out till next time. Bye bye.  

Update on the real estate market for Winnipeg. Housing sales and listings stats for 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) [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...

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 take a look at is the seller confidence. How many people are confident in selling their house and listing it right now? Last year this time, we had 1,409 people listed their home in this period. Last month we were just shy of 11 hundred. [00:04:12.740] And this month we did creep up a little bit. 1,300 is still one hundred less than last year. It seems like the market right now is made up of a lot of buyers, but not a lot of listings to choose from. [00:04:40.280] I hope you've enjoyed this housing market report for July 2020. And Winnipeg. I do a separate condominium market report. As hot as the housing market is, Condos do offer a great opportunity for buyers who want to get into the housing market who want to own their own property, but don't want to deal with so many bidding wars. So if you're thinking of buying your first home, a condo might be an option for you. Check that report as well. [00:05:03.800] And as you may know, I work with buyers and sellers, houses and condos in Winnipeg. So if you're looking to buy or sell either one house or condo, give me a shout anytime. That's Bo Kauffmann Remax Performance Realty 204-333-2202.

Still renting? Interest rates are super low, and there is even a way to buy without having 5% down. Let me show you how. 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:00.240]Are you currently renting and thinking you can't afford your own home? Let me dispelled that myth right now. [00:00:22.680] So are you renting right now and wondering if or how you could afford a new home? Let me tell you what happened to a client of mine very recently. They called me at the end of May to tell me that they were they had been renting for about five years and everything was going okay until a noisy tenant moved in above them and they finally had it. [00:00:40.720]So they were looking at alternatives, but they didn't initially think that they could afford it. I put them in touch with my mortgage specialist and this is what we came up with. So they were pre-approved for $300,000 and their initial plan was to find a stand-alone home. But in the south end of the city, St Vital, , Fort Richmond, Richmond West. Now there are neighborhoods in Winnipeg, where I can find you are really nice. home for 300,000 dollars or less. Standalone house. But St. Vital, , Fort Richmond, White Ridge. Those kind of areas are not among them. So after a few disappointing showings, we switched focus and we started looking at condos. Currently they lived in about an 800 square foot apartment, two bedrooms, one bath, outdoor parking, and they were paying 1,210 dollars a month. After looking about three or four condos. This is what we found them for $275,000 dollars. [00:01:32.780]We got them a three level townhouse condo in Bridgewater. Here's what you've got on the main floor. You have a small office area plus closets and the laundry room, and that is the door to the attached garage. So they go from outdoor parking to a single attached indoor garage. On the second floor, we have a half bath, a really nice, open, modern kitchen with all the appliances, all stainless steel appliances included the patio door leading to the balcony and a large living room area. [00:02:03.760]And the top floor features two good sized bedrooms, a main four piece bath and the large master bedroom with a full en-suite and lots of closet space. Now, as I said, their apartment was 800 square feet. This condo is 1,350 square feet. So let's take a look at how those costs compare. As I already said, they initially paid twelve hundred and ten dollars for rent plus hydro. So this condo, we got them for two hundred and seventy five thousand dollars. [00:02:31.510]They put five percent down, but there's CMHC fees lumped into it, which is around four percent. So let's say that they had to mortgage a two hundred and seventy five thousand dollar mortgage and figure out what the interest is on that. So let's be generous and say they're paying 2.4% , which makes a monthly interest costs of 550 dollars. So, yes, the actual mortgage payment is going to be higher. But anything above the interest goes against their own mortgage payment. So that money is not lost. It's not an expense. It goes to pay down their own debt. The only real cost is the interest. [00:03:06.670]After this, a property tax of 250 dollars per month and then a condo fee of 225 dollars a month. Now, hydro costs are going to be very similar as their rented space, as will insurance. The condo building insurance is actually included in the monthly condo fees. [00:03:22.300]So all they have to do is add condo owners insurance, which is similar to renter's insurance. So add up all these costs and instead of 1,210 a...

If you're tired of renting, let me show you how one of my clients fired the landlord and now own their 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] Are you currently renting and thinking you can't afford your own home? Let me dispelled that myth right now.   [00:00:22.680]  So are you renting right now and wondering if or how you could afford a new home? Let me tell you what happened to a client of mine very recently. They called me at the end of May to tell me that they were they had been renting for about five years and everything was going okay until a noisy tenant moved in above them and they finally had it. [00:00:40.720] So they were looking at alternatives, but they didn't initially think that they could afford it. I put them in touch with my mortgage specialist and this is what we came up with. So they were pre-approved for $300,000 and their initial plan was to find a stand-alone home. But in the south end of the city, St Vital, , Fort Richmond, Richmond West. Now there are neighborhoods in Winnipeg, where I can find you are really nice. home for 300,000 dollars or less. Standalone house. But St. Vital, , Fort Richmond, White Ridge. Those kind of areas are not among them. So after a few disappointing showings, we switched focus and we started looking at condos. Currently they lived in about an 800 square foot apartment, two bedrooms, one bath, outdoor parking, and they were paying 1,210 dollars a month. After looking about three or four condos. This is what we found them for $275,000 dollars. [00:01:32.780] We got them a three level townhouse condo in Bridgewater. Here's what you've got on the main floor. You have a small office area plus closets and the laundry room, and that is the door to the attached garage. So they go from outdoor parking to a single attached indoor garage.  On the second floor, we have a half bath, a really nice, open, modern kitchen with all the appliances, all stainless steel appliances included the patio door leading to the balcony and a large living room area. [00:02:03.760] And the top floor features two good sized bedrooms, a main four piece bath and the large master bedroom with a full en-suite and lots of closet space. Now, as I said, their apartment was 800 square feet. This condo is 1,350 square feet. So let's take a look at how those costs compare. As I already said, they initially paid twelve hundred and ten dollars for rent plus hydro. So this condo, we got them for two hundred and seventy five thousand dollars. [00:02:31.510] They put five percent down, but there's CMHC fees lumped into it, which is around four percent. So let's say that they had to mortgage a two hundred and seventy five thousand dollar mortgage and figure out what the interest is on that. So let's be generous and say they're paying 2.4% , which makes a monthly interest costs of 550 dollars. So, yes, the actual mortgage payment is going to be higher. But anything above the interest goes against their own mortgage payment. So that money is not lost. It's not an expense. It goes to pay down their own debt. The only real cost is the interest. [00:03:06.670] After this, a property tax of 250 dollars per month and then a condo fee of 225 dollars a month. Now, hydro costs are going to be very similar as their rented space, as will insurance. The condo building insurance is actually included in the monthly condo fees. [00:03:22.300] So all they have to do is add condo owners insurance, which is similar to renter's insurance. So add up all these costs and instead of 1,210 a month, their cost of living in their own home is $1,025 dollars per month. So that's nearly two hundred dollars a month less than renting the garage. Lack of noisy neighbours. All that is just a bonus. [00:03:42.520] So here's an interesting tidbit. If you're looking for a house right now, houses are at a premium.  There's only about 1,300 homes for sale in Winnipeg as opposed to last year, this time when there was nearly 1,900. So houses are harder to get. But you know what remains a buyer's market?  It's condominiums. And if you're renting right now and you're itching to get into the housing market, a condo might be a great stepping stone. It's true that condos probably will not appreciate as much as houses, but it is a stepping stone into owning your own property. [00:04:14.110] There are many benefits other than increased property values to owning your own property. Homeowners benefits include renting it out or borrowing money against it, fixing up the inside, paying down on the debt. So you know that that savings is basically it's tax free because that's your primary residence. So if you're thinking of getting into the housing market or into the owning your own home market, condos are a great option because right now there are still over 600 condos for sale, which is comparable to last year at this time. [00:04:46.470] Here's another tip. Those clients of mine didn't actually have 5% down. The mortgage specialist was able to find them a mortgage which used borrowed down-payment. So that is a way of using a like a line of credit at your bank. Now, in order to qualify for that, you have to have exceptional credit. You have to have above average credit rating. But even so, even if you don't have five percent down, there may be a way to get you into owning your own property with borrowed down payment.

If you're serious about buying a home in 2020, you will face 2 main challenges. Here is the one solutions to both: 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) [00:00:00.240]Are you serious about buying a house or a condo in Winnipeg in the summer of 2020? You're up against two challenges. I'll talk about those and how to get to the head of the line right away. [00:00:26.710] Hello again, everybody. It's Bo Kauffmann Remax Performance Realty. I'm a residential real estate agent in Winnipeg for the past 15 years and I enjoy working with buyers and sellers of houses and condos. [00:00:37.420]If you're serious about buying a house or a condo in Winnipeg in the summer of 2020, you're up against two challenges. One is a super active market. And the others is Covid. I'll talk about both of those challenges right away and then give you a shortcut to get you to the head of the home shopping line. Please note I said if you're serious about buying a house or a condo in Winnipeg, I get a lot of calls from people saying, hey, I just want to see your listing. [00:01:01.750]And when we talk about it a little bit further, they say, no, we're just starting to look or we're just curious. We just want to see it. So let me explain. [00:01:10.180]When a seller hires a listing agent, that agent owes the homeowner a set of duties and responsibilities,.... responsibilities, which I take very seriously. Those responsibilities include not showing the home to anybody who is not pre-approved, not pre qualified, may or may not be able to afford it, and more importantly these days, to show the home only to those people who have been deemed to be covered free to the best of our ability. [00:01:36.080]So if you're just browsing, just starting out, just looking, there are plenty of open houses still. You can go online, see virtual tours, even virtual open houses. Now, that's a great way to start, but don't call a listing agent to show you a house, because here is what's supposed to happen if you phone me. My first question to you is, are you pre-approved? Now, even that question has offended some callers, and I'm sorry for that. [00:01:59.160]But as I said earlier, I owe the home seller, a responsibility that I'm not going to show the house to anybody who just makes a phone call. You've got to be pre-approved. My next question may be who are you pre-approved with? Because not all lenders are the same. I'm just now dealing with somebody who has gone through their third week of financing, continuing to get extensions on the financing condition. It's not acceptable. And these people were supposedly pre-approved. [00:02:25.060]And another example, I met a young couple who came to me pre-approved by one of the smaller credit unions when it came time to make an offer. That credit union wanted a full week financing again in this active market, that's not sufficient. So not all lenders, not all mortgage lenders are the same, and some are definitely better than others. Another example may be that you need to sell your current home before you can buy one. There really is no point in looking at a house, especially these days, because when we make an appointment to get you into a house for a showing, that homeowner has to pack up and leave. [00:02:58.120]That's under the COVID rules. The homeowner is not supposed to be in the house at the time. So we are really inconveniencing that seller to show the house to somebody who is not ready to buy. But

If you're serious about buying a house or condo in the summer of 2020, you will face 2 challenges.  Here is the 1 solution that fixes both. 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] Are you serious about buying a house or a condo in Winnipeg in the summer of 2020? You're up against two challenges. I'll talk about those and how to get to the head of the line right away.   [00:00:26.710]  Hello again, everybody. It's Bo Kauffmann Remax Performance Realty. I'm a residential real estate agent in Winnipeg for the past 15 years and I enjoy working with buyers and sellers of houses and condos.   [00:00:37.420] If you're serious about buying a house or a condo in Winnipeg in the summer of  2020, you're up against two challenges. One is a super active market. And the others is Covid. I'll talk about both of those challenges right away and then give you a shortcut to get you to the head of the home shopping line. Please note I said if you're serious about buying a house or a condo in Winnipeg, I get a lot of calls from people saying, hey, I just want to see your listing.   [00:01:01.750] And when we talk about it a little bit further, they say, no, we're just starting to look or we're just curious. We just want to see it. So let me explain.   [00:01:10.180] When a seller hires a listing agent, that agent owes the homeowner a set of duties and responsibilities,.... responsibilities, which I take very seriously. Those responsibilities include not showing the home to anybody who is not pre-approved, not pre qualified, may or may not be able to afford it, and more importantly these days, to show the home only to those people who have been deemed to be covered free to the best of our ability.   [00:01:36.080] So if you're just browsing, just starting out, just looking, there are plenty of open houses still. You can go online, see virtual tours, even virtual open houses. Now, that's a great way to start, but don't call a listing agent to show you a house, because here is what's supposed to happen if you phone me. My first question to you is, are you pre-approved? Now, even that question has offended some callers, and I'm sorry for that.   [00:01:59.160] But as I said earlier, I owe the home seller, a responsibility that I'm not going to show the house to anybody who just makes a phone call. You've got to be pre-approved. My next question may be who are you pre-approved with? Because not all lenders are the same. I'm just now dealing with somebody who has gone through  their third week of financing, continuing to get extensions on the financing condition. It's not acceptable. And these people were supposedly pre-approved.   [00:02:25.060] And another example, I met a young couple who came to me pre-approved by one of the smaller credit unions when it came time to make an offer. That credit union wanted a full week financing again in this active market, that's not sufficient. So not all lenders, not all mortgage lenders are the same, and some are definitely better than others. Another example may be that you need to sell your current home before you can buy one. There really is no point in looking at a house, especially these days, because when we make an appointment to get you into a house for a showing, that homeowner has to pack up and leave.   [00:02:58.120] That's under the COVID rules. The homeowner is not supposed to be in the house at the time. So we are really inconveniencing that seller to show the house to somebody who is not ready to buy. But as I said earlier, there is a shortcut, a way to get you to the head of the line. Talk about that right away. After I discussed the second challenge, which is COVID.   [00:03:31.300]     [00:03:31.660] We're pretty lucky in Winnipeg, Manitoba. In general, we've got very few cases. We want to keep it that way. So each time you phone a listing agent to show you that listing, he or she is supposed to go through a checklist with you. It's basically  two pages long. It's like a medical background check list. Have you traveled? Have you been in touch with anybody who has traveled to show any symptoms? Have you been tested?   [00:03:53.860] So it is quite in-depth and you're supposed to fill that out for every showing that you go to. Imagine doing that for every listing?  There is a better way. Call an agent like myself or any other buyer agent and ask them to become your buyer agent. It's really easy, simple and free. Here's what happened once you call me. We'll have a Zoom meeting or an in person if you prefer.   [00:04:16.600] And during this meeting, we'll discuss your home buying needs and wants and financial capability. We'll also discuss your health status. You only have to do this once with your buyer agent if required. I'll set you up with the right lender, not somebody that takes a week to get things done, but somebody who stands behind their pre-approval. After we've done that, we'll set you up on a search and all the listings that fit your needs and fit your requirements will come straight to your inbox.   [00:04:42.430] That way, let's say on a Saturday afternoon, you want to look at a couple of houses. You send me the addresses that you want to see and I'll book the showings. You don't have to call three different agents. You don't have to fill out three different forms. You don't have to answer three different sets of questions regarding your pre-approval or your health status. That's already been done. All you do is you sent me a list of houses you want to see.   [00:05:05.500] I'll book the showings and away we go. What's a great way to pick a buyer agent? Well, check the Better Business Bureau. There are a handful of agents who are credited with the Better Business Bureau, and an even simpler way is just to check Google.  Check the agent's name behind that name, put Google reviews and you should come up with with a list of reviews.  So if you're thinking of buying a house or a condo in Winnipeg, give me a call anytime.

Real Estate sales, listings and inventory of houses in Winnipeg. 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 [00:00:00.150] What's the real estate market on June 1st 2020 in Winnipeg? Coming up next.    [00:00:20.710] Well, it's time to take a close look at what the real estate market is doing and Winnipeg, this is at the beginning of June 2020. You know, I get phone calls  just about every day.   [00:00:29.490] I got a call from a nice older lady saying, you know, right now with all this Covid stuff, this must be a terrible time to be selling your house? And really nothing could be further from the truth. You're going to see that in the last month, that's the month of May, sales have nearly doubled over April. Yet the numbers of available listings has not kept up. So you're going to see all the indicators are towards a much, much stronger seller market than normal.   [00:00:55.260] There is buyers are coming out, but they're just not finding the available homes. There's one thing I'm doing different this month, and that is that this is specifically for houses. I will do a separate podcast for condominiums because they really are a separate market all to their own. So let's take a look at some of the highlights. For the month of March, the most expensive house sold in the month of March was 1.5 million in tuxedo.   [00:01:17.880] And the most expensive condo was a brand new construction condo. F$488,000 in the S.St Vial area. In May 2019. We sold 758 houses. Now, compare that to the sales of April this year. They were 375 houses, but in May we bounced right back to 641 houses sold in Winnipeg. That's fast approaching the norm, which was kind of last year. So let's break that down a little bit further in the price ranges under two hundred and fifty thousand dollars on June 1st.   [00:01:51.450] Last year we had 444 homes available. In April, we had 285. And in May this year, we're down even further at 269. So the available homes in this price range keeps dropping. But buyers are coming out. So if you've got a house in that price range, now is the time to list that.   [00:02:10.220] Looking at the mid price range, these are homes between a quarter million and a half million dollars.  Last year we had 778 available. At the end of April, we had 590. And at the end of May or June 1st, we only have 575. Again, the available number of homes has steadily drop and it's much below normal.   [00:02:31.390] And a slightly different picture in the luxury homes sections last year. These are homes of 500,000 dollars or more. Last year we had 413 at the end of April. This year we had 338.   [00:02:44.730] And on June 1st this year, the inventory bounced up a little bit to 368. So let's take a look at sales over the past month. So last year, during the month of May, we sold 187 entry level homes in May. This year we sold only 93. So that's about half. And now in May 2020, that jumped back up to 157. So almost on par with what it was.  like mid-range homes, 250 to 500,000 dollars last year in May, we sold 487.   April this year 247 again 1/2.   [00:03:18.630] And that bounced right back and made this year to 418 almost on level with what it was. Now, as far as luxury homes go, last year we sold 85 of those in the month of May.   [00:03:29.850] This year in April, that dropped down to 35. But this year in May, it went back up to 66 homes. As you can see, sales have nearly doubled over last month. But in most cases, inventory, the available number of homes has actually decreased.   [00:03:44.760] This is going to make for a very hot sellers market. If you've been following my podcast on my blog for a while, you also know that we take those numbers, the solds and the available. We combine them to come up with a quotient called inventory days or days of inventory. This basically means that if no further houses are listed, how long would it take at the current rate to sell everything that's out there? Naturally, the lower that number, the hotter the market and the better seller market it is and the tougher it is for buyers.   [00:04:14.700] So let's take a look at what those numbers mean right now, starting off with homes under 250k dollars last year. This time it was 71 days. It would have taken 71 days to sell everything that's out there. In April this year, that was 92 days. But this month, we've dropped down to 53 days. So that's even faster than last year.   [00:04:34.270] Homes between a quarter million and a half million dollars last year.  That was 48 days.  In April this year, that jumped up to 72 days. And right now, June 1st, that's dropped to 42 days. Again, hotter than last year. And a similar picture in luxury homes, those over a half million dollars. Last year we were looking at 146 days to sell everything that's out there. In April this year, that jumped up to 290. That's almost doubled. And now in June 1st, that's back down to 172 days.   [00:05:05.880] So you can see by those numbers that the hardest part of the market is between that 250 and five hundred thousand dollars. In fact, I can tell you that the really the hottest segment in Winnipeg market has always been between 250 and 350. And the last that we take a look at is how many new listening to come into markets last year during the month of May, we had 1,341 new listings. In April this year, that dropped way back to 698.   [00:05:32.400] But it's comeback somewhat made this year, to 1098. So we're still roughly 250 listings short of what we were last year. Right now is a great time to sell your home. Please give me a call if you're if you're thinking of selling your house in Winnipeg. That's Bo Kauffmann Remax Performance Realty 204-333-2202.

Housing Market Report for Winnipeg on June 1st 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) [00:00:00.150]What's the real estate market on June 1st 2020 in Winnipeg? Coming up next.  [00:00:20.710]Well, it's time to take a close look at what the real estate market is doing and Winnipeg, this is at the beginning of June 2020. You know, I get phone calls just about every day. [00:00:29.490]I got a call from a nice older lady saying, you know, right now with all this Covid stuff, this must be a terrible time to be selling your house? And really nothing could be further from the truth. You're going to see that in the last month, that's the month of May, sales have nearly doubled over April. Yet the numbers of available listings has not kept up. So you're going to see all the indicators are towards a much, much stronger seller market than normal. [00:00:55.260]There is buyers are coming out, but they're just not finding the available homes. There's one thing I'm doing different this month, and that is that this is specifically for houses. I will do a separate podcast for condominiums because they really are a separate market all to their own. So let's take a look at some of the highlights. For the month of March, the most expensive house sold in the month of March was 1.5 million in tuxedo. [00:01:17.880]And the most expensive condo was a brand new construction condo. F$488,000 in the S.St Vial area. In May 2019. We sold 758 houses. Now, compare that to the sales of April this year. They were 375 houses, but in May we bounced right back to 641 houses sold in Winnipeg. That's fast approaching the norm, which was kind of last year. So let's break that down a little bit further in the price ranges under two hundred and fifty thousand dollars on June 1st. [00:01:51.450]Last year we had 444 homes available. In April, we had 285. And in May this year, we're down even further at 269. So the available homes in this price range keeps dropping. But buyers are coming out. So if you've got a house in that price range, now is the time to list that. [00:02:10.220]Looking at the mid price range, these are homes between a quarter million and a half million dollars. Last year we had 778 available. At the end of April, we had 590. And at the end of May or June 1st, we only have 575. Again, the available number of homes has steadily drop and it's much below normal. [00:02:31.390]And a slightly different picture in the luxury homes sections last year. These are homes of 500,000 dollars or more. Last year we had 413 at the end of April. This year we had 338. [00:02:44.730]And on June 1st this year, the inventory bounced up a little bit to 368. So let's take a look at sales over the past month. So last year, during the month of May, we sold 187 entry level homes in May. This year we sold only 93. So that's about half. And now in May 2020, that jumped back up to 157. So almost on par with what it was. like mid-range homes, 250 to 500,000 dollars last year in May, we sold 487.  April this year 247 again 1/2. [00:03:18.630]And that bounced right back and made this year to 418 almost on level with what it was. Now, as far as luxury homes go, last year we sold 85 of those in the month of May. [00:03:29.850]This year in April, that dropped down to 35. But this year in May, it went back up to 66 homes. As you can see, sales have nearly doubled over last month. But in most cases, inventory, the available number

Why is now the start of the spring market in Winnipeg?  Hear of the two most recent sales, and the stats that tell the story. 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 Looking after and reporting on historic stats is easy…..   extrapolating information from those stats, and predicting the future is harder. Unless A few very loud and obvious facts jump out, making it easier to interpret.   For example: 2 weeks ago I listed a bungaow in the west st james area for $250,000. It ended up with 45 showings and 15 offers, and sold for $30grand over asking. But one example does not make a trend So this past week, I listed another bungalow, this one in north kildonan, for $260K. 46 showings, 10 offers and sold for 23K above asking. So 91 showings, and 25 offers on these two listings.   Seeing a trend? Two different parts of the city, but both homes are smack in the middle of Winnipeg’s most popular price range category…. Why is this happening? Well, let's look at available listings. Last year, this time, we had 1635 homes for sale in Winnipeg. Today, that number is 1273.   That is 22% fewer listings than the same time last year. So if you’re thinking of selling your Winnipeg home, NOW is the perfect time. Listings are down, but buyer activity   (91 showings, 25 offers on two homes) is up.

Recent sales stories point to the fact that right now, the spring market is starting. 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) Looking after and reporting on historic stats is easy…..  extrapolating information from those stats, and predicting the future is harder. Unless A few very loud and obvious facts jump out, making it easier to interpret. For example: 2 weeks ago I listed a bungaow in the west st james area for $250,000. It ended up with 45 showings and 15 offers, and sold for $30grand over asking. But one example does not make a trend   So this past week, I listed another bungalow, this one in north kildonan, for $260K. 46 showings, 10 offers and sold for 23K above asking. So 91 showings, and 25 offers on these two listings.   Seeing a trend? Two different parts of the city, but both homes are smack in the middle of Winnipeg’s most popular price range category…. Why is this happening? Well, lets look at available listings. Last year, this time, we had 1635 homes for sale in Winnipeg. Today, that number is 1273.  That is 22% fewer listings than the same time last year. So if you’re thinking of selling your Winnipeg home, NOW is the perfect time. Listings are down, but buyer activity  (91 showings, 25 offers on two homes) is up.

Does the time of year make a difference when selling your home?  How important is setting the right asking price?  Two stories to show the effects. 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 [00:00:00.150] What kind of an effect can the proper pricing and timing have when selling your home in Winnipeg? Coming up next.   [00:00:25.460]  So if you're thinking of selling your house or condo in Winnipeg, timing the market is important and pricing correctly for wherever that time of year is. Not every market is the same. Spring market is different than the summer and the winter and the fall is different again.   [00:00:40.640] I've got two real life examples of what a difference pricing and marketing time can make. And the first one kind of talks about the difference of pricing. Recently, I had occasion to do research in an area in St. Boniface where two homes were sold on the same street. They were basically identical homes built probably by the same builder. Certainly the same size, the same style, built the same year. But inside they were quite a bit different.   [00:01:08.090] The first home we look at was listed at the end of August. Generally, the market in Winnipeg starts to slow down in August, especially towards the end end and in September. People have bought their houses. They're now concerned about moving in, getting their kids in school and stuff like that. So at the end of August is generally not a great time to list the house. This one in particular had been updated extensively. New bathrooms, new kitchen windows, flooring, electrical, was extensively renovated, looked really, really gorgeous.   [00:01:35.840] And they priced it at $285,000, which is probably fair for that market and that house. It took 40 days to sell and they eventually sold it for 275. So 10,000 under and it took six weeks to sell. Now look at another house. Same street. It was listed at the beginning of June. And that is still traditionally part of the spring market. Things are still active. People are still looking very much looking, especially the beginning of June.   [00:02:01.790] Same kind of house, same size, layout, number of bedrooms, number of bathrooms on the same street. But that's where the similarities end. It had an old kitchen, old bathroom. Couple of the windows were updated, but not much else. So they priced us at $249,900. Now remember, it's still spring market, $249K. They got multiple offers and it sold for $273,000, just two grand below the one that was completely updated and finished.   [00:02:29.870] So that's the benefit of listing at the right time of year when there's still multiple bids, multiple offers happening. It doesn't seem fair, but that's just the way. Just the way it is. If you can avoid listing at the end of August, do so. Hold off for a little while. Market generally does pick up again at the end of September, beginning of October. But if you don't have a choice, you don't have a choice.   [00:02:52.430] You have to just kind of make the best of it. But spring market is definitely the best time to list. And my next story is going to be an even wilder example. Unbelievable. So stay tuned.   [00:03:17.240] This next example. I was actually intimately involved with both of them. I saw both houses inside and out. These homes are located in River Heights. And just like the previous example, they're on the same block, same street, same side of the street. So they're facing the same way, the same sun exposure. Probably built by the same builder. Definitely the same style, size, and layout. They were both bungalows. A lot of similarities. The first one went up for sale in October one year, and I had a buyer who wanted to see it.   [00:03:47.930] This house had originally been listed at $270,000 dollars and it was extensively updated. New windows, new roof. It had a double car garage. Not like the second one in the example. It had a double car garage. Nice hardwood flooring. A brand new kitchen. New bathrooms. A really nicely done basement listed at 270. It took two months to sell and eventually sold for 250.   [00:04:12.130] Fast forward just three months later.  Same side of the street. Homeowner called me to list their house. Now, I got into this one and it was the same style and size, but it was completely different inside. The walls with the original plaster and painted and what I would call like a mint green. And the plaster was severely cracked everywhere. Original Windows, original kitchen. There were hardwood floors, but they were covered by shag carpeting. This house only had a single car garage.   [00:04:40.280] And worst of all, it had a noticeable tilt, a noticeable lean to one side. I had a contractor come in just to take a look at it because he thought he might wanna flip it. And his laser level showed that one side was almost a foot lower than the other. It was so noticeable that when you're standing outside, you can see the house leaning towards one side, but it was the spring market. So we listed it at 219,900.   [00:05:02.830] We had an open house and I had to stop the traffic from coming in. The house was full and there was people lined up on the sidewalk. Again, spring market in Winnipeg, even though it was beginning of February. It was a nice sunny day, was relatively mild and they were coming out. So in the end, we ended up with five offers and the house sold $255,000. It sold for 5000 dollars more than the fixed up one down the street sold just two months earlier.   [00:05:31.160] That's the power of the spring market. That's the power of bidding wars. I'm not going to say I did such a fantastic job in marketing this. It was just, it's a timing thing. And it's sometimes a bit of a luck thing and it doesn't seem fair. It doesn't seem right that that first house was head and shoulders above this one, but we sold for five thousand dollars more. And that's what spring market and proper timing can do.   [00:05:54.920] So I've always been telling people if they ask me, when's the best time to sell? The best time to sell is right at the very beginning of the spring market. In that second example, that was February. Right now, in 2020, that is right now  in May because the spring market has been delayed. But I'm seeing the activity that we saw a few years ago in the early spring. I'm seeing that right now, the houses that the listings are getting a ton of showings and multiple offers.   [00:06:24.140] So if you have a choice, sell or list your house at the beginning of a spring market, whenever that is. If you have to sell at other times a year, there's nothing wrong with that. You just have to adjust your pricing strategy to meet whatever that market happens to be at that time. So if you're thinking of selling your house or condo in Winnipeg at any time of year, give me a call. It's Bo Kauffmann Remax Performance Realty (204) 333-2202   [00:06:51.230] I will develop a marketing strategy that meets the current market demands. And hey, if you're still with me at this point. Why not grab my free podcasting app available for iOS and Android device? It's super easy. Just go to Winnipeg.tips/apple or /android. That way you'll never miss another episode about Winnipeg real estate or both.  

Can the time of year play a difference when selling your home? How about setting the best 'listing price'? Get the answer in these two stories. 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) [00:00:00.150]What kind of an effect can the proper pricing and timing have when selling your home in Winnipeg? Coming up next. [00:00:25.460] So if you're thinking of selling your house or condo in Winnipeg, timing the market is important and pricing correctly for wherever that time of year is. Not every market is the same. Spring market is different than the summer and the winter and the fall is different again. [00:00:40.640]I've got two real life examples of what a difference pricing and marketing time can make. And the first one kind of talks about the difference of pricing. Recently, I had occasion to do research in an area in St. Boniface where two homes were sold on the same street. They were basically identical homes built probably by the same builder. Certainly the same size, the same style, built the same year. But inside they were quite a bit different. [00:01:08.090]The first home we look at was listed at the end of August. Generally, the market in Winnipeg starts to slow down in August, especially towards the end end and in September. People have bought their houses. They're now concerned about moving in, getting their kids in school and stuff like that. So at the end of August is generally not a great time to list the house. This one in particular had been updated extensively. New bathrooms, new kitchen windows, flooring, electrical, was extensively renovated, looked really, really gorgeous. [00:01:35.840]And they priced it at $285,000, which is probably fair for that market and that house. It took 40 days to sell and they eventually sold it for 275. So 10,000 under and it took six weeks to sell. Now look at another house. Same street. It was listed at the beginning of June. And that is still traditionally part of the spring market. Things are still active. People are still looking very much looking, especially the beginning of June. [00:02:01.790]Same kind of house, same size, layout, number of bedrooms, number of bathrooms on the same street. But that's where the similarities end. It had an old kitchen, old bathroom. Couple of the windows were updated, but not much else. So they priced us at $249,900. Now remember, it's still spring market, $249K. They got multiple offers and it sold for $273,000, just two grand below the one that was completely updated and finished. [00:02:29.870]So that's the benefit of listing at the right time of year when there's still multiple bids, multiple offers happening. It doesn't seem fair, but that's just the way. Just the way it is. If you can avoid listing at the end of August, do so. Hold off for a little while. Market generally does pick up again at the end of September, beginning of October. But if you don't have a choice, you don't have a choice. [00:02:52.430]You have to just kind of make the best of it. But spring market is definitely the best time to list. And my next story is going to be an even wilder example. Unbelievable. So stay tuned. [00:03:17.240]This next example. I was actually intimately involved with both of them. I saw both houses inside and out. These homes are located in River Heights. And just like the previous example, they're on the same block, same street, same side of the street. So they're facing the same way, the same sun exposure. Probably built by

Sales stats for homes and condos during April 2020, the first full month of activity during the pandemic.  How is Winnipeg's market doing: 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 [00:00:23.390] Welcome, everybody. It's mMay first and I take a look back at all the sales in April, the entire month, and that is the first full month in this pandemic, as you may remember. The markets, everything was shut down around the middle of March.   [00:00:36.460] So March's report was still half normal, half pandemic. So now we're taking a look at the first full month to see what numbers have done. Bottom line listenings her down, sales are down, but the intensity remains. I'll show you what I mean. And I usually compare to the previous month. But really, the best way to compare is to the same time period previous year.. So what we have is last year in April, we sold 85 condos.   [00:01:01.720] This year, 42. So that's half. Last year we sold 558 houses in that time period. This year, just 375. These are numbers for inside Winnipeg. And they're gonna be different than what Winnipeg REALTORS® puts out simply because Winnipeg REALTORS®  covers the entire south east quadrant of Manitoba, including Steinbach and Portage LaPrairie and Selkirk, whereas I'm looking at only Winnipeg. All right, let's look at available listings. So last year, this is under a quarter million dollars.   [00:01:30.280] Last year we had 363. This year we've got 285. So that's quite a bit down. Last year, 250000 to five hundred thousand dollar homes. At the end of April, we had 694 this year, just 590. So that's down about 14, 15 percent. And the luxury homes last year we had 378 available this year, just 338. So that's about 40 down. That's another 10, 11 percent.   [00:01:57.460] So as I mentioned before, listings are down, but so are sales last year, quarter million dollars or less. We sold 156 homes, this year just 93. In the 250 to five hundred thousand dollar range, Last year we sold 357, this year, just 247. So that's about a 30 percent drop.   [00:02:16.270] And last year, in the luxury home range of half million or more, we sold 45 homes this year, just 35. So as you can see, listings are down and sales are down. So how do you correlate the numbers? I mean, if one of them is significantly different than the other, it will have an effect on whether it becomes a buyer's market or a seller's market. And to look at that, we take what's called an inventory quotient.   [00:02:38.350] So we take a look at how many days it would take to sell everything that's out there at the current sales rate. The lower the number, the hotter the market.   [00:02:47.000] So last year, under 250000 dollars, it was 72 days. This year, it's 92 days. So it would take an extra 20 days to sell everything that's out there so that it's become a slower market than last year, same time. The same holds true for all the other price ranges at 250 to five hundred thousand dollar homes last year with 60 days.   [00:03:07.300] This year it's 72. And for luxury homes, last year, 260 days, this year 290. The difference between last year and this year will become even more pronounced in the condo section, as we're going to see right away.   [00:03:20.740] Comparing last year to this year under 250000 dollars last year, we had 383 Condos available. This year, just 322. So that's about almost 20 percent less listings. Quarter million and up. Last year we had 312 available this year 290.   [00:03:36.610] And looking at sales for condos under 250000 last year during the month of April, we sold 54. This year, 26. So less than half last year in the quarter million and up, we sold 31 condos this year, 16 again, just half of what we sold last year. And this becomes really noticeable in the days of inventory condos under quarter million. Last year we were at 220 days. This year,  370 days,   [00:04:03.720] Condos over a quarter million, last year 312 days, this year, 544. So it is a very, very strong, hot buyer's market as far as condos go. Great time to buy a condo if you're looking to buy an investment condo. Probably never been a better time than right now. Interest rates are low, inventory is still out there, and the competition for those condos is low. So you should be able to get yourself a pretty good deal on a condo.   [00:04:28.240] I also like to look out to see how sellers are reacting. Are they now listing houses and condos at the same rate as they were last year? So last year, this time period, we had 1144 new listings come to market last month, just 817. And this month that's down to 698. Same thing happens with condos. Last year, 309 came to market, last month just 271. And this month just 186.   [00:04:56.980] That's down about 40 percent in listings. Now, I really don't know who said it. It may have been Warren Buffett  who said "if everybody else is buying sell,  if everybody else is selling buy. Unfortunately for the most  people and I fall victim to this as well,  they start developing a bit of a herd mentality so that if everybody else is not listing, well I'm gonna hold off too, which is really not the right thing to do right now.   [00:05:22.390] Listings are down, and sales are down, too. But as I said earlier, the intensity is there. And what I mean by that is this. I just listed a house out in West St. James. We ended up with 45 showings and 15 offers and it sold for 30 thousand dollars over. The intensity remains. Just took a look at North Kildonan. There was an area where I'll be listing a little bungalow bungalows of similar size in the last month.   [00:05:46.420] There were seven of them that have sold in North Kildonan. Four of them sold for above-asking. So again, intensity is there. The buyers that are out there are serious about buying a house. So don't be afraid to list your home at this point because other people are holding off. That means you're going to have less competition against other similar places on the market. So if you're looking to buy or sell. Give me a shout thats Bo Kauffmann Remax performance (204) 333-2202   [00:07:20.190] And hey, if you're still with me at this point, why not? Grab my free podcasting app available for iOS and Android device. It's super easy. Just go to http://winnipeg.tips/apple or http://winnipeg.tips.android.  That way you'll never miss another episode about Winnipeg, real estate or both.

Looking at the sales of homes and condos during April 2020. How did Winnipeg's real estate market do during the first full month of the pandemic? 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) [00:00:23.390]Welcome, everybody. It's mMay first and I take a look back at all the sales in April, the entire month, and that is the first full month in this pandemic, as you may remember. The markets, everything was shut down around the middle of March. [00:00:36.460]So March's report was still half normal, half pandemic. So now we're taking a look at the first full month to see what numbers have done. Bottom line listenings her down, sales are down, but the intensity remains. I'll show you what I mean. And I usually compare to the previous month. But really, the best way to compare is to the same time period previous year.. So what we have is last year in April, we sold 85 condos. [00:01:01.720]This year, 42. So that's half. Last year we sold 558 houses in that time period. This year, just 375. These are numbers for inside Winnipeg. And they're gonna be different than what Winnipeg REALTORS® puts out simply because Winnipeg REALTORS® covers the entire south east quadrant of Manitoba, including Steinbach and Portage LaPrairie and Selkirk, whereas I'm looking at only Winnipeg. All right, let's look at available listings. So last year, this is under a quarter million dollars. [00:01:30.280]Last year we had 363. This year we've got 285. So that's quite a bit down. Last year, 250000 to five hundred thousand dollar homes. At the end of April, we had 694 this year, just 590. So that's down about 14, 15 percent. And the luxury homes last year we had 378 available this year, just 338. So that's about 40 down. That's another 10, 11 percent. [00:01:57.460]So as I mentioned before, listings are down, but so are sales last year, quarter million dollars or less. We sold 156 homes, this year just 93. In the 250 to five hundred thousand dollar range, Last year we sold 357, this year, just 247. So that's about a 30 percent drop. [00:02:16.270]And last year, in the luxury home range of half million or more, we sold 45 homes this year, just 35. So as you can see, listings are down and sales are down. So how do you correlate the numbers? I mean, if one of them is significantly different than the other, it will have an effect on whether it becomes a buyer's market or a seller's market. And to look at that, we take what's called an inventory quotient. [00:02:38.350]So we take a look at how many days it would take to sell everything that's out there at the current sales rate. The lower the number, the hotter the market. [00:02:47.000]So last year, under 250000 dollars, it was 72 days. This year, it's 92 days. So it would take an extra 20 days to sell everything that's out there so that it's become a slower market than last year, same time. The same holds true for all the other price ranges at 250 to five hundred thousand dollar homes last year with 60 days. [00:03:07.300]This year it's 72. And for luxury homes, last year, 260 days, this year 290. The difference between last year and this year will become even more pronounced in the condo section, as we're going to see right away. [00:03:20.740]Comparing last year to this year under 250000 dollars last year, we had 383 Condos available. This year, just 322. So that's about almost 20 percent less listings. Quarter million and up. Last year we had 312 available this year 290....

Living and working in Winnipeg's Exchange District. Interview with someone who knows! 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 A few links:  Productivity & work-at-home resources Indie Author Weekly podcast @Saganlives on Twitter & Instagram    What's Winnipeg's Exchange District like? Let's talk to somebody who lives and works there. That's coming up next. [00:00:10.100] You're listening to the Bo Knows Real Estate podcast, tips and advice for homebuyers, buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:25.860] - Bo Kauffmann - REMAX Winnipeg has a lot of fantastic neighborhoods, some well known like Osborn Village and Corydon Village, and another rapidly growing and expanding district is the Winnipeg's Exchange District. Now, some of you may know I've been publishing a blog for all going on 12 years now, and I've been publishing a podcast for about eight or 10 years. [00:00:45.270] - Bo Kauffmann - REMAX And a young lady by the name of Sagan Morrow has been writing articles for my blog almost from about 10 years ago. And I know she has a condo in the exchange district. So I went to her when I wanted to talk to somebody about life and work in that district. I reached out to her and she was more than willing to come on to the podcast. So by way of introduction, Sagan Morrow teaches busy, time crunched solopreneurs, how to build their own successful home based businesses without the overwhelm, through online courses and business resources at Sagan Morrow. com I'll have the links in the show notes. She specializes in productivity tips and action oriented strategic planning for multi passionate creatives. Sagan has over a decade of experience as a freelance writer and hosts the indie author weekly podcast. When she isn't teaching solopreneurs or doing freelance work for her own clients, Sagan likes to write romance novels. All right. So I'm here with Sagan, moral productivity strategist and author and Sagan that's been living in Winnipeg exchange district in a condo for quite a while. [00:01:58.440] - Sagan Morrow How many years, Sagan? [00:01:59.940] - Sagan Morrow It's been ten years now. [00:02:02.880] - Bo Kauffmann - REMAX And same place in a condo? [00:02:04.760] - Sagan Morrow Yes. Yes. I bought my condo. I lived. I lived in author and village briefly. And then in West Broadway. And then this is the first the first condo that I bought. It was the first place I ever even looked at when I was looking for a home. And I just fell in love with it immediately. And I bought it and I. I've been here ever since. I'm very happy here. [00:02:25.500] - Bo Kauffmann - REMAX Is it one of those, like I'm not asking for your address here, but is that one of these, like, warehouses that's been converted which what the exchange district is really known for? [00:02:34.230] - Sagan Morrow Yes, that's exactly what it is. You've got like exposed brick and all that. Yeah, OK. Very nice. All right. [00:02:42.000] - Bo Kauffmann - REMAX So you've lived in always the like he said Osborne Village and some of the other nice areas. What do you like about the exchange district? [00:02:48.630] - Sagan Morrow You know, it's been really wonderful to live here over the past 10 years and see how much the exchange has changed and grown and evolved over that time. It's been absolutely incredible to see how many more people are in the area. And I love it. It's such a cultural hub and that there are so many different things that you can do. And it's absolutely beautiful with all of these historical buildings. It's it's such a central place. That's just wonderful. [00:03:16.560] - Bo Kauffmann - REMAX Right. What are some of the things that list some of the things that you like to do and maybe some that most people don't really know about? [00:03:25.320] - Sagan Morrow So, you know, the little boutiques and that kind of thing in the area are so lovely. There's a lot there's a very strong sense of community that I think a lot of people don't even realize is a theme in the exchange. But it's true. You know, when you go to the restaurants, when you go to these little boutiques, you get to know the people who are working there and they are just absolutely wonderful. We have just such amazing people living and working and the exchange district and its such a walkable community as well. [00:03:53.460] - Sagan Morrow I mean, there's you know, you turn a corner and there's all kinds of new things to look at. And there's, yeah, there's just many different components to the area and having really, really cool little parks nearby and being so close to the river and all of that as well. I mean, the Forks is super close to walk, right? Wow. Really neat. [00:04:13.230] - Bo Kauffmann - REMAX Yeah. And the exchange actually is on both sides of Main Street. Right. So you're talking about the west and the east side of Main Street. Yes. Yes. What about restaurants? Is there is I understand there's quite a few restaurants in that area. [00:04:26.640] - Sagan Morrow Yeah. I am a huge fan of Peasant Cookery. They make a wonderful French. Seventy five. I'm I also absolutely adore Keenon Ban. Their sandwiches are wonderful. The wet and dry department above the Mitchell block on the other side of of Main Street is really wonderful. The fourth cafe and fourth bar are so glad. And I also have really enjoyed Cordova Tapas, which is, you know, a bit of a bit of a jam, I think in the exchange that a lot of people don't really think about. [00:05:01.050] - Sagan Morrow When you're thinking about Tapas Winnipeg, you often think about Segovia, which is a bright place in the village. Right. Right. Cordova is really great as well. [00:05:08.670] - Bo Kauffmann - REMAX Where are they located again? [00:05:10.490] - Sagan Morrow Cordova is on Albert Street. Okay. Yeah. Right. [00:05:15.000] - Bo Kauffmann - REMAX Yeah. You're saying it's all within walking distance and that's a good thing because I think parking a lot of people, when they think about exchange, they think about the trouble there is parking. [00:05:23.200] - Sagan Morrow Right. So everything is. Once you once you found a place or you parked your car, everything's within walking distance. Yes, absolutely. And, you know, they've also done a really great job. I was I was quite impressed when they when they added in the bike paths I was a little bit concerned. [00:05:37.720] - Sagan Morrow At first I was like, oh, no, how. How was how is this going to go? But the bike parts are absolutely wonderful in the area. They've done a really great job of separating them from the street so that it is quite safe for for people cycling. So there's a lot of different ways to to move around the area, which is great. [00:05:56.830] - Bo Kauffmann - REMAX Most people that would just say that a lot of people that live in the exchange also work in that area or or is catching a bus. Is that no problem getting transportation out into other areas of town? [00:06:08.740] - Sagan Morrow The bus system is really good. I mean, it's for her, the transit system in Winnipeg great here at the general rule. But yeah, the buses are really great. You can get to pretty much anywhere in the city very directly through the transit system. But I would I would say that a lot of people who live in the area also work somewhere close by. And I mean for myself, I work from home, which is very lovely. [00:06:35.410] - Bo Kauffmann - REMAX Right. Well, maybe tell us what you do a little bit. [00:06:37.810] - Sagan Morrow Oh, sure. I am a productivity strategist, Sipes. I teach people how to manage their time and energy effectively. And I also write novels and I do some freelance writing and editing, as I can attest to, because Sagan's been writing blog posts for me. [00:06:56.770] - Bo Kauffmann - REMAX We've been doing this for about ten years and like I said, we've never met in person. It's always been just over the phone or via email. [00:07:03.910] - Sagan Morrow Yes, it's it's incredible that we haven't, you know, at some point ran into each other. [00:07:09.160] - Bo Kauffmann - REMAX We should go for coffee sometime, but maybe when this whole thing is over. That's right. Yeah. Yes. Anything else you want to share with us about living and working in the exchange district? [00:07:20.470] - Sagan Morrow I think I just want to add that there is the exchange is a very unique part of Winnipeg and it's very special. And there are so many different aspects of it that no matter what your interests are, there is something for you in the area. I love going to see the theater at Manitoba theater center. I love going to the ballet and the opera. The Fringe is here in the summer. It was actually fantastic. I mean, the depth different festivals that take place at the Cube at old market square, really wonderful. [00:07:53.020] - Sagan Morrow There's a lot of different small art galleries in the area. And people often don't really think about that sort of side of things. But, you know, once you start wandering the streets and you start looking around at the all these beautiful historical buildings, you realize just how many of them have these wonderful. Yeah. Galleries, not kind of famous part of them. So I would absolutely say, you know, take the time to explore the exchange and and really come down and enjoy it as a as an opportunity to see a little bit and maybe a different side of the city. [00:08:27.460] - Sagan Morrow Right. Right. It's just absolutely wonderful. And I would highly encourage anyone who's, you know, thinking about living in the exchange. I've always felt very safe here. It's it's a beautiful part of town and I adore it. I would highly recommend it to anyone. [00:08:42.970] - Bo Kauffmann - REMAX Well, you certainly have a lot of passion in your voice when you talk about it. So I was quite happy to hear to hear that. So. Well, thank you very much for spending the time with me. SAGAN And I'm sure will we'll talk again and you'll be writing another blog blog post for me again in the very near future. [00:08:58.750] - Sagan Morrow Yeah. Thanks so much for having me. OK. Thank you. Sagan Bye-Bye. [00:09:02.660] - Bo Kauffmann - REMAX So as we just heard, there's a lot of stuff to do and see and restaurants to to visit in the exchange district. So I just took a quick look at the market and there are currently 14 condos available in the exchange district. Priced anywhere from two hundred thousand dollars at the low end to just a shade over five hundred thousand dollars for a nice luxury unit on waterfront drive. [00:09:24.700] - Bo Kauffmann - REMAX So if you're looking to buy a condo in Winnipeg, whether it's in the exchange just trigged Osborne Village or anywhere else, give me a shout. It's Bo Kauffmann Remax Performance Realty 204-333-2202. [00:09:36.950] - Bo Kauffmann - REMAX And hey, if you're still with me at this point, why not? Grab my free podcasting app available for AOS and Android devices. It's super easy. Just go to Winnipeg. Got tips, slash Apple or slash Android. That's Winnipeg dot TIPS slash Apple or slash android. That way you'll never miss another episode about Winnipeg real estate or both. [00:10:03.880] You've been listening to Bo Kauffmann of Remax Performance Realty. Are you thinking of buying or selling a house or a condo in Winnipeg called Bow at two zero four three three three two two zero two. Remember Bo Knows Real Estate?

Living and working in Winnipeg's Exchange District. Interview with someone who knows! 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) A few links:  Productivity & work-at-home resources (https://saganmorrow.com/resources/) Indie Author Weekly podcast (https://saganmorrow.com/podcast) @Saganlives on  Instagram (https://www.instagram.com/saganlives/)   What's Winnipeg's Exchange District like? Let's talk to somebody who lives and works there. That's coming up next. [00:00:10.100]You're listening to the Bo Knows Real Estate podcast, tips and advice for homebuyers, buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:25.860] - Bo Kauffmann - REMAXWinnipeg has a lot of fantastic neighborhoods, some well known like Osborn Village and Corydon Village, and another rapidly growing and expanding district is the Winnipeg's Exchange District. Now, some of you may know I've been publishing a blog for all going on 12 years now, and I've been publishing a podcast for about eight or 10 years. [00:00:45.270] - Bo Kauffmann - REMAXAnd a young lady by the name of Sagan Morrow has been writing articles for my blog almost from about 10 years ago. And I know she has a condo in the exchange district. So I went to her when I wanted to talk to somebody about life and work in that district. I reached out to her and she was more than willing to come on to the podcast. So by way of introduction, Sagan Morrow teaches busy, time crunched solopreneurs, how to build their own successful home based businesses without the overwhelm, through online courses and business resources at Sagan Morrow. com I'll have the links in the show notes. She specializes in productivity tips and action oriented strategic planning for multi passionate creatives. Sagan has over a decade of experience as a freelance writer and hosts the indie author weekly podcast. When she isn't teaching solopreneurs or doing freelance work for her own clients, Sagan likes to write romance novels. All right. So I'm here with Sagan, moral productivity strategist and author and Sagan that's been living in Winnipeg exchange district in a condo for quite a while. [00:01:58.440] - Sagan MorrowHow many years, Sagan? [00:01:59.940] - Sagan MorrowIt's been ten years now. [00:02:02.880] - Bo Kauffmann - REMAXAnd same place in a condo? [00:02:04.760] - Sagan MorrowYes. Yes. I bought my condo. (https://blog.winnipeghomefinder.com/buying-a-condo-infographic/) I lived. I lived in author and village briefly. And then in West Broadway. And then this is the first the first condo that I bought. It was the first place I ever even looked at when I was looking for a home. And I just fell in love with it immediately. And I bought it and I. I've been here ever since. I'm very happy here. [00:02:25.500] - Bo Kauffmann - REMAXIs it one of those, like I'm not asking for your address here, but is that one of these, like, warehouses that's been converted which what the exchange district is really known for? [00:02:34.230] - Sagan MorrowYes, that's exactly what it is. You've got like exposed brick and all that. Yeah, OK. Very nice. All right. [00:02:42.000] - Bo Kauffmann - REMAXSo you've lived in always the like he said Osborne Village and some of the other nice areas. What do you like about the exchange district? [00:02:48.630] - Sagan MorrowYou know, it's been really wonderful to live here over the past 10 years and see how much...

Why are insurance companies getting fussy about aluminum wiring in homes?  What home owners and buyers should know... 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 Bo Kauffmann 0:00 Do you currently own or are looking to buy a home which has aluminum wiring? What's the big deal? We'll talk about that next. Unknown Speaker 0:10 You're listening to the bone nose real estate podcast tips and advice for home buyers, sellers and owners with award winning REMAX Agent Bo Kauffmann. Bo Kauffmann 0:24 You've probably heard that insurance companies are paying special attention to homes which have aluminum wiring. Well, what's the problem? Really, there isn't any problem. Aluminum is still being used today in industrial and commercial application. So for example, large warehouses, office buildings, industrial complexes and everything. It's being used today by companies because it's about a third the price of copper, a ton of aluminum right now costs about 1500 dollars US while a ton of copper costs well over $5,000 us and so it was that back in the 1960s a residential home builders thought They might have a better cheaper product on their hands. So you're looking at the prices of copper in 1962, they were about 30 cents a pound. And by 1966, they had more than doubled. So homebuilders, even though for for a single home, it might only be 100 or $200 difference, but if a home builder builds 234 hundred homes a year, it can add up. So they're looking for cheaper alternatives, and they settled on aluminum. Now like I said, What's the problem with aluminum? Well, there's no problem as long as it's treated correctly and upgraded correctly. And here's what happens. Let's say you have a 1970 bungalow that was built by a builder using aluminum wiring, they would have used aluminum switches, aluminum plugs, aluminum rated light fixtures, all those things are called devices by electricians. So all the devices that would hook into that house would be rated for aluminum. Now fast forward to 1995 as an example, the current owner of the home wanted to give it an update. So new paint, new floor. And of course, we're going to update the lights and why not update the switches and wall plugs to make them look more modern. So you go to Home Depot, and you find that a copper light switch is $1, whereas an aluminum rated light switch is $8. So what most people do well, they go with the cheaper stuff. And that's when the problem comes in. You'll have aluminum wiring, hooked into copper light switch, aluminum and copper, very dissimilar metals, they will heat and cool and shrink and expand at different rates. And over the years as this happens, they'll start to work themselves loose, causing corrosion and eventual sparking and that's what causes fires. Until a few years ago, insurance companies had grandfathered these types of homes. So if you owned a home for the last 20 years, insurance companies weren't bothering you. If you went out and bought a home then a new buyer would be required by insurance companies to get an inspection, electrical inspection with a certificate to show that they All the wiring is safe and has been treated properly. The devices are the right ones. And if they're not that they're at least hooked up in a correct way. That was until recently. However, now insurance companies are even sending letters out to owners of homes that are that are known to have aluminum, asking them to get an inspection before they get the annual insurance renewal. It's important to note that different insurance companies have different standards. With some of them, it's good enough that you have an inspection and that the property devices devices are installed that they are installed properly. The connections are tight, made with the correct marettes, and done in a proper way. However, I've also heard recently of some insurance companies are recommending and even demanding that the house be rewired. Now, that's not a standard yet, but if your insurance company does demand that you can either get a different insurance company or fork out the money well what kind of money are we talking about? Well, I sold a side by side a couple of years ago that was about 903 square feet and Northcote Dornan and the buyer had to get all the devices that's plugs and switches replaced by aluminum rated ones. And there was about 40 of them in this house. So 40 light switches and, and plugs. And all the lights themselves had to be hooked up in a proper way. And that ended up costing 1500 dollars for an electrician to do that, that was just on the main floor, how to take that step further and rewire that whole house you're talking about probably 10 to $15,000. So it's significantly more but like I said, as far as I know, at this point, that's not a requirement for every insurance company and if yours does require you to do that, I would say shop around for four different insurance company to see if you can get away with just having an inspection and having it certified what kind of homes are likely to have aluminum wiring. In North Kildonan, Windsor Park, West St. James old St. Vital, homes that are built between the mid 1960s and up to about 1970- 76 are suspect in this. One home inspector tells me that aluminum wiring might have been used as late as 1980. Although I personally have not come across this, so likely 1968 to 1976. If you're in one of those areas in town, you can you can check easily pop a cover of one of the light switches or a plug and if you see a shiny silver wire, and then your home will have aluminum wiring, no need to panic, but it is one of the questions that when you're selling your home, there's a 19 question questionnaire called the property disclosure statement. And one of those questions Question number 15 asks whether you're aware that your home has aluminum wiring led plumbing or mold or radon gas etc. So if you are aware and you know that your home has aluminum wiring, you have to disclose it to the potential buyer. Now that's it for aluminum wiring. Like I said, it's not the end of the world. It is it is treatable, you can fix it and worst case scenario you have to replace the wiring but that's not the case. Yet there are there are mitigation steps you can take. In another episode I will talk about something that's a little more concerning and that is knob and tube wiring. And hey, if you're still with me at this point, why not grab my free podcasting app available for iOS and Android devices? It's super easy. Just go to Winnipeg dot tips slash Apple, four slash Android. That's Winnipeg dot t IP s slash apple or slash Android. That way you'll never miss another episode about Winnipeg, real estate or both. Unknown Speaker 6:35 You've been listening to Bo Kauffmann of REMAX performance Realty. Are you thinking of buying or selling a house or condo in Winnipeg? Cobo at 204-333-2202 remember bone knows real estate

Why are insurance companies getting concerned about aluminum wiring? What should a home owner, or a home buyer, look out for? 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) Bo Kauffmann 0:00   Do you currently own or are looking to buy a home which has aluminum wiring? What's the big deal? We'll talk about that next. Unknown Speaker 0:10   You're listening to the bone nose real estate podcast tips and advice for home buyers, sellers and owners with award winning REMAX Agent Bo Kauffmann. Bo Kauffmann 0:24   You've probably heard that insurance companies are paying special attention to homes which have aluminum wiring. Well, what's the problem? Really, there isn't any problem. Aluminum is still being used today in industrial and commercial application. So for example, large warehouses, office buildings, industrial complexes and everything. It's being used today by companies because it's about a third the price of copper, a ton of aluminum right now costs about 1500 dollars US while a ton of copper costs well over $5,000 us and so it was that back in the 1960s a residential home builders thought They might have a better cheaper product on their hands. So you're looking at the prices of copper in 1962, they were about 30 cents a pound. And by 1966, they had more than doubled. So homebuilders, even though for for a single home, it might only be 100 or $200 difference, but if a home builder builds 234 hundred homes a year, it can add up.  So they're looking for cheaper alternatives, and they settled on aluminum. Now like I said, What's the problem with aluminum? Well, there's no problem as long as it's treated correctly and upgraded correctly.  And here's what happens. Let's say you have a 1970 bungalow that was built by a builder using aluminum wiring, they would have used aluminum switches, aluminum plugs, aluminum rated light fixtures, all those things are called devices by electricians. So all the devices that would hook into that house would be rated for aluminum.  Now fast forward to 1995 as an example, the current owner of the home wanted to give it an update. So new paint, new floor. And of course, we're going to update the lights and why not update the switches and wall plugs to make them look more modern. So you go to Home Depot, and you find that a copper light switch is $1, whereas an aluminum rated light switch is $8. So what most people do well, they go with the cheaper stuff. And that's when the problem comes in.  You'll have aluminum wiring, hooked into copper light switch, aluminum and copper, very dissimilar metals, they will heat and cool and shrink and expand at different rates. And over the years as this happens, they'll start to work themselves loose, causing corrosion and eventual sparking and that's what causes fires. Until a few years ago, insurance companies had grandfathered these types of homes. So if you owned a home for the last 20 years, insurance companies weren't bothering you. If you went out and bought a home then a new buyer would be required by insurance companies to get an inspection, electrical inspection with a certificate to show that they All the wiring is safe and has been treated properly. The devices are the right ones. And if they're not that they're at least hooked up in a correct way.  That was until recently. However, now insurance companies are even sending letters out to owners of homes that are...

Looking to disinfect your car and home.  Protect from Covid-19, and other viruses and germs?  New product and service available now 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 Sanitizing homes and cars. Introducing a brand-new product and service here in Winnipeg coming up next.   You're listening to the Bo Knows real estate podcast, tips and advice for home buyers Sellers and owners with award-winning Remax Agent Bo Kauffmann.   All right, so a couple of weeks ago friend mine who is the business development manager at Eastside Collision is name is Doug McGuffin reached out to me and told me about a brand new product that they are importing or bringing into Manitoba and they hold the sport for I believe western Canada. And it's a product that helps people disinfect their cars and it can be taken a step further. So let me introduce Doug Magoffin and let's find out more about it.   All right, so I'm here with Doug  of East Side Collision and he's told me about a great new product that they got a hold of that helps sanitize, disinfect cars. Doug, tell me a little bit more about it.   Yeah, for sure Bo thanks for having me. So we came across a new product. It's called Environize natural vehicle disinfecting and sanitizing service and what this is about is it's a new way for us to clean and sanitize your vehicle prior to it coming into the shop just to ensure everyone's safety. With the recent events of what's going on nowadays, everyone's health and safety is of utmost importance. So what we've done is we've taken it upon ourselves to ensure the safety of our clients and our staff. So we're going to be sanitizing every vehicle that comes into East Side prior for repairs.   And after we return it back to the customer and what this product does it's a  fogging system that allows us to get into every nook and cranny inside a vehicle and the fogging machine will get in there with the solution our Environize solution and kill and destroy, in fact any of the harmful bacteria or viruses that may be in there. I kills everything like mold mildew, bacteria, viruses such as E coli, H1N1, covid. So everything that's out there nowadays if people are worried about this disinfectant cleaning will will take care of that.   So that's awesome. So if somebody brings in their car for Auto Pack repairs, you said you're going to do it when the car first comes in and then you can do it at the end when the car goes back to the customer as well.   Yeah, that's correct Bo. So we're going to bring it in we're going to disinfect it. It when it comes into the shop. So the safety of our of our technicians is going to be taken care of and then prior to releasing the vehicle back to the client after we've done our quality assurance test. The vehicle will be parked in our service Bay and it will be fogged One Last Time prior to us giving the vehicle back to the customer and all they do is they get in the car themself and drive it out the shop. So it is our version of a note touch service.   Now I can think of a lot of different companies and services that could benefit just from having their cars done even without Autopac repairs. So I'm thinking police vehicles, ambulance, taxis, moving vans, anything like that. Do you offer this service to somebody who is not going through an autopac claim?   Yes Bo. That's a very good question. We have had a number of people inquired about that have their own their secondary Vehicles whether or not they can have this service done. So there is a need for this and there are people that are interested in it. So for your regular passenger vehicle, it's going to be a wipe down and sanitizing fog of your interior. Vehicle and that cost is going to be 29.99  and we would ask that you would make an appointment for that service to be performed and it's just a matter of about a half an hour at the shop and you're on your way.   Tell me what number would they call to make that appointment?   You can call us at our main office number which is area code 204-237-7111, and any one of our helpful staff would be more than happy to book an appointment for you.   Is that just on the merrion street location, or is it elsewhere too    No this is available at any one of our three Facilities so we have our Marion shop at 847 for Marion Street. We have east side. truck collision which is out on Inkster in route 90 and then we also have Moray Auto Body and Glass on Moray St..   Okay, so that as exciting as that all is for cars what really gets me going is that you can offer this service to anybody who's moving into a house. Let's say for example, so let's say somebody bought a house from me and they're moving in next week. I could hire you to do this service for the house.   That is correct. So again, it would be the exact same application with the fogging machine. We come perform a general wipe down of any of the high touch areas such as your door knobs your light switches anything in the house that that you're touching on a regular basis and you may leave oil off your hands and your fingers the bacteria and viruses get trapped in that so just to take it a step further we wiped out on those high traffic areas and then it's just a matter of walking through the house with are fogging machine. And again, it gets into every nook and cranny and kills all the bad stuff that you don't want your house.   Okay, so you create a fog inside the house it settles and kills germs and viruses on contact is that what I understand?   Yes, that's correct.  The product is made up of chlorine, sodium and water and it's a very low dosages. It is approved by Health Canada. So there is a drug and identification number along with it as well. And again, it settles just like a fine do in the morning that you would see on your vehicle. It leaves no residue and you may smell a faint smell of a pool smell for 10 minutes or so on green. Yep. Chlorine spell yeah, right.   Awesome. That's that's really exciting. So REALTORS can just give you a call at that same number, and offer this as a service.   That's correct.   Well, okay so as dismissed settles that doesn't matter whether it's carpet or hardwood floors or linoleum on the floor. Does that matter?   No, it doesn't matter. We just try to keep it away from any electronic surfaces, of course because it is a wet application, right? But other than that it you would see no residue, it's really best to do when the house is empty when like just before you move your furniture and kind of thing problem. Yeah, it would be it would be a little bit more difficult to get in all the different areas if the house was full of furniture, but it would be best to apply it, you know in an empty house.   That sounds really exciting. Well, thank you very much Doug and I appreciate the time. No problem. Go have a great day. And thanks for having me you to take care Buddy .   All right, that was very exciting news. And so I'm now going to match it with this exciting offer if you're going to buy a house or a condo and use me as your agent and the house or condo is worth $200,000 or more. I will offer this service free of charge on The Possession data so that you know, you're going to be moving into a clean sanitized disinfect that house now keep in mind that the house itself won't be necessary cleaned, but all the germs on the viruses will be taken care of when you move in. So who do you know is looking to buy house or a condo April May and June because I Run this forever. I'm going to be having the service offered to you and performed for you on possession date remind me when you buy a house with me remind me of this offer that you heard it here. And I think this is a very exciting development for houses and for cars and hey, if you're still with me at this point, why not grab my free podcasting app available for IOS and Android devices. It's super easy. Just go to Winnipeg   dot tips / apple / or so. Android that's Winnipeg dot t-- / IPS apple or / Android that way you'll never miss another episode about Winnipeg real estate or both. You've been listening to Bow Kaufman of RE/MAX performance Realty. Are you thinking of buying or selling house or a condo in Winnipeg? Call Bo at 204-333-2202 Remember bo knows real estate.

Want to sanitize and disinfect your car and home against Covid-19, SARS, H1N1 as well as germs? Here is a new product and service that will help do that. 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Sanitizing homes and cars. Introducing a brand-new product and service here in Winnipeg coming up next. You're listening to the Bo Knows real estate podcast, tips and advice for home buyers Sellers and owners with award-winning Remax Agent Bo Kauffmann. All right, so a couple of weeks ago friend mine who is the business development manager at Eastside Collision is name is Doug McGuffin reached out to me and told me about a brand new product that they are importing or bringing into Manitoba and they hold the sport for I believe western Canada. And it's a product that helps people disinfect their cars and it can be taken a step further. So let me introduce Doug Magoffin and let's find out more about it. All right, so I'm here with Doug of East Side Collision and he's told me about a great new product that they got a hold of that helps sanitize, disinfect cars. Doug, tell me a little bit more about it. Yeah, for sure Bo thanks for having me. So we came across a new product. It's called Environize natural vehicle disinfecting and sanitizing service and what this is about is it's a new way for us to clean and sanitize your vehicle prior to it coming into the shop just to ensure everyone's safety. With the recent events of what's going on nowadays, everyone's health and safety is of utmost importance. So what we've done is we've taken it upon ourselves to ensure the safety of our clients and our staff. So we're going to be sanitizing every vehicle that comes into East Side prior for repairs. And after we return it back to the customer and what this product does it's a fogging system that allows us to get into every nook and cranny inside a vehicle and the fogging machine will get in there with the solution our Environize solution and kill and destroy, in fact any of the harmful bacteria or viruses that may be in there. I kills everything like mold mildew, bacteria, viruses such as E coli, H1N1, covid. So everything that's out there nowadays if people are worried about this disinfectant cleaning will will take care of that. So that's awesome. So if somebody brings in their car for Auto Pack repairs, you said you're going to do it when the car first comes in and then you can do it at the end when the car goes back to the customer as well. Yeah, that's correct Bo. So we're going to bring it in we're going to disinfect it. It when it comes into the shop. So the safety of our of our technicians is going to be taken care of and then prior to releasing the vehicle back to the client after we've done our quality assurance test. The vehicle will be parked in our service Bay and it will be fogged One Last Time prior to us giving the vehicle back to the customer and all they do is they get in the car themself and drive it out the shop. So it is our version of a note touch service. Now I can think of a lot of different companies and services that could benefit just from having their cars done even without Autopac repairs. So I'm thinking police vehicles, ambulance, taxis, moving vans, anything like that. Do you offer this service to somebody who is not going through an autopac claim? Yes Bo. That's a very good question. We have had a number of people inquired about that have their own their secondary Vehicles whether or not they can have this service done. So there is a need for this and there are people that are...

Is now a good time to buy or sell a condo on Wellington Cr.? 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Condos on Wellington Crescent is now a good time to buy or sell one. Let's find out. You're listening to the Bo Knows real estate podcast tips and advice for home buyers Sellers and owners with award-winning Remax Agent Bow Kaufman. I've been producing Winnipeg real estate market updates for many years. It's a great way to see what's going on in our city. But real estate is even more local than that. Each neighborhood can have their own unique market conditions. So if you're curious about your area and Winnipeg email me at Bono's Homes at gmail.com, and I'll create a special report just for you. Alright, so the Wellington Crescent area is known for a lot of things very beautiful eclectic. Nice area great for walking, but one of the things its known for is its variety of condos and you have condos ranging from the mid 100's all the way up to the million-dollar plus so let's take a look at what that market looks like now and that's April 22nd 2020. There are currently twenty two condos available on Wellington Crescent three between a hundred and two hundred thousand eight of them between two and three hundred thousand six between three and four hundred thousand to between four and five hundred thousand. And then it jumps up to the six to seven hundred thousand dollar range. There are two there and one is just shy of $900,000 now next. We normally look at how many have sold in the past two weeks and how many are currently pending sale? Well now there are no pending sales and none of them have sold in the past two weeks. So we jump to the Past 31 days where we see that two condos have sold in the past month one between two and three hundred and one between three and four hundred both of them sold the Under asking price to less than full asking price, which is not unusual for condos. If we want to know whether or not the coronavirus has an impact on the market. We need to compare this time period to the same time period over the past couple of years and here we see that in the past 31 days as I said with sold to condos on Wellington Crescent while last year the same time period we sold for however the year before that we only sold one and in 2017 again we sold for so in this market does not appear to be a huge impact being made by the current conditions. So to answer the question is now a good time to buy a condo or Winnipeg in general has been a great buyers market for condos for the past few years certainly that holds true for welding and Crescent as well with 22 listings price between the mid hundred and seventy thousand dollar range all the way up to just shy of 900,000. There is a lot of condos out there just looking for buyers. So if you're looking to buy a condo where there's on Wellington Crescent or anywhere in the city, give me a shout. It spoke. Man Remax Performance Tool for triple 3 2 2 and hey, if you're still with me at this point, why not grab my free podcasting app available for IOS and Android devices? It's super easy. Just go to Winnipeg dot tips / apple / or Android that's Winnipeg dot t-- I PS / apple or / Android that way you'll never miss another episode about Winnipeg real estate or both. You've been listening to Bo Kauffmann of RE/MAX performance Realty. Are you thinking of buying or selling house or a condo in Winnipeg? Call Bo at 204-333-2202 To Remember bone knows real estate. Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber)

Looking at the market for condos on Wellington Cr in Winnipeg.  Is now a good time to buy or sell one? 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 Condos on Wellington Crescent is now a good time to buy or sell one. Let's find out. You're listening to the Bo Knows real estate podcast tips and advice for home buyers Sellers and owners with award-winning Remax Agent Bow Kaufman. I've been producing Winnipeg real estate market updates for many years. It's a great way to see what's going on in our city. But real estate is even more local than that. Each neighborhood can have their own unique market conditions. So if you're curious about your area and Winnipeg email me at Bono's Homes at gmail.com, and I'll create a special report just for you. Alright, so the Wellington Crescent area is known for a lot of things very beautiful eclectic. Nice area great for walking, but one  of the things its known  for is its variety of condos and you have condos ranging from the mid 100's all the way up to the million-dollar plus so let's take a look at what that market looks like now and that's April 22nd 2020.   There are currently twenty two condos available on Wellington Crescent three between a hundred and two hundred thousand eight of them between two and three hundred thousand six between three and four hundred thousand to between four and five hundred thousand. And then it jumps up to the six to seven hundred thousand dollar range. There are two there and one is just shy of $900,000 now next. We normally look at how many have sold in the past two weeks and how many are currently pending sale? Well now there are no pending sales and none of them have sold in the past two weeks. So we jump to the Past 31 days   where we see that two condos have sold in the past month one between two and three hundred and one between three and four hundred both of them sold the Under asking price to less than full asking price, which is not unusual for condos. If we want to know whether or not the coronavirus has an impact on the market. We need to compare this time period to the same time period over the past couple of years and here we see that in the past 31 days as I said with sold to condos on Wellington Crescent while last year the same time period we sold for however the year before that we only sold one and in 2017 again we sold for so in this market does not appear to be a huge impact being made by the current conditions. So to answer the question is now a good time to buy a condo or Winnipeg in general has been a great buyers market for condos for the past few years certainly   that holds true for welding and Crescent as well with 22 listings price between the mid hundred and seventy thousand dollar range all the way up to just shy of 900,000. There is a lot of condos out there just looking for buyers. So if you're looking to buy a condo where there's on Wellington Crescent or anywhere in the city, give me a shout. It spoke. Man Remax Performance Tool for triple 3 2 2 and hey, if you're still with me at this point, why not grab my free podcasting app available for IOS and Android devices? It's super easy. Just go to Winnipeg dot tips / apple / or Android that's Winnipeg dot t-- I PS / apple or / Android that way you'll never miss another episode about Winnipeg real estate or both. You've been listening to Bo Kauffmann of RE/MAX performance Realty.   Are you thinking of buying or selling house or a condo in Winnipeg? Call Bo at 204-333-2202 To Remember bone knows real estate.

Thinking of buying a home with hardwood floors? Here are a couple of tips on how to check for hardwoods, and a funny real estate story. 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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Check my (https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber) [00:00:00] Hardwood floors, 3 tips and one funny story coming up. [00:00:03][3.1] [00:00:07] You're listening to the Bo Knows Real Estate Podcast tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:17][9.9] [00:00:22] OK. So today we're going to talk about hardwood floors for a number of reasons. They've become really popular again. Some people think that they're just cleaner. They trap less allergens and dirt than carpets. Some people feel that a nicely finished floor adds a lot of warmth and color to the room and to the house adds a lot of class. For whatever reason, hardwood floors are a sought after feature in a house. [00:00:43][21.7] [00:00:44] So I can tell you that a house built between the nineteen hundreds and up to the late 1960s, it's quite possible that that house was built with hardwood floors originally. I can also tell you that in the 1970s something changed. Builders either got cheaper, maybe hardwood floors got too expensive, but the Qualicos, Flair's, Greentrees and engineered Homes of the 1970s and onwards did not include hardwood floors unless they were a custom built or especially requested by the buyer. Now, remember that fact because there will be a test at the end not saying 100 percent for sure that that question will be on it, but it would be a good one to remember. Wink-wink. [00:01:20][36.0] [00:01:21] If you're looking at something in River Heights built in the 40s and 50s, odds are that there is hardwood floors under those carpets. But how can you tell if the carpets are on there? Now keep in mind you're the buyer. That's not your house yet. You can't just peel back the carpet and damage stuff for the seller. So how can you tell? Well, there's a couple of really neat little tricks that you can use. [00:01:42][20.5] [00:01:43] The first one would be to look inside the closets. So go in the hallway, open a hallway closet. Again, odds are that if they laid carpet, they might not have laid it on the floor in the closet. So if you look at the floor in the closet and it's hardwood floors, well, then the chances are most likely that the hallway is also hardwood floors underneath that carpet. Just because you found carpet in one spot doesn't mean it's everywhere. So quite often they've had the living room, dining room and hallway done in hardwoods. [00:02:11][28.7] [00:02:12] But the bedrooms might be another story. So you have to look in the closets of each bedroom as well. And if you find it inside the master bedroom, make sure you check the second and third bedroom, because I just listed a house in the west end of West St. James, almost near the perimeter where the hardwoods are in the master bedroom. But the second and third bedroom are actually tiled floors. So what do you do if you can't find hardwoods in the closets? [00:02:35][23.3] [00:02:36] Well, another neat little trick is to lift the heat register, the floor heat register. So you lift that piece of metal out, that little diffuser plate and then you can lift the edge of the carpet and tell whether there's hardwoods or just plywood under there. [00:02:50][13.5] [00:02:50] So here's another tip. If you're looking at a two story home, or a story and a half. Whatever the configuration is, if it has...

Thinking of buying a home with hardwood floors?  Here are a couple of tips on how to check for them, and a funny story as well. 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] Hardwood floors, 3 tips and one funny story coming up. [00:00:03][3.1] [00:00:07] You're listening to the Bo Knows Real Estate Podcast tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:17][9.9] [00:00:22] OK. So today we're going to talk about hardwood floors for a number of reasons. They've become really popular again. Some people think that they're just cleaner. They trap less allergens and dirt than carpets. Some people feel that a nicely finished floor adds a lot of warmth and color to the room and to the house adds a lot of class. For whatever reason, hardwood floors are a sought after feature in a house. [00:00:43][21.7] [00:00:44] So I can tell you that a house built between the nineteen hundreds and up to the late 1960s, it's quite possible that that house was built with hardwood floors originally. I can also tell you that in the 1970s something changed. Builders either got cheaper, maybe hardwood floors got too expensive, but the Qualicos, Flair's, Greentrees and engineered Homes of the 1970s and onwards did not include hardwood floors unless they were a custom built or especially requested by the buyer. Now, remember that fact because there will be a test at the end not saying 100 percent for sure that that question will be on it, but it would be a good one to remember. Wink-wink. [00:01:20][36.0] [00:01:21] If you're looking at something in River Heights built in the 40s and 50s, odds are that there is hardwood floors under those carpets. But how can you tell if the carpets are on there? Now keep in mind you're the buyer. That's not your house yet. You can't just peel back the carpet and damage stuff for the seller. So how can you tell? Well, there's a couple of really neat little tricks that you can use. [00:01:42][20.5] [00:01:43] The first one would be to look inside the closets. So go in the hallway, open a hallway closet. Again, odds are that if they laid carpet, they might not have laid it on the floor in the closet. So if you look at the floor in the closet and it's hardwood floors, well, then the chances are most likely that the hallway is also hardwood floors underneath that carpet. Just because you found carpet in one spot doesn't mean it's everywhere. So quite often they've had the living room, dining room and hallway done in hardwoods. [00:02:11][28.7] [00:02:12] But the bedrooms might be another story. So you have to look in the closets of each bedroom as well. And if you find it inside the master bedroom, make sure you check the second and third bedroom, because I just listed a house in the west end of West St. James, almost near the perimeter where the hardwoods are in the master bedroom. But the second and third bedroom are actually tiled floors. So what do you do if you can't find hardwoods in the closets? [00:02:35][23.3] [00:02:36] Well, another neat little trick is to lift the heat register, the floor heat register. So you lift that piece of metal out, that little diffuser plate and then you can lift the edge of the carpet and tell whether there's hardwoods or just plywood under there. [00:02:50][13.5] [00:02:50] So here's another tip. If you're looking at a two story home, or a story and a half. Whatever the configuration is, if it has a second floor, just because he found hardwoods on the main floor, it does not mean there's hardwoods on the second floor. In fact, quite often there is not. Quite often the second floor is covered either in vinyl, in tiles or they used fur or even pine. That might be wood, but it doesn't have the nice grain that you're looking for. Most of the hardwoods are either oak or maple. So but if you have a house built in the 1920s and 1930s, the upstairs probably does not have hardwood floors unless an owner subsequently added it. [00:03:28][37.7] [00:03:28] And one more tip. So you're walking into a house that's built in 1945 and the current owner has taken it upon himself to rip the carpets out, just to show you that there's hardwoods under there. That's kind of a neat little, little trick. It's not a trick, but it's a neat little thing to do. If you're selling the house and you want to show the prospective buyer that there is hardwoods on the floors. Now you walk through it and you see all these black stains, which quite often are water damage. And if if a black round stain appears in the middle of the living room or near one of the interior walls, it's probably a place where somebody had a plant sitting for many years. And as they were watering it, the water leaked and damaged the floor underneath it. That's fixable. [00:04:10][41.6] [00:04:11] But as you walking through the house, you see that it definitely does have hardwood floors. But they're in really rough shape. Maybe they got some deep gouges in it from a previous owners dogs that the claws have torn it up or just wear and tear away or marks, you know, like I said, those stains. So a common expression is, oh, yeah, you can easily refinish these for a couple of bucks a square foot. Well, not so fast. There is a finite number of times that you can finish refinish hardwood floors. So if this house was built in the 20s, then it was refinished in the 50s and then again in the 80s. Those hardwood floors are getting mighty thin because each time you refinished them, you send off an eighth or even three sixteenth of an inch off the top. [00:04:51][40.3] [00:04:52] So if you're looking at floors now that have been refinished twice already and they've got deep gouges in them, you may or may not be able to refinished them. All I'm saying is that when you go into the situation, don't automatically assume that you can bring those hardwoods back to their original shine. You may not just be aware of that possibility. Now, when I come back, when I have a funny story to share with you regarding hardwood floors. [00:05:14][22.1] [00:05:17] You're listening to Bo Kauffmann of RE/MAX performance realty. If you were enjoying the show, please subscribe so that you never miss an episode. Bell knows real estate. [00:05:27][9.7] [00:05:33] All right, so going back a few years, I had a couple looking for a house in Old St. Vital. Came across this listing that was about a 1978 built house. [00:05:43][9.5] [00:05:43] So here's the pop quiz member. I said earlier, there's gonna be a quiz. Well, here it is. If the house is built in the late 70s, what is it likely not to have? And if you said hardwood floors, you'd be right. Give yourself a pat on the back. [00:05:56][12.5] [00:05:57] But we walk into this house and it's got a gorgeous big living room. It's gotta be 14 by 18 feet. And the most beautiful hardwood floors you ever saw. The center of the room is covered by this big, beautiful Oriental rug. So as we're looking through the house, it became obvious that the house is not to my client's liking for a couple of different reasons. And anyway, they told me that they're not going to be putting an offer in on it. So just for giggles, I lifted the Oriental rug and I was stunned by what I found. And I called them over and showed them what's underneath the rug. They were really surprised. But like I said, they weren't interested in the house anyway. So we moved on. So I went back to the office and bumped into an agent who was quite excited because his buyers were going to put an offer on this house, one of about six or eight at the time. [00:06:41][43.4] [00:06:42] So I said to him, did you lift the Oriental rug. And he says, no, what are you talking about? I said, you know, that beautiful rug in the middle of the living room. Did you lift it to see what's underneath it? And he hadn't. So I told him what I found in his face kind of went white. He rushed off to the phone to tell his buyers and alert them to the fact. [00:06:58][16.1] [00:06:58] So what happened is the current owner installed some really beautiful hardwood floors. But this Oriental rug, that's about 10 x 12 feet. Hundred and twenty square feet. It was always going to be a centerpiece of the room as far as he was concerned. So why waste by twelve hundred dollars of hardwood if you're going to cover it up anyway? So underneath the oriental rug was just plywood, plain plywood sheets. [00:07:22][23.5] [00:07:23] So I challenge you to the next time you go into looking at a house that has a big oriental rug. I challenge you, knowing this story, not to lift that rug. I bet you can't do it. You're gonna remember the story that Bo told you. So I hope you enjoyed the story. [00:07:36][13.3] [00:07:36] And if you're still with me, why not download my free podcasting app available for ISIS and Android devices? It's pretty simple. Just go to Winnipeg, dot tips, slash Apple or slash Android. That's Winnipeg dot t I.P.S. Slash Apple or slash android. That way you'll never miss another episode about Winnipeg. Who will astate or both? [00:07:57][21.0] [00:08:01] You've been listening to Bo Kauffmann of RE/MAX performance realty, are you thinking of buying or selling a house or a condo in Winnipeg called WBO at 2 0 4 3 3 3 2 2 0 2? Remember, Bo knows real estate. [00:08:01][0.0] [447.4]

When buying a house or condo, should you take the mortgage insurance offered by your lender, or should you opt for life insurance instead? Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:00] Mortgage insurance or life insurance? What's the difference? Let's find out right now. [00:00:04][4.1] [00:00:08] You're listening to the Bo Knows Real Estate Podcast tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:18][10.2] [00:00:23] Today, we'll look at the difference between mortgage insurance and life insurance. This has nothing to do with the property itself. Property insurance or CMHC kind of mortgage and housing. If you're buying a house and putting less than 20 percent down, you need to get CMHC. That's not what we're talking about. What we're talking about today is a bank offering product called mortgage insurance. And how does it compare to a personal or a life insurance? Let's let's discuss. [00:00:50][26.3] [00:00:51] All right. So I'm here with Thomas Johnson, financial adviser for Cascade Financial. And we're going to discuss the differences between mortgage insurance and what I call life insurance. He calls it personal insurance. So here we go. Thomas, welcome. [00:01:03][12.6] [00:01:04] Thank you Bo. [00:01:04][0.3] [00:01:05] OK. So why don't you tell us a little bit about what a mortgage insurance is? [00:01:08][3.8] [00:01:09] More insurance really is at its core, it's always a life insurance policy. And then there's usually one extra insurance type that you can add onto it that needed disability insurance. Critical illness or loss of employment. It's the kind of thing that comes standard when you go into a bank or when you deal with a mortgage broker. It's a requirement. It's something they have to offer to you as part of the lending deal. Just because the federal government realizes the importance of having mortgages insured against death, disability or illness. So that's what mortgage insurance is in a nutshell. [00:01:41][31.9] [00:01:42] So they have to offer it. But the consumer, the homeowner does not have to buy it? [00:01:46][4.0] [00:01:46] No, it is 100 percent electable, and that's a common misconception. A lot of people think they have to take the insurance to get the get the mortgage. But it is 100 percent elective and you still have to apply and qualify. [00:01:58][11.8] [00:01:59] So what are some of the advantages of using mortgage insurance? [00:02:01][2.3] [00:02:02] Really, there's only two that I can think of. The first thing is that it's simple and easy to apply for because you're already at a desk. You are already there with your mortgage broker and a banker. The papers are right in front of you and it doesn't require separate meeting. Somebody like me makes it easy. And then also it's easier to apply for. And I ask, is that just because they only asked a handful of questions, you may face three, four or five questions, basically. Are you a smoker? Yes or no? And are you suffering any serious health problems? Yes or no? And if you answer no to the second one, then will you get a policy in your hands? But the actress will talk about in a little bit. It doesn't necessarily mean that you are going to be covered. [00:02:41][39.0] [00:02:42] Right. And actually, we'll get right into that right now, because that's one of the drawbacks of the mortgage insurance, as I understand it. [00:02:48][5.5] [00:02:48] Absolutely. There's there's a number of drawbacks. The biggest one and the big killer for me is really that you are often not insured or guaranteed to be insured simply because the...

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. These closing costs must be paid by the buyer of a house or condo.  They include things like Legal Fees Land Titles Costs Property Taxes Home Insurance Costs These fees can not be lumped into the mortgage but must be paid at the time of possession, by the buyer.   When buying a house or condo, what and how much are closing costs? We'll look at that next. You're listening to the Bo Knows Real Estate Podcast tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. So in this episode, I want to take a look at what the additional costs are when buying a house or condo. And what we're going to see that it doesn't really matter whether it's a house or a condo. The costs are virtually identical with just the one main exception. And these are also the costs that a buyer has to come up with in the form of cash. They cannot be lumped into the mortgage or in the form of a loan. You could have an overdraft in your checking account that you used to pay for these, but basically you have to come up with that money at the time of possession. So we're not talking about CMHC fees. Those can be lumped into the purchase price. So, for example, a 300,000 dollar house fee putting five percent down your mortgage, you would expect it to be 285,000. That's three hundred minus 5% leaves two hundred eighty five thousand. However, with CMHC fees, you're going to quickly find that your mortgage is actually in the low to ninety two, ninety three, something like that. So we're not talking about those costs, we're talking about the additional costs you have to come up with at the time of possession. And they are basically four different things. First one is legal fees. We're going to talk about land titles, transfer tax. We will talk about property tax and home insurance. Now, there are other things like a mortgage insurance, which is optional. There's moving costs if you choose to do those. But those first four are pretty much mandatory. You have to have home insurance. You have to pay the taxes, the legal fees and the property taxes as well. So let's take a look at legal fees first. If you Google legal services. I'm sure you're going to find lawyers advertising, you know, a 399, 499 to buy a house. But there's fine print involved in all of those. And that is plus disbursements. And it's those disbursements that are really going to add up. What are disbursements? Anything from office fees, secretarial fees, photocopying rubber bands and staples all the way up to registering the mortgage on the title, which is usually about $200 and getting title insurance. Highly recommended. And that's about 250 to 300 dollars. So by the time it's all said and done, a buyer should budget between 12 and 15 hundred dollars for legal fees when buying a house or a condo to air on the side of caution. I would even advise to budget around fifteen hundred dollars. The next thing is the dreaded land titles transfer tax. And I used to think that Manitoba was the worst in Canada, but I recently talked to somebody who's moving to British Columbia and their rates are pretty much the same. So this these rates were set many decades ago and that's why you have things like or the first thirty thousand dollars are free, while $30,000 might have bought a house in the late 60s or mid 70s even, but certainly not today. So as a baseline, let me tell you that a 200,000 dollar house costs $1,720. This is a one time payment, and every dollar above two hundred thousand will cost you two percent. So two hundred thousand is seventeen twenty three hundred thousand dollar house will cost you $3,720 three hundred and fifty thousand dollar house will cost you $4,720. So basically every fifty thousand above that is another thousand dollars. It adds up quickly, especially if you're buying like a half million dollar house and you're you're talking about quite a significant amount of money that you have to come up with on possession date. Next is the property tax. And that's really a little bit more difficult to put in because it really depends on when you take possession. Pretty much worst case scenario is if you take possession halfway through the year, you'll have to pay half the year's property taxes. If you take possession earlier in the year, well before June, you're going to get a rebate or a refund from the current seller, but then you have to pay the full year's taxes in June. But you you have that money back that the seller gave you. So at least you have some assistance there. And if you take possession and let's say September, you're you basically only have to pay three months or four months that you're going to be living in the house. So this really depends on what the yearly rate is for the house, the neighborhood, et cetera, et cetera. It's safe to say that it's going to be several thousand dollars in most likelihood. So the three things that we've talked about thus far is the legal fees, the land titles transfer tax and the property tax. And it's interesting to see that all of those are pretty much identical for houses and condos, land titles, fee doesn't matter whether you're buying a house or a condo. Property tax rates in Winnipeg are exactly the same for a house and a condo. The mill rate and all that kind of stuff is calculated to the. Value in everything else, so condos are rated the same rate as a house. And same with legal fees in most cases, unless there might be some minor differences. But they're pretty much the same between a house and a condo. Where there is a difference is in home insurance. Home insurance in Winnipeg. Again, depends on the value of the house and the neighborhood. If if you're buying in a somewhat depressed or rougher neighborhood, rates might be a little higher. Also, if you're buying a really old house. Rates. Surprisingly, me by might be a little higher depending on the electrical service you have, the type of plumbing you have, etc. But you definitely got to set aside between a granddad. Fifteen hundred dollars for your average house insurance. Where that differs from condo is your condominium building is already insured as part of the condo fees that you pay every month. So you don't have to insure your building. You just have to insure your contents. What's called a content upgrade insurance for your condominium. Depending on whether it's a townhouse or or a high rise, your costs are likely to be around two hundred and fifty dollars a year as opposed to a thousand. So when you add all these costs up, banks usually tell the buyer to have between 2 two and a half percent, maybe even as much as 3 percent of the cost of the house is going to be your closing costs. So if you're buying a $300000 house, make sure you have at least six thousand dollars to cover the closing costs. Now there are some optional fees. One of them is, course, called mortgage insurance. Have a separate episode talking about that, the difference between mortgage insurance and life insurance. This is definitely optional. A bank has to offer you mortgage insurance, which is basically a form of life insurance that if you pass away, the mortgage gets paid off. Sounds like a really good thing, but there are a multitude of reasons why life insurance is actually preferred. Better, cheaper and know it's a better option than mortgage insurance. The other the other thing that you might consider is hiring a moving company to help you move depending on how old you are and how much stuff you got and how energetic you ha moving companies will cost you another depending on the size of the house. You could be another thousand dollars or so. So I hope this was helpful. These are the closing costs when buying a house or a condo. Not just in Winnipeg, but these were specific to Winnipeg costs. And if you found this helpful, next time you were looking to buy or sell a house. Give me a shout. And hey, if you're still with me at this point. Why not grab my free podcasting app available for ISIS and Android device? It's super easy. Just go to Winnipeg. Got tips? Slash Apple or slash Android. That's Winnipeg. Dot t I.P.S. Slash Apple or slash android. That way you'll never miss another episode about Winnipeg real estate or both. You've been listening to Bo Kauffmann of RE/MAX performance realty, are you thinking of buying or selling a house or a condo in Winnipeg called WBO at 2 0 4 3 3 3 2 2 0 2? Remember, Bo knows real estate.

In addition to the mortgage, and down payments, anyone buying a house or a condo will need to come up with 'Closing Costs'. These include legal fees, Land Titles Taxes, Property Taxes and Home Insurance costs, in addition to possibly others. Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:00] When buying a house or condo, what and how much are closing costs? We'll look at that next. [00:00:05][5.4] [00:00:09] You're listening to the Bo Knows Real Estate Podcast tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:19][9.9] [00:00:25] So in this episode, I want to take a look at what the additional costs are when buying a house or condo. And what we're going to see that it doesn't really matter whether it's a house or a condo. The costs are virtually identical with just the one main exception. And these are also the costs that a buyer has to come up with in the form of cash. They cannot be lumped into the mortgage or in the form of a loan. You could have an overdraft in your checking account that you used to pay for these, but basically you have to come up with that money at the time of possession. [00:00:56][31.5] [00:00:57] So we're not talking about CMHC fees. Those can be lumped into the purchase price. So, for example, a 300,000 dollar house fee putting five percent down your mortgage, you would expect it to be 285,000. That's three hundred minus 5% leaves two hundred eighty five thousand. However, with CMHC fees, you're going to quickly find that your mortgage is actually in the low to ninety two, ninety three, something like that. So we're not talking about those costs, we're talking about the additional costs you have to come up with at the time of possession. [00:01:28][31.0] [00:01:29] And they are basically four different things. First one is legal fees. We're going to talk about land titles, transfer tax. We will talk about property tax and home insurance. Now, there are other things like a mortgage insurance, which is optional. There's moving costs if you choose to do those. But those first four are pretty much mandatory. You have to have home insurance. You have to pay the taxes, the legal fees and the property taxes as well. [00:01:57][28.0] [00:01:58] So let's take a look at legal fees first. If you Google legal services. I'm sure you're going to find lawyers advertising, you know, a 399, 499 to buy a house. But there's fine print involved in all of those. And that is plus disbursements. And it's those disbursements that are really going to add up. What are disbursements? [00:02:18][20.0] [00:02:19] Anything from office fees, secretarial fees, photocopying rubber bands and staples all the way up to registering the mortgage on the title, which is usually about $200 and getting title insurance. Highly recommended. And that's about 250 to 300 dollars. So by the time it's all said and done, a buyer should budget between 12 and 15 hundred dollars for legal fees when buying a house or a condo to air on the side of caution. I would even advise to budget around fifteen hundred dollars. [00:02:53][33.9] [00:02:56] The next thing is the dreaded land titles transfer tax. And I used to think that Manitoba was the worst in Canada, but I recently talked to somebody who's moving to British Columbia and their rates are pretty much the same. So this these rates were set many decades ago and that's why you have things like or the first thirty thousand dollars are free, while $30,000 might have bought a house in the late 60s or mid 70s even, but certainly not today. So as a baseline, let me tell you that a 200,000 dollar house costs $1,720....

You bought a home and it burns down just before you take possession. You dont have to go thru with the deal, do you? Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:00] You buy a house and it burns down before you take possession. You don't have to go through with it, do you? [00:00:04][4.7] [00:00:09] You're listening to the Bo Knows Real Estate Podcast tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:18][9.9] [00:00:23] I love law and I love history. And in Canada, our law has been based on British common law, which is something that has evolved over the centuries, literally over hundreds and hundreds of years. So I learned about this case a few years ago and I wanted to share it with you. I found it to be very interesting. So the story goes that in the mid 1500's, a home purchase took place in England and it resulted in a court case and ruling, which still impacts us today. Now, the names and the dates have been changed to protect the innocent, even though nobody from that time is still around. But the underlying facts are true. So let's go back in time and see what happened. [00:00:57][33.6] [00:01:00] It was a sunny day, March 30th in the year of our Lord, 1546. A buyer, Richard Smith, was viewing a gorgeous homestead in Upper Uxton, being sold by the longtime owner, William White. Mr. Smith was quite impressed and decided to make an offer. [00:01:16][15.6] [00:01:17] "I offer the total sum of a hundred gold coins and I would like to move into this home, on May the 15th, in the year of our Lord 1546". [00:01:24][6.7] [00:01:26] "I accept your offer. Let's put it in writing". [00:01:28][1.8] [00:01:28] And so the customary contract was drawn up with payment to come on the date of possession. On May 15th, the buyer arrived at his new home to find, to his horror that the place had burned down a week earlier, as a result of a freak lightning strike. As one might expect, the buyer was not happy and tracked down the Seller at his new home. [00:01:48][19.5] [00:01:55] "How can I help you?". [00:01:56][0.6] [00:01:57] "The place is burned to the ground on I'll not be concluding our purchase. You can keep your charred pile of rubble". [00:02:03][5.8] [00:02:04] "We'll see about that. I'm taking this to court.". [00:02:06][2.0] [00:02:06] The case went before the courts and the resulting ruling was a bit of a surprise to the buyer. "This court rules that are legally binding agreement was made on March 30th in the year of our Lord 1546, with the acceptance by the seller. And on that date the buyer became the new owner of the home. The sellers role switched from that of an owner to that of a caretaker of the property. It was the seller's responsibility to maintain the property to his best ability. However, a lightning strike cannot be prevented. Therefore, the buyer must conclude the transaction and pay the seller the agreed upon sum of money. [00:02:40][34.0] [00:02:41] And we're back in the present day. And remember how I said that our laws today are based on these old English court rulings? Well, the underlying reasoning for what we just heard still holds true today. A buyer becomes the actual owner of the property, the minute all conditions of the offer are satisfied. The buyer might not take possession for several weeks, but they are the owner and the seller becomes a caretaker of sorts. So how do we protect today's buyer from the taper scenario we just heard? I'll have the answer right after this. [00:03:08][26.9] [00:03:11] You're listening to Bo Kauffmann of RE/MAX performance realty. If you were enjoying the...

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. [00:00:00] You buy a house and it burns down before you take possession. You don't have to go through with it, do you? [00:00:04][4.7] [00:00:09] You're listening to the Bo Knows Real Estate Podcast tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:18][9.9] [00:00:23] I love law and I love history. And in Canada, our law has been based on British common law, which is something that has evolved over the centuries, literally over hundreds and hundreds of years. So I learned about this case a few years ago and I wanted to share it with you. I found it to be very interesting. So the story goes that in the mid 1500's, a home purchase took place in England and it resulted in a court case and ruling, which still impacts us today. Now, the names and the dates have been changed to protect the innocent, even though nobody from that time is still around. But the underlying facts are true. So let's go back in time and see what happened. [00:00:57][33.6] [00:01:00] It was a sunny day, March 30th in the year of our Lord, 1546. A buyer, Richard Smith, was viewing a gorgeous homestead in Upper Uxton, being sold by the longtime owner, William White. Mr. Smith was quite impressed and decided to make an offer. [00:01:16][15.6] [00:01:17] "I offer the total sum of a hundred gold coins and I would like to move into this home, on May the 15th, in the year of our Lord 1546". [00:01:24][6.7] [00:01:26] "I accept your offer. Let's put it in writing". [00:01:28][1.8] [00:01:28] And so the customary contract was drawn up with payment to come on the date of possession. On May 15th, the buyer arrived at his new home to find, to his horror that the place had burned down a week earlier, as a result of a freak lightning strike. As one might expect, the buyer was not happy and tracked down the Seller at his new home. [00:01:48][19.5] [00:01:55] "How can I help you?". [00:01:56][0.6] [00:01:57] "The place is burned to the ground on I'll not be concluding our purchase. You can keep your charred pile of rubble". [00:02:03][5.8] [00:02:04] "We'll see about that. I'm taking this to court.". [00:02:06][2.0] [00:02:06] The case went before the courts and the resulting ruling was a bit of a surprise to the buyer. "This court rules that are legally binding agreement was made on March 30th in the year of our Lord 1546, with the acceptance by the seller. And on that date the buyer became the new owner of the home. The sellers role switched from that of an owner to that of a caretaker of the property. It was the seller's responsibility to maintain the property to his best ability. However, a lightning strike cannot be prevented. Therefore, the buyer must conclude the transaction and pay the seller the agreed upon sum of money. [00:02:40][34.0] [00:02:41] And we're back in the present day. And remember how I said that our laws today are based on these old English court rulings? Well, the underlying reasoning for what we just heard still holds true today. A buyer becomes the actual owner of the property, the minute all conditions of the offer are satisfied. The buyer might not take possession for several weeks, but they are the owner and the seller becomes a caretaker of sorts. So how do we protect today's buyer from the taper scenario we just heard? I'll have the answer right after this. [00:03:08][26.9] [00:03:11] You're listening to Bo Kauffmann of RE/MAX performance realty. If you were enjoying the show, please subscribe so that you never miss an episode. Bo knows real estate. [00:03:21][9.7] [00:03:27] So you bought a house and it burns down between now and your possession date. How do we protect the buyers interest in this? Well, over the years, several clauses have been incorporated into the standard offer to purchase in Manitoba. Here is just a few examples. [00:03:40][12.7] [00:03:41] For starters, Section 4, (a) 3 states 'unless otherwise specified the property and all included items will be in substantially the same condition they were at the time with the offer.' This would include things like appliances, furnace, hot water tank, etc.. The interesting part here is the phrase substantially the same condition. What does that mean? What happens if the furnace quits? Is the seller obligated to replace it? What about a hot water tank? These are topics for another episode and we'll discuss them another time. [00:04:09][28.3] [00:04:10] But here's an additional section number 11 B 1, which states 'if the property suffers substantial damage, which is not repaired before the time of possession to substantially the same condition it was in prior to the damage occurring, the buyer may terminate this agreement'. [00:04:25][15.6] [00:04:26] As we can see, this places is the responsibility of protecting the property back onto the seller's shoulder. Although it specifies until the time of possession, I always tell my sellers to maintain home insurance for an extra week, maybe 10 days or so beyond possession date. Just in case the buyer doesn't show up to pick up his keys or for some reason walks away from the deal. You don't, as a seller, you don't want to be in a position where your place is uninsured while you still own it. Well, I truly hope you've enjoyed this episode and found it to be helpful. [00:04:56][29.7] [00:04:57] And hey, if you're still with me at this point, why not grab my free podcasting app available for AOS and Android devices? It's super easy. Just go to Winnipeg. Got tips, slash Apple or slash Android. That's Winnipeg. Doct t I.P.S. Slash Apple or slash android. That way you'll never miss another episode about Winnipeg will or both. [00:05:19][21.8] [00:05:23] You've been listening to Bo Kauffmann of RE/MAX performance realty, are you thinking of buying or selling a house or a condo in Winnipeg call Bo at 2 0 4 3 3 3 2 2 0 2? Remember, Bo knows real estate. [00:05:23][0.0] [278.8]

Market stats and conditions for the Southdale area in Winnipeg. Is now a good time to buy or sell in Southdale? Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:00] Is now a good time to buy or sell in Southdale, Winnipeg? Let's find out. [00:00:04][4.0] [00:00:08] You're listening to the Bo Knows Real Estate Podcast tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:18][9.9] [00:00:21] I've been producing Winnipeg real estate market updates for many years. It's a great way to see what's going on in our city, but real estate is even more local than that. Each neighborhood can have their own unique market conditions. So you're curious about your area and Winnipeg. Email me at Bo Knows Homes at G-mail dot com and I'll create a special report just for you right now. [00:00:43][22.1] [00:00:43] In early April 2020, we have seven attached and detached homes available in Southdale, three between 200 and 300 thousand, one between three and four hundred, two between 400 and five hundred thousand and one just over six hundred thousand dollars. [00:00:58][14.9] [00:00:59] There's currently one pending sale, so the buyer just needs to get financing or something along those lines and that is between 400 and five hundred thousand dollars. Over the past two weeks, we've sold five houses in the Southdale area, one between two and three hundred, two of them in the three to four hundred range and two of them in the four to five hundred range. In that last one, one sold just under a list price and the other one sold actually over list price, likely indicating multiple offers in that sale. [00:01:25][26.5] [00:01:26] Now, looking back over the past month, it looks like we've had eight final sales, one between two and three hundred and five of them in the three to four hundred thousand dollar range. And then those two sales between four and five hundred. [00:01:36][10.6] [00:01:37] Now, that's all well and good. But here's the important comparison. How does this 31 day period compare to the same 31 day period in the previous three years? So currently, including the one that's conditionally sold, we've made a total of nine sales in the 31 day period. [00:01:53][16.0] [00:01:53] Last year it was 10. So we're right on track with last year. 2018 there was only four. And we'd have to look at the weather map. I suspect that maybe we had a snow storm or some event happen that kept sales to just four sales in that 31 day period. [00:02:09][15.2] [00:02:09] And in 2017 we had 12. So currently we're right on track. COVID or no, the market in Southdale seems to be right on track with what is happening over the last few years. So what does all this mean? Well, with just seven listings available between 230 and 630 thousand dollars, Southdale is a good market right now to list your home for sale. So if you're looking to buy or sell in Southdale or anywhere else in Winnipeg, give me a shout at 204-333-2202. This has been Bo Kauffmann RE/MAX performance realty. [00:02:39][30.0] [00:02:40] And hey, if you're still with me at this point why not grab my free podcasting app for your phone available for iOS and Android devices, super easy. Just go to Winnipeg, dot tips slash Apple or slash Android. That's Winnipeg dot T I P S, slash Apple or slash Android that way you'll never miss an episode about Winnipeg, real estate or both. [00:03:02][22.1] [00:03:06] You've been listening to Bo Kauffmann of RE/MAX performance realty, are you thinking of buying or selling a house or condo in Winnipeg called Bo at 2 0 4 3 3 3 2 2 0 0 2? Remember, Bo knows real estate....

Real estate market conditions for the Bridgwater area in Winnipeg. Is now a good time to buy or sell in Bridgwater? Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:00] Is now a good time to buy or sell in Bridgwater? Let's find out. [00:00:03][3.3] [00:00:07] You're listening to the Bo Knows Real Estate Podcast. Tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:17][9.9] [00:00:21] I've been producing Winnipeg real estate market updates for many years. It's a great way to see what's going on in our city, but real estate is even more local than that. Each neighborhood can have their own unique market conditions. So if you're curious about your area in Winnipeg. Email me at boknowshomes@gmail.com, And I'll create a special report just for you. So let's take a look at Bridgewater at the beginning of April 2020. [00:00:45][24.6] [00:00:46] As far as detached homes go and homes that are finished and constructed, not under construction. There's currently 112 houses for sale in Bridgwater. The majority of them are between the 400 and $700000 range. So there's 29 houses between four and five hundred and 33 between five and six hundred. And the prices go all the way up to just shy of $2 million. [00:01:09][23.0] [00:01:10] Currently, there are five homes that are under pending sales, meaning that they've got offers and they've been accepted. But the buyer just maybe hasn't gotten their financing yet. So there's five conditionally sold at this point. [00:01:21][10.8] [00:01:22] While over the last two weeks there's been two final sales, both of them in the four to five hundred thousand dollar price range and both of them sold at just under list price. So there was no multiple offers and no bidding wars in those sales. [00:01:34][12.5] [00:01:35] Looking back over the last month, including those two sales I mentioned earlier, there's have been a total of 15 sold over the last month, 8 of them in the four to five hundred thousand dollar range. 6 of those sold under last 2 sold over lists and 6 homes in the five to six hundred thousand dollar range. Again, 5 under list, 1 over list. And then the the other sale, a 15th sale was in the six to seven hundred thousand dollar price range, also sold just under list. [00:02:01][26.7] [00:02:02] But this final stat is perhaps the most important one because it's compare sales this year as opposed to the same 31 day period over the last three years. That'll tell us whether the market has changed with a crew on a virus has anything to do with that. So this year, including those five pending sales, we've sold 20 homes in that 31 day period. Last year was 28 and the year before was 31. And then in 2017, it was 23. So we are slower than each of those years. Not by much, but there is a bit of a drop right now in the Bridgewater area. [00:02:35][33.1] [00:02:35] So in summary for Bridgewater, with 112 listings available, the lowest one at 380 and the highest one just shy of $2 million. Bridgewater and South Pointe are excellent buyers markets right now. So if you're looking to buy a home in Bridgewater Trails, Forest, Lakes or South Pointe, a Prairie Pointe, give me a call 204-333-2202. [00:02:35][0.0] [144.0]

Real estate has been designated as an essential service. How do we adjust to keep our home buyers and sellers safe? Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:00] Real estate in the era of the Coronavirus. How do we keep buyers and sellers safe? That's coming up next. [00:00:05][5.0] [00:00:09] You're listening to the Bo Knows Real Estate podcast. Tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:19][9.9] [00:00:22] Real estate has, at least for now, been deemed an essential service. And there's a couple of reasons for that. One of them is purely economic. There's a ton of spin off business coming as a result from every house or condo sale. Aside from taxes and legal fees and of course, real estate fees, moving costs, people buy furniture. People buy appliances. They fix up their houses when they sell and they fix up their houses after they buy. So there's a multitude of spin off benefits, economic spin off benefits from real estate. [00:00:53][31.4] [00:00:54] But the other one is that we are able to conduct business and keep buyers and sellers safe. Manageable Real Estate Association has put in place a number of safeguards and I'm going to explain those right now. In the past, it used to be able to book a showing for a house just about any time. And even if you're showing overlapped with another buyer, that was that was okay. But that's been changed now. So from here on in, you can only book one buyer at a time. So if your agent if you looking at a house, new agent books a two to three o'clock window, you'll be the only ones in the house because sellers have also been encouraged to leave the house at the time. That may not always be possible, especially if they're elderly. They may not be able to go outside depending on the weather, but in most cases, sellers will be going outside and you'll you and your agent will be the only ones in the house at that time. [00:01:44][50.3] [00:01:45] The next thing is that open houses are pretty much a thing of the past. There's no way to control the crowds sometimes. I remember having open houses in River Heights in February and there was people lined up outside to get into the house because the house was full already. So I don't believe any agents are gonna be having any open houses. It's just it's not worth the risk. Also, the Manitoba Real Estate Association has come out with a form that buyer agents and their clients must sign and fill out, indicating that nobody there who's going into the house. That's the agent or the buyers have traveled in the past 14 days, are showing symptoms or signs of the illness, have not knowingly been in touch with anybody who does have the virus. So like I said, buyer agents and their buyers have to sign these forms, which also make it tougher for buyers to see a house without an agent. Gone are the days of just pulling up in front, calling the listing agent and saying, hey, please slide down here and show me the house. [00:02:41][56.3] [00:02:42] Which is further encouragement for anybody who's looking to buy a house or a condo to hook up with a real estate agent right now and get those forms filled out to assure that you are not carrying the virus and you're safe. And that will give you easier access to the listings these days. [00:02:57][15.8] [00:02:58] In addition to these, I've personally implemented a couple of different procedures that will help protect my clients and myself. Going forward, I will not be driving buyers around in my personal car anymore. That's to protect them and myself. Buyers would have to meet me at the listings. I will also bring to each

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. [00:00:00] Real estate in the era of the Coronavirus. How do we keep buyers and sellers safe? That's coming up next. [00:00:05][5.0] [00:00:09] You're listening to the Bo Knows Real Estate podcast. Tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:19][9.9] [00:00:22] Real estate has, at least for now, been deemed an essential service. And there's a couple of reasons for that. One of them is purely economic. There's a ton of spin off business coming as a result from every house or condo sale. Aside from taxes and legal fees and of course, real estate fees, moving costs, people buy furniture. People buy appliances. They fix up their houses when they sell and they fix up their houses after they buy. So there's a multitude of spin off benefits, economic spin off benefits from real estate. [00:00:53][31.4] [00:00:54] But the other one is that we are able to conduct business and keep buyers and sellers safe. Manageable Real Estate Association has put in place a number of safeguards and I'm going to explain those right now. In the past, it used to be able to book a showing for a house just about any time. And even if you're showing overlapped with another buyer, that was that was okay. But that's been changed now. So from here on in, you can only book one buyer at a time. So if your agent if you looking at a house, new agent books a two to three o'clock window, you'll be the only ones in the house because sellers have also been encouraged to leave the house at the time. That may not always be possible, especially if they're elderly. They may not be able to go outside depending on the weather, but in most cases, sellers will be going outside and you'll you and your agent will be the only ones in the house at that time. [00:01:44][50.3] [00:01:45] The next thing is that open houses are pretty much a thing of the past. There's no way to control the crowds sometimes. I remember having open houses in River Heights in February and there was people lined up outside to get into the house because the house was full already. So I don't believe any agents are gonna be having any open houses. It's just it's not worth the risk. Also, the Manitoba Real Estate Association has come out with a form that buyer agents and their clients must sign and fill out, indicating that nobody there who's going into the house. That's the agent or the buyers have traveled in the past 14 days, are showing symptoms or signs of the illness, have not knowingly been in touch with anybody who does have the virus. So like I said, buyer agents and their buyers have to sign these forms, which also make it tougher for buyers to see a house without an agent. Gone are the days of just pulling up in front, calling the listing agent and saying, hey, please slide down here and show me the house. [00:02:41][56.3] [00:02:42] Which is further encouragement for anybody who's looking to buy a house or a condo to hook up with a real estate agent right now and get those forms filled out to assure that you are not carrying the virus and you're safe. And that will give you easier access to the listings these days. [00:02:57][15.8] [00:02:58] In addition to these, I've personally implemented a couple of different procedures that will help protect my clients and myself. Going forward, I will not be driving buyers around in my personal car anymore. That's to protect them and myself. Buyers would have to meet me at the listings. I will also bring to each showing I will bring a bottle of hand sanitizer. We're going to sanitize before we go in and after we come out. And if buyers are showing any signs of illness, we will not be proceeding with the showing. [00:03:27][28.9] [00:03:27] If you're the seller of a house, I would encourage you to put a bottle of hand sanitizer out just in case agents to come in and they don't carry their own. I would put that bottle near the front entrance and along with the sign that says please take your shoes off here. It also add the line, please sanitize your hands as you're going through. Sellers are encouraged to turn on all lights, open all doors and closet doors just to minimize the touching that a buyer needs to do to check out the house. And as an added safety procedure, I would recommend keeping the showing groups low. So if it's a couple looking at a house, just the two people don't bring all your friends. If you have children, if they're really young, preferably leave them at home for these showings. And if you do bring the children along, there's no jumping on the bed and playing with the seller's kid's toys. That kind of thing. [00:04:17][49.5] [00:04:17] As you can see, there are ways to implement social distancing, to keep people apart, keep showing small, keep them private so that there isn't a bunch of people coming through at the same time. There is a way to sell real estate in a safe manner. [00:04:32][14.4] [00:04:32] I've added one more procedure, which involves the initial buyer consultation. For years, Ive been offering free, 45 minute home buyer consultation. The buyers and I would meet in my office, go over the entire home buying process, discuss and determine their needs, and set up a search to find the perfect home. I.ve now moved this entire process online, in the form of a zoom meeting. So you can do all of the above from the safety of your home, at a time convenient to you. No need to leave your home and drive to an office anymore, we just meet online. [00:04:32][0.0] [00:04:32] And in fact, right now is a great time to buy in Winnipeg. There's lots of inventory out there. Interest rates are low. And so if you're looking to buy or sell, give me a shot. And if he's still listening to this, you might want to download my podcast app available on iOS and Android devices. It's really easy to get. Just go to Winnipeg, dot tips, slash Apple or slash Android. That's Winnipeg dot t i P S slash apple or slash Android. And you'll never miss an episode. [00:05:03][30.3] [00:05:07] You've been listening to Bo Kauffmann of RE/MAX performance realty, are you thinking of buying or selling a house or a condo in Winnipeg called Bo at 2 0 4 3 3 3 2 2 0 2? [00:05:19][11.8] [00:05:19] Remember, Bo knows real estate. [00:05:19][0.0] [303.5]

Are you planning to buy a house or condo in 3 months (or more) from now? There is one thing you could (should) be doing RIGHT NOW that will earn you extra money. Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:00] First time homebuyers. Are you planning on buying your first home in three to six months? What should you be doing right now? [00:00:07][6.7] [00:00:11] You're listening to the bone nosed real estate podcast. Tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:21][10.2] [00:00:26] These days, homebuyers plan well in advance. So if you're a first time homebuyer thinking of buying your first house or condo in three months or longer from now, here's something you should consider doing right now. [00:00:38][11.5] [00:00:38] Put as much of your savings, which is earmarked for your downpayment, into an RRSP. Now to see how much you can put in check last year's notice of assessment from the CRA. Look for the line probably on the last page which says something like "your available RRSP contribution limit for such and such a year is..." So it might tell you. Let's say you have $15,000 worth RRSP contribution limit for the year, which is quite possible if you have not been contributing to Rs PS in the past. So let's go with that $15000 example. Take that amount out of your savings and buy a safe GIC or other form of RRSP. I know you're only going to get a couple of percent of interest, but that's not really the point. [00:01:23][44.7] [00:01:24] You see after the money is in the hours before 90 days. That's why I said three months. You can take it out and use it as your down payment on your first home. Now notice I said I was stressed the word first. That's because this only works for first time homebuyers. By the way, separating couples who sold their communal home may also qualify as first time buyers under this law. [00:01:45][21.5] [00:01:46] So why would you bother doing this? Well, next year, when you fill out your income tax forms, you can now claim that RRSP contribution as a deduction. Yes. Even though you've taken it all out to do your down payment, you can still write it off. And dear Justin is going to send you a hefty refund. You'll have to pay those contributions back over 15 years. But that's a small price to pay for getting around 30 percent of it gifted to you right now. So, for example, let's say you put 15000 into an RSP this week, three months or more from now. Three months is just the minimum. So if even if you're buying it six months, eight months from now, you go ahead and take it out and use it as your down payment. So you'll have to return that fifteen thousand into your own fund over 15 years, which works out to a thousand dollars a year. You even get to wait for two years to start this. [00:02:36][49.4] [00:02:36] But by doing this, your very next taxation year, you're going to get a nice refund probably in the neighborhood of three to four thousand dollars. So who doesn't need an extra three or four grand from the government in the late spring? When you get your income tax refund, you might be able to use it to get a new furnace for your house to a roof or do whatever other maintenance or upgrades that you wanted to do. Now, I'm a real estate agent, not a financial advisor. So if you have any questions about this. By all means, give me a shout. I'll put you in touch with the financial advisor that alerted me to this. And you can discuss it with them. But the bottom line is it's gonna put an extra three to four thousand dollars, depending on how much you're able to put into your RRSP, into your pocket. And I hope this

Are you downsizing from a house and thinking of renting an apartment? Or is it better to buy a condo instead? Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:00] If you're ready to sell your house and consider apartment style living, are you better off renting or buying a condo? That's what we'll examine on this episode of Winnipeg's Real Estate podcast. [00:00:09][9.1] [00:00:14] You're listening to the Bo Knows Real Estate podcast. Tips and advice for home buyers, sellers and owners with award winning Remax agent Bo Kauffmann. [00:00:24][10.2] [00:00:27] I will work from time to time with elderly clients who, for a variety of reasons, have decided to sell their houses. Take a look at the option of living in a high rise, whether it's an apartment or a condo. Some of those reasons might include that the houses have become too big. Too many stairs, too much upkeep, too much yard work, too much maintenance. Or perhaps a change in lifestyle where the people want to move to live in the states for three, four months, five months, a year. And then the house becomes kind of a liability because you have to come have to have somebody come into the house every couple of days to check the furnace and make sure that everything's fine for your insurance. So the question comes up, what's better? Should we rent an apartment and take the money we get from the house and invested or should be buy a condominium? So there are two facets to answer this question. One is purely financial, which is which is cheaper to do. And I will look at that. And the second one is what about quality of life, which will offer you better options and more happiness throughout the year that you are here living in either an apartment or a condo. So for our purposes today, I'm going to be looking at two similar style living quarters. One. One is a two bedroom, one bath apartment, about eight hundred square feet and a 40 year old building in a decent neighborhood. It does not have in laundry. It does, however, have underground parking. And of course, there are no upfront costs to this. Comparing that to a similar condo, same size, but a $200000 upfront cost that you have to buy, two bedrooms, one bath with ensuite laundry and a much newer building, about five years old. And again, with with an indoor parking spot. The numbers I'm going to use, the prices and fees are actual real life numbers in Winnipeg at this time. [00:02:11][104.0] [00:02:12] I know that you can get cheaper apartments. You can get more expensive condos and the other way around. But this is just for illustration purposes. I've picked two buildings that are somewhat similar. So let's start by looking at the apartment rent in this apartment is thirteen hundred and forty dollars a month, which adds to a shade over sixteen thousand dollars a year. Utilities are fully included in this. So heat, hydro and water. Of course, I'm not counting tel- television and cable vision because you have to buy that anywhere else. And it's the same no matter where you are. So that's not really become part of the equation. Insurance you're going to want content insurance. In this case, it's about $250 a year to insure your content. It's a good idea in case something happens. Could be a break in. Could be a water damage from a neighboring suite. You want to make sure that your contents are insured. But now we have something to offset against this expense. Remember, with an apartment, you don't have to take that two hundred thousand that you would spend on a condo. You can take that money and invest it. Now, if you are in your 60s, 70s, certainly in your 80s, I personally probably would not recommend anything

Real estate is a very local, focused subject. Do you know whats going on in your neighbourhood? Introducing hyper-local real estate updates. Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:03] If you're interested in buying or selling a house or a condo, you might be paying attention to the national real estate news. Please stop that right now. If you're in Winnipeg, knowing what's happening nationally is worse than useless. It may actually give you the wrong picture. Let's face it, if you want to buy a house in Winnipeg, hearing that Toronto is a hot market won't help you. But real estate is even more focused and local than that. So, for example, if you're thinking of selling your house in Transcona, you'll want to know the very recent activity in your neighborhood. If you're buying in Linden Woods, you won't really care what's happening in St. James, and so on. This is why I can produce hyper local real estate updates specifically for you. Wondering whether right now is the best time to sell your North Kildonan bungalow, your Wellington Crescent condo or your Bridgewater two story home? Thinking of buying a $250,000 home in St. James or a condo in southeast Winnipeg? Winnipeg has literally hundreds of neighborhoods from a Assiniboine Forest to Westwood, Amber Trails to River Heights, from Royalwood to Linden Woods. I'll create a focused and specific market report just for you. [00:01:14][71.0]

All the info home buyers and sellers need to decide whether now is a good time to buy or sell in Winnipeg. Market report for WInnipeg in April 2020. Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en)

Real Estate Roundtable Discussion - Q&A for Home BuyersAnswering questions from home buyers about financing, real estate law, home inspections and more.... The roundtable hosts are A real estate lawyer A home inspector 2 mortgage brokers A life insurance/investment expert A real estate agent for more info, go to blog.winnipeghomefinder.com (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 (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en)

Are you and your spouse separating or divorcing? If you own a home together, you should listen to this advice from real estate and mortgage experts on the best course of action. How to sell your home while divorcing. Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en)

Retiring or getting out of the rental market? What is the best way to sell your rental property? Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Start by moving the tenant out of the property. Incentivize them by offering to pay for their move, offer them the use of another property or help them find a suitable rental. Do whatever you can and have to, but get them out of the home so that you can sell it empty. I was going to explain, in todays episode, my reasons for advising to sell the property without tenant, but the episode would get too long, so we will have another podcast titled “What NOT to do when selling your investment property.” For today, let's assume that you agree, and have successfully removed the current tenant . So whats next? First, the goal is to make this home attractive to a home buyer who wants to buy it for themselves. NOT another investor (the reasons for this will be explained in another podcast) Depending on your price range, the home may appeal to a first time home buyer (https://blog.winnipeghomefinder.com/7-worst-mistakes-first-time-home-buyers/) , so let's get it ready. Fresh paint, in and out, gross, replace THOSE. (https://blog.winnipeghomefinder.com/bathroom-renovation-essential-tips/) Next, call a professional stager and stage the home. (https://blog.winnipeghomefinder.com/5-home-staging-tips/)  They know how to make a small bedroom look bigger, how to accentuate the positive while minimizing the negative. Interesting side story: I had a bachelor suite for sale. Seller did not want to spend any money on it, so it was clean but not staged. Potential buyers had trouble imagining living in a suite without a bedroom, so it remained on the market for a full year. When the listing expired, the seller finally took my advice and we hired a stager who showed the possibilities in this cute, quaint space. Result…….SOLD within 10 days. Staging WORKS. Ok, the place is ready for to be listed, and shown to an adoring buying public. Call your listing agent and get it on the market.

Whose job and responsibility is it to fix certain items in a rental property (https://blog.winnipeghomefinder.com/investing-winnipeg-real-estate-buying-rental-property/) ? The tenant or the landlord? These kinds of rules are usually set at the city or state (province) level, and here is one example of how the duties are divided. Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Whose responsibilities are property repairs?So you're the owner of a property and you've got it rented out to a tenant and he or she calls you at 4:00 in the morning and advises you that the furnace is quit (https://blog.winnipeghomefinder.com/replacing-furnace-size-important/) . Middle of winter. The answer seems kind of obvious. You as the owner, would be responsible for making sure there's heat in the place. Then a couple of weeks later, the tenant calls you and says the faucet is dripping. Is that your responsibility? What about the next time they call and the light bulbs are burnt out again? Whose responsibility is it? So for these answers, I turned to my good friend and property management expert Garrett Wang from Upper Edge Property Management, (http://upperedgepm.com) who has a very clear way of putting it. He basically categorized the items that needed to be repaired and fixed into two categories. And the first one would be the fixed assets that stay and remain with the house. These are things that you, the landlord, own. So, for example, the appliances, the faucets, the furnace, hot water tank, the windows, the electrical, things like that. Anything goes wrong with those things. It's your responsibility to fix it. And the second set of items is what he called the consumables. Now, these would be things like light bulbs, fuses if your electricity (https://blog.winnipeghomefinder.com/knob-and-tube-wiring-fuses-and-other-electrical-upgrades/) is run through a fuse box, as well as furnace filters, air filters, those kind of things, things that are expected to be used up and burned out in regular everyday use. Those would be the responsibility of the tenant. Please keep in mind that these types of rules and laws are often set at a state or provincial level, sometimes even at a city level. So they might be different in every jurisdiction. So be sure to check in your area, but this certainly seems like reasonable advice. So if you're a property owner and you get tired of doing this kind of stuff yourself, or perhaps you're growing, you're growing beyond one or two properties, give me a shout. I'll put you in touch with Garrett. And he will certainly love to look after you. He does an excellent job in doing so. And if you're looking to buy a rental property in Winnipeg (https://blog.winnipeghomefinder.com/investing-winnipeg-real-estate-buying-rental-property/) , be it a house or a condo. Give me a shout anytime as Bo Kauffmann RE/MAX performance realty here in Winnipeg. My direct cell is 204-333-2202. Or email me at BoKnowsHomes@gmail.com.

Are you thinking of buying a rental property? Here is a discussion with Property Manager, Garret Wong. Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Bo Kauffmann [00:00:00] So you're thinking of buying rental property? (https://blog.winnipeghomefinder.com/investing-winnipeg-real-estate-buying-rental-property/) Well, you're going to want to hear this if you're thinking of buying rental property and growing your real estate portfolio, then you're going to love this call Im about to make. I'm going to call a friend of mine. His name is Garrett Wong. Garrett is the president of the Professional Property Managers Association of Manitoba. And he runs a company called Upper Edge Property Management. Now they specialize in helping investors and property owners who have 1, 2, 3, you know, a small amount of rental properties. All in all, Upper Edge has over 600 residences in their portfolio and they're the perfect source of information. If you're looking for help in managing your properties. So let's give them a call right now. Garret Wong [00:00:55] Hello, Garrett speaking. Bo Kauffmann [00:00:56] Hey, Garrett, it's Bo, how you doing? Garret Wong [00:00:59] Good, and you? Bo Kauffmann [00:01:00] Good. Excellent. Listen, we'll get right into it. I wanted to ask you a couple of things about people wanting to get into owning rental properties. And one of the most common questions I get is, is Winnipeg still a good market? Now, I recall an article a couple of years ago that said that Winnipeg out of 36 markets, Winnipeg was actually the one with the lowest vacancy rate. Now was a couple of years ago. So I'm just wondering to hear your side of this. Is Winnipeg still a good market to own rental properties? Garret Wong [00:01:28] I believe so, yes. Those stats were a few years ago back in 2012, we actually had almost a zero percent vacancy rate with zero point nine percent. It has risen, but you know, it's it's fairly balanced. Now, I believe the last stats from CMHC last fall said it was about two point nine nine or effectively a three percent vacancy rate. And all that means is a lot of the tenants that are trying to find properties just have a little bit more choice. Right. But it hasn't really affected property values to the point that, you know, tenants can't find a place or there's bidding wars. It just means that you have to provide a decent product if you're going to be an investor. Bo Kauffmann [00:02:09] Right. You now have a little bit of competition and renters have a little bit of choice. Yeah, and there's nothing wrong with that. Right. Exactly. I mean, I can go out and find a house for one hundred thousand dollars in the core area or I can find a million dollar house in Linden Woods. Where would you say is like the sweet spot for somebody who wants to buy their first rental property? What price range and what neighborhoods? Garret Wong [00:02:31] So I would probably not concentrate as much on price range of the building. That's kind of obviously that's important because you have to qualify and you have to make sure it cash flows properly to me. I would start with supply and demand. So I would look at what is the most desirable rent for, you know, your demographic, a family of four or whatever you're trying to attract. In my professional experience, I believe that's probably around the thirteen hundred dollar range, maybe 13 to 15 hundred. If you translate that back then into your cash flow projections, you're going to end up with, you know, a set amount that you can afford for your mortgage and that will translate out to a building value. Typically, I find that most neighborhoods that will support,...

Just how accurate are the City Assessed Values you can find online? Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) [00:00:08] This is actually a very common question I get from home buyers. (https://blog.winnipeghomefinder.com/buying-a-house-home-buyers-guide/) They see a house listed at, let's say, 300,000 dollars and then find the city assessed value is just 250K. What's going on? The house is grossly overpriced, right? [00:00:23] So here's what's happening. The city assessed value is simply an average for that type, style, size and age of home in that particular neighborhood. Since the city in all likelihood has never stepped foot inside that particular home, they wouldn't know that the owner recently replaced all the windows, upgraded the heating and cooling, installed all new flooring and repainted inside and out. [00:00:45] None of those things require building permits, so the city has no idea that that's been done: so that this home would be above average when compared to others in the area. Now this can also happen the other way around, and a house which is city assessed at 255,000 might hit the market with the listing price of 220. In that case, the original owner might be selling the house in all its original glory with galvanized plumbing, knob and tube wiring and the walls filled with newspaper clippings pretending to be insulation. [00:01:16] The bottom line is: don't rely on city assessed value (i.e. an estimated average) to guide you as to the proper market value of any home. [00:01:25] After all, that's what your real estate agent is for. Get our podcast on any of your favorite pod-catchers. (https://blog.winnipeghomefinder.com/podcast-signup)

Are you six months to a year away from buying a house or condo. What should you be doing right now? Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Lots of buyers start looking at open houses when they are six months to a year away from making a purchase. It's fun. Nothing wrong with it but it's not the most productive thing you should be doing.   Buyers should check their credit ratings when the time comes to get pre-approved. The best mortgage rates go to the buyers with the best credit ratings.   Finding out that you have blemishes on your credit at that time might be too late. So contact your mortgage specialist and check your credit now, with plenty of time to correct any issues.

Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to (https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561) For your Android Devices, click here to (https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en) Hello….. I am Bo Kauffmann of Remax Performance Realty (https://blog.winnipeghomefinder.com/bo-kauffmann-realtor-remax/) in Winnipeg, Manitoba Canada. I’ve been a REALTOR since 2005, helping buyers and sellers of houses and condos in our fair city. Real estate is a very local game……  if you’re looking to buy or sell a home, you normally would not care what the national, let alone international real estate markets are up to. Knowing about the market conditions in Houston TEXAS is about as useful as knowing the weather in Hong Kong ……..  you would only care if you are about to go there. So in this podcast, I will try to share tips and advice that would be useful for any home buyer, seller and owner. Things to watch out for when buying, tricks to help you sell, and advice on updating, renovating or maintaining your house or condo. One thing to be aware of is that most real estate laws fall under provincial legislation in Canada, and under the individual States legislations in the U.S. So if in doubt, ask your local REALTOR for advise on anything that’s discussed here. As I’m still very much an active real estate agent, running a podcast is a bit of a hobby, so I’ll try to post once a week or so. Episodes will be short, sweet and to the point. Each episode will cover one specific tip or subject.  You’re busy, so we wont waste a lot of time on chit chat. This podcast, similar to my blog and website, are a labour of love…… I don’t collect advertising money. So if you like what you hear, please share it with someone and help us grow. For more frequent information, and Winnipeg-centric updates, check my blog at https://blog.winnipeghomefinder.com (https://blog.winnipeghomefinder.com) my Youtube Channel is https://youtube.com/bokauffmann (https://youtube.com/bokauffmann) Til next time….. remember: Bo Knows Real Estate.