Market stats for house and condo listings in April 2022 for Winnipeg.

Home Buyer Tips and Etiquette
[00:00:00] BoKauffmann-REALTOR: Let's talk about tips and home buying etiquette. On this episode of Winnipeg's real estate podcast,
All right. Welcome to this episode of Winnipeg's real estate podcast. Today, we're going to talk about some tips and etiquette for home buyers to follow. What do I mean by that? So you're looking at houses and likely on a Saturday afternoon, let's say you're going to go out and look at four or five houses back to back with your agent.
We call that a home viewing tour. And today we're going to talk about tips to make that, that whole tour go a little smoother, a little less troublesome just make the whole experience a little bit better for you. But also some etiquette and some rules to follow. Because as a buyer in this hot sellers market, you want to stand out for the great offer you make, not for the rules.
Your break sounds like a song in there. So let's we're going to break this episode down into three different sections. The first one is going to be what to bring and where during these home showings, second one is going to be what not to bring what not to do. And the third one is how to act in sponsor inside the house.
So let's go.
All right. So remember it says, like, let's say a Saturday afternoon, you gotta look at four or five houses in a row. And this first tip is really helpful in the winter wear comfortable shoes you can slip on and off. If you've got these big mukluks that tie up halfway to your knee, you'll spend a lot of time taking them off and putting them back on from going from one showing to the next.
So we're comfortable. Slip-on shoes next, bring a pen and pad. Now each listing will probably have a listing sheet waiting for you so you can grab that, but there's always going to be questions or things that aren't on there that you might want to mark down for yourself. If you're looking at five houses in a row, it's easy to get them.
You know, you end up forgetting which one needed the new bathroom upgrader, which one had the really ugly floor here or there. So it's good to mark that down. So bring your own pants. And last bring a mask and sanitizer. Yes. COVID is still a thing. I remember you going into other people's houses. So we are still expected to wear masks because people live there and there's showings after us.
So once inside you're going to be touching the fridge. You're going to be touching doorknobs, closets, stuff like that. Plus there was people there before us, so you might want to sanitize going in and coming out up next. We're going to talk about what. We'll be right back after this short announcement.
This episode of Winnipeg's real estate podcast is sponsored by urban top code, paint and design. Bring in quality fine finishes to your home. Whether you're planning to sell, have just settled in or looking for a robust color refresh urban top code, paint and design has your home covered. There's quality in their hands and they leave it in their work call.
Rob white today at 2 0 4 7 9 1 8 0 2 4. All right. So let's start with some of the things that not to do. Leave the food and the and the drinks in the car. Let's say you picked up a cup of coffee on the way to your showings or a sandwich or a banner, a hoagie. Leave those in the car. Don't bring food into somebody else's house.
As I can hear the eyeballs rolling. Oh my God. Bowl where you're telling us that it's because it's been done and then coffee gets spilled and it, it's not, it's not a good thing. Next is keep the the viewing group. Now if you're a young couple chances are you want your parents' approval, maybe they're even putting money in for the down payment.
They're definitely want, want to have a look at the house. And I encourage that. In fact, if we're looking at 20 houses, I would encourage that you bring all decision-makers to as many of their showings as possible. Because the last thing we want to...

Documents needed for Home Buyer Pre-Approval
[00:00:00] Bo Kauffmann - REALTOR: In any hot real estate market buyers know they need to get pre-approved before even looking at homes. So how do we streamline that process? That's coming up next on Winnipeg's real estate podcast.
[00:00:13] Mike Schroeder - Mortgage Architects: You're listening to the bone knows real estate podcast tips and advice for home buyers, sellers, and owners with award winning Remax agent Beau Kaufman.
[00:00:28] Bo Kauffmann - REALTOR: Hello, everybody bought Kaufman here, Remax performance Realty. And today we're talking about pre-approval. Now that's been around for awhile buyers. These days know that they need to get pre-approved by the way, pre-approval is different than pre-qualification. When a buyer goes up to a bank teller and says, Hey, I make 60 grand a year.
How much of a mortgage can I afford? Can you plug those numbers in? And the teller gives them. That's pre qualification. That's not what we're looking for. We need something a lot deeper than that. We need something where they do a bit of a dive into your financial abilities to financial history, your credit rating.
And that's called a pre-approval. Now, depending on who you're dealing with or pre-approval. Take just a few hours or it could take days. A lot of times it depends on the financial institution you're dealing with, but it can also be helped. Like the process can be sped up by you, the buyer being ready for the questions they're going to answer, because no matter where you go, they're going to need a number of documents from you.
And today we're going to talk to my good buddy Mike Schroeder of mortgage architects. And he's going to give us a list of documents that you, the buyer have to have. So you, you may as well spend the time to dig them out, have them ready and really impressed the hell out of them when they ask for those documents and you say, Hey, I've got everything ready in a file here for you.
I'll email it to you. A lot of times that pre-approval process can be cut down to a mere hours. So here we are, help me in welcoming Mike Schroeder to the show. All right, Mike, welcome back to the show.
[00:01:53] Mike Schroeder - Mortgage Architects: Good morning, Bob, how are you doing today?
[00:01:55] Bo Kauffmann - REALTOR: Excellent. Excellent. How are you? Are you
[00:01:57] Mike Schroeder - Mortgage Architects: busy? Oh man. This has been great.
All everyone's buying and selling homes you say? So it's been
[00:02:02] Bo Kauffmann - REALTOR: crazy. Okay. All right. So we're talking about what a buyer can do to kind of shorten that whole pre-approval process and they can, as quick as possible some of the documents that they need, that your you and other lenders are likely going to ask them for.
So let's start with that. What, what do buyers need to provide to get pre.
[00:02:21] Mike Schroeder - Mortgage Architects: Sure. So we can break the documents down to three different categories. We have to show how much money you make. So your income, we have to cover your down payment and we have to go over your credit. So let's start at the beginning of that first question of course would be, would be, are you employed or are you self employed?
If you're employed at the company that really, we need the last pace. Have you received your last two years of G4S? If you've been the employer that long, that will give us a good establishment on Granger. Don't forget if you're receiving the Canadian child benefits that many lenders will also accept that as a valid thing.
Now, if you're self-employed, we need to get your last two years and they've been tax returns. One of the easiest way of getting those tax returns is to contact your accountant because they have them all filed away for you. So you really should have both either of those items ready to go when you're ready to get them.
[00:03:14] Bo...

Hiring a Mover in Winnipeg
[00:00:00] Bo Kauffmann - REALTOR: Spring market is here. And as with every spring home sales are increasing. So more people are buying and selling, which means more people are going to end up moving. Do you do it yourself or do you hire a mover? So coming up next is an interview with a friend of mine who runs total moving in Winnipeg.
[00:00:16] Bo Kauffmann - REALTOR: And we're going to get some tips on how to find, hire, and select a great.
[00:00:20] Bo Kauffmann - REALTOR: Uh, you're listening to the bone knows real estate podcast tips and advice for home buyers, sellers, and owners with award winning Remax agent Beau Kaufman.
[00:00:41] Bo Kauffmann - REALTOR: All right today, we're going to be talking about moving, hiring a mover or doing it yourself. The moving industry I have found is one of those really unregulated industry, anybody with a pickup truck and call themselves a mover. It's like a home inspection, a service, anybody with a flashlight. Can call themselves a home inspector.
[00:00:57] Bo Kauffmann - REALTOR: So how do you weed through that? I can tell you a quick little story. When I was a police officer, I was sitting in the station and somebody came in and report that they had a whole bunch of stuff go missing from their moving company. It is, it is kind of a wild west out there as far as moving goes. So if you are going to hire a mover, make sure your hire a good one.
[00:01:18] Bo Kauffmann - REALTOR: And today we're going to be talking with a good friend of mine who runs total moving, which is fairly new here in Winnipeg. And we're going to talk to him next. His name is Colby kiss. All right. So I'm here with my friend Colby kiss from told will moving Winnipeg, uh, Colby. Let's get right into it and ask you if.
[00:01:37] Bo Kauffmann - REALTOR: There's so many movers out there. I mean, anybody with a pickup truck and call themselves a mover, it seems to me it's like a somewhat loosely regulated industry. There really is, you know, it's a wild west show out there. How do people find a great mover? What sets a great mover apart from the.
[00:01:53] Bo Kauffmann - REALTOR: You know, what's, um, bad.
[00:01:55] Colby Kiss - Total Moving: You're absolutely correct. In that sense, you gotta be careful with who you're hiring. Um, some places you might want to look to first would be like BBB, better business bureau. Uh, they only bring credible businesses on with business, better business bureau. Sorry. Um, we're on there. We have a great, great review system through them.
[00:02:11] Colby Kiss - Total Moving: The next would be check your Google reviews. That's probably your most important, um, important thing to look into, right? Like if you have a company has all five stars and they've got over. Say even 30 reviews, you're probably looking at a company that is somewhat credible and they can all be fake ones and companies are looking to do that.
[00:02:27] Colby Kiss - Total Moving: Right. So it is something companies do, unfortunately. But, um, if they're getting over the 30, 40 mark, they're definitely, they're definitely having customers that are having good experiences with them. So that's massive. And then another one we're hopping into, as soon as we get into, um, two years in business, sorry, is cam the Canadian association of movers, our business mentor and Phillips is in there.
[00:02:46] Colby Kiss - Total Moving: And. Set the steps up for us to get right in. We've already been deemed as, uh, as credible. And it's just about. Getting two years in the industry for us right now, so that we can hop into that one to further go into it. I guess like some things you'd want to look into when you're making the calls to the moving company, or you want to make sure that they're friendly, they're willing to help you right off that first phone call.
[00:03:06] Colby Kiss - Total Moving: I get lots of calls from...

It’s springtime, and Winnipeg home buyers are facing a very tough sellers market. How can first time buyers get a leg up in this highly competitive environment? Lets talk with mortgage expert, my friend Mike Schroeder of Mortgage Architects…next.
Home buyers in Winnipeg are in a very tuff spot. Our spring market is normally very competitive. This is when buyers come out in large numbers, and end up competing on homes and even condos.
This year they are facing 2 additional obstacles,: Lack of listings and rising interest rates.
Normally at this time , we have around 1200 houses on the market. This morning, we have just over 400. Whats worse, is that over half of them are new listings, and will likely be sold in the next couple of days.
Also, the headlines are shouting “Bank of Canada DOUBLES its interest rates”… adding more stress to the daily routines of home buyers.
So I thought it was high time that we speak with someone who knows mortgages, knows how to help home buyers and can add some perspective to these issues
Let’s say hellow to Mike Schroeder of Mortgage Architects in Winnipeg.

Welcome to Winnipeg’s Real Estate Market update for March 2022

Here we are at the beginning of March, and let’s take a look at the housing market first, then the condo market.
On March 1st, we had a total of 366 houses available for sale. That’s up a little from the 306 we had a month ago, but well below 577 on March 1st last year.
The main segment of activity continues to be in the 250k to 500k range where we sold 236 during Feb., and only have 157 available on March 1st.
The next busiest price range is from 500 to 1 million, with 129 sales during Feb.
A lot of listings start out in the 400 K range, but bidding drives their sold price up over 500K.
I just worked with a couple who bought their first home. It took 7 attempts to finally have our offer accepted. The home they bought was listed at $320K and they had to bid 95K over that. It’s tough to be a buyer right now.
Winnipeg’s condo market is not spared from this hectic activity. We currently have only 211 condos available, compared to 431 last year and 561 the year before.
Sales of 146 units in Feb. is an increase from the previous month, and significantly higher than the 86 sold in Feb. last year.
So in summary, Winnipeg continues to be a very strong seller’s market, so if you’re thinking of selling a house or condo, NOW is the time to call to get ready to sell. Call me anytime for a free market analysis.

Hello Winnipeg, welcome to my 60-second market update
Weather is cold, but our real estate market is HOOOOT
Check this out!
End of Feb, we normally have around 1200 houses for sale. Today that number is 349
Same with condos….normally 5-600 available, but today just 207
If you’re thinking of selling your house or condo, take advantage of this market right now. Call me to discuss the best strategy to get the most for your home.
If you’re a buyer, buckle up…. Multiple offers are pretty much the norm right now. Homes getting 10, 15 or more offers is fairly standard.
So why not wait until the inventory scarcity ends? Here is why: Right now it’s -40 and most of the buyers are still dormant. Once nice weather arrives, they will wake up and join the hunt for a home…..creating even more demand.
If you’re serious about buying or selling, a house or a condo in Winnipeg, call me right now
Bo Kauffmann, REMAX performance at 204-333-2202

Welcome to the real estate quickie for Feb 2022
First, let's look at the HOUSING market.
On Feb 1st we have 306 houses for sale in Winnipeg. Let’s put that into context.
Last year, which as you may recall, was a super hot sellers market, but we actually had 481 Houses available, or about 60% MORE than today. And 2 years ago, that number was over 1100….nearly 4 times what it is right now.
What are the real world effects of this type of market? House went up for sale in St James last week, at 370K, got 19 offers and sold for over 100K more….
Over the month of January, which is normally a pretty slow month, we sold 273 houses, with another 55 showing as pending, for a total potential sale of 328…. That means that, at this pace, if NO further listings came to market, everything would be sold in the next 29 days….. that is a super low inventory level.
But how about condos. Traditionally, they have a history of being more affordable and available.
Well, there are 227 Condos of all prices available in Winnipeg right now. One year ago that number was 402….. and 2 yrs ago it was 561
In January, we sold 69 condos, with another 40 showing as pending, for a total potential sale of 109 condos. This inventory level sits at 65 days…. While that’s double the level of houses, in the condo-market this is super fast.
So even condos are now selling with multiple offers, there is simply no escaping it.
If you’re a buyer, hold off if you can. And if you’re a seller, RIGHT NOW is a great time to list your home
If you have to do both, there are strategies available to maximize your results….call me to discuss that may be best for your unique and distinct situation.

Listing and sales stats for luxury houses and condos in Winnipeg as on July 15th 2021

Winnipeg Real Estate Market report for Winnipeg in April 2021
Also check out https://boknows.homes/news for the latest online publications