Tag Archives: real estate agent Winnipeg

Winnipeg Real Estate News – November MLS® Sales Up 9%

WinnipegRealEstateNews

PRESS RELEASE        December 4, 2015      For Immediate Release

BEST NOVEMBER ON RECORD AT OVER 900 SALES

November MLS® Sales Up 9%

 
 
WINNIPEG – Mild weather, hosting the Grey Cup, being singled out as one of the best destinations in the world to visit by National Geographic Traveler magazine, or just having a an excellent supply of terrific listings to choose from with such favourable mortgage rates, it was the first time November nudged over 900 sales in WinnipegREALTORS® 112-year history.
 
Not surprisingly, dollar volume was at its highest level too for this month at nearly $245 million and with a month to go, it is virtually assured a new annual dollar volume record will be set around the $3.5 billion mark. November also set a record for the highest-priced residential-detached or single family property sold ever at $2.7 million. It is a spectacular home and acreage nestled along the Assiniboine River in St. Francois Xavier.
 
“We have said all along this year Winnipeg is a very stable real estate market with good fundamentals supporting it,” said WinnipegREALTORS® president David MacKenzie. “November’s strong result puts us in an advantageous position to beat out last year’s solid sales performance and usher in a new annual dollar record.”
 
November MLS® unit sales of 903 represent an increase of nearly 9% over November 2014 and are the highest on record for this month. Similarly, dollar volume of close to $245 million set a new November dollar volume record and was up 12% over November 2014. Year-to-date MLS® unit sales of 12,285 are up less than 1% while dollar volume of $3.3 billion has increased almost 3% over the same period in 2014.
 
Listing supply continues to be elevated with 4,377 available for sale at the end of November. This total is only a 5% increase over last year but is significantly more in percentage terms over some previous years when there were well under 3,000 properties for sale.
 
“Higher levels of listings, particularly in a property type where there are not as many sales each month, can put downward pressure on pricing given the heightened competition for buyers”, said MacKenzie. “This is why it is so important to talk to your REALTOR® about your property type in the context of the current market. Where do you price your property best based on supply, location and competition within your price range segment?”
 
The 5 months of MLS® listings supply available at this time tilts more towards a buyers’ market. As a result it puts more of a premium on vendors to do everything possible to place their property in its most positive light to sell given the stiff competition which exists.
 
As for the status of different MLS® property types heading in to the final month of the year, residential-detached or single family homes which represent 3 out of every 4 homes sold so far in 2015, are ahead 3% in sales activity and 2% in average sales price in comparison to the same period in 2014.  The average sale price is $294,973.
 
Condominiums which got off to a real slow start at the beginning of the year have recovered to some extent but are still off 11% from 2014. Their average sales price of $236,947 is down less than 1% from last year. Condos are the second most active MLS® property type with 12% of total market share.
 
An affordable alternative to single family and condominium properties is single-attached. They have increased nearly 8% in sales this year and experienced an average sale price rise of over 3%. Their average sales price is $226,860. This third most active MLS® property type only captures 3% of the total MLS® market. Vacant land sales are slightly lower in activity but similar in percentage terms.
 
The most active price range in November for residential-detached sales was $250,000- $299,999 (22% of sales), followed by the $200,000- $249,999 (18%) and $150,000 -$199,999 (12%) and $300,000-$349,999 (12%). Average days on market for residential-detached sales was 41 days, a week slower than November 2014. The highest-priced residential-detached sale was $2.7 million. The least expensive sale was $49,000.
 
The most active price range in November for condominiums was the $150,000-$199,999 (29% of sales), followed by the $100,000-$149,999 (19%) and the $250,000-$299,999 (18%). Average days on market for condos was 49 days, 3 days off the pace set in November 2014. The highest-priced condo sale was $587,932 and the lowest sale price was $101,000.
 
Established in 1903, WinnipegREALTORS® is a professional association representing over 1,850 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market.  Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession.  REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by The Canadian Real Estate Association and are used under licence.
 
Residential  Detached Sales Chart November 2015 Residential  Detached Sales Market Comparisons November 2015

The Value of an Accredited Mortgage Professional (AMP)

 

 
The Accredited Mortgage Professional (AMP) is the national designation for Canada’s mortgage industry. Launched in 2004, the AMP designation was developed as part of CAAMP’s ongoing commitment to increasing the level of professionalism in Canada’s mortgage industry.
 
Raising public awareness and increasing the value of the designation is a high priority for CAAMP.
 

 
Source: WinnipegsBestMortgage.ca
 
Needing a Mortgage for a new purchase or looking at refinancing your Home, Contact Daryl Harris Mortgage Broker for WInnipeg

Mortgage Rates for June 30, 2015 — By Peter Paley

                                            

Peter Paley - Your Home and Mortgage Peter Paley

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.85%

5 yr variable

2.20%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Mortgage Rates for April 21, 2015 — By Peter Paley

                                            
Peter Paley - Your Home and Mortgage Peter Paley

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.64%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.85%

5 yr variable

2.20%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Sunday April 19, 2015 from 2 to 4 pm we have a Open House at 207 Academy Road

999-rose -- Open House Small Sign

Open House at 207 Academy Road

 Sunday April 19, 2015 from 2 to 4 pm

Real Estate Sign

Unit C - 207 Academy Road 020Unit C - 207 Academy Road 006

Location, location. Beautiful FULLY FURNISHED one bedroom condo right on Academy in R.H.  Newer renovations- lots of natural daylight – all newer kitchen appl. included.  Great open space – great for entertaining or just a personal comfortable lifestyle. Low condo fees.  Contact Realtor Rosalie at 204-999-7673

Unit C - 207 Academy Road 003 Unit C - 207 Academy Road 005

More pictures and information on this Beautiful Condo at 207 Academy

Can not make it to the Open House, Call Realtor Rosalie Drysdale to view ahead of time

Best Deals in Real Estate 2015: Overview

An in-depth look at the top cities—and neighbourhoods—to buy in across Canada
by Romana King and Mark Brown
March 11th, 2015

From the April 2015 issue of the magazine
Thinking about buying real estate in Canada this year? Get ready for a carnival. But instead of using bright lights and loud noises to distract would-be customers, the housing market relies on ever-increasing prices and the promise of future wealth to entice and awe.

Leaving a carnival a few bucks short isn’t a big deal, but make the wrong choice in today’s housing market and you could end up in a scary financial place, as sky-high prices continue to climb. Consider the Toronto market: Despite predictions the market would finally cool, sales in Canada’s largest city surged dramatically in the first two months of 2015, with the average home price jumping more than 10% year-over-year.

In a high-stakes market it’s tough to find advice you can trust, but we can help. We know most buyers are primarily concerned about two main things: They don’t want to overpay for their house, and they want to buy in an area where housing prices will keep rising after they buy.

To help you find these rare locales, we developed a proprietary real estate rating system. First we take a long hard look at housing prices in a given area, to make sure homes are reasonably priced compared to those in surrounding areas. Then we look at housing price trends to find places where home prices are most likely to keep rising in the years to come. In the pages that follow, we first apply our ranking system to Canada’s 35 largest cities. Then, for the big four—Vancouver, Calgary, EdmontonToronto and Montreal—we drill down deeper, rating every single neighbourhood in each city, so you can find exactly the right place to buy now.

Ranking the top 35 cities

To rank Canada’s largest 35 cities, we collected data from the Canada Mortgage and Housing Corporation, Environics Analytics and other sources in four categories: value, momentum, economic strength and rental income potential. These metrics helped us find cities where homes are reasonably priced, but where the economy is strong enough to ensure that prices will continue to rise.

We want to make sure you don’t overpay for your home, so we started by comparing average rent to average home prices in each city. Experts agree that if a city has a high price-to-rent ratio, then the market is overpriced. Then, we examined each city’s housing affordability. Taking into consideration local wages, we calculated how many years of average household income it would take to buy a typical family home.

Next, we set out to find markets where prices will continue to rise. We looked at whether the real estate market was balanced or not using the sales-to-listings ratio, which measures the balance between supply and demand. If a market has more demand than supply, we know it’s a seller’s market, and prices will likely go up. We also examined how fast home prices have risen over the last year and over the last five years, and how much rents have appreciated over the half decade, as rapidly rising rents indicate a community with a pent-up demand for housing.

After that, we turned our attention to each city’s local economy. By analyzing unemployment rates, gross domestic product estimates and discretionary income levels, we were able to get a read on the local economic strength of each region—important because house prices will only go up if local residents can afford to pay them.

Finally, by ranking each city’s five-year rent appreciation rates and matching that with each city’s current vacancy rate, we were able to rank the rental income potential for each city. This is helpful because a low vacancy rate indicates pent-up housing demand, as well as a strong rental market.

Like the carnival barker’s promise of good news, we’re confident our research will cheer up any house hunter. But we should offer one caution: while our system does a good job of crunching historical data, it can’t factor in rapidly changing situations, such as a sudden housing crash or, as we’re currently seeing in Calgary and Edmonton, the effect of a sudden drop in oil prices or other local economic shock. In markets where things are changing rapidly, you should do your own research and use our recommendations with care.

Canada’s top neighbourhoods

We know that most home buyers aren’t looking to move to a different city—they just want to find the best local neighbourhood to move to. So next we turned our attention to ranking every neighbourhood in VancouverCalgaryEdmontonToronto and Montreal to find out which areas offered the most value and growth potential.

To determine neighbourhood value, we compared the average home price in each neighbourhood to the average home price in the surrounding area, the metro district, and, finally, in the greater municipality.

But sometimes a neighbourhood is cheap for good reason. We wanted to avoid stagnating, depressed neighbourhoods with poor local economies and social problems, so, as we did for the Top 35 Cities list, we also examined neighbourhood price appreciation over the last five years. The stronger the overall appreciation, the higher these neighbourhoods ranked.

Finally, we wanted to analyze those intangible qualities that make for an enjoyable place to live. Things like the quality of the local schools, community feel, access to transit, and even how easy it is to get a good cup of coffee. For that we turned to our panel of experts. Zoocasa is a national real estate brokerage owned by Rogers (which also owns MoneySense) with a mandate to help home buyers find top-notch realtors. They helped us put together a panel of 10 to 60 local real estate experts in each of the four cities, who helped rank the desirability of each city’s neighbourhoods.

One final note. In the Montreal and Calgary neighbourhood rankings we used average home prices, as supplied by their respective real estate boards. The prices used for the Greater Vancouver and Greater Toronto areas, however, are benchmark prices. Known as the Home Price Index (HPI), this price provides a less volatile measure of average home prices as it eliminates the very expensive or very inexpensive home sales in a neighbourhood—sales that can quickly throw off an average.

When ranking the top neighbourhoods not all metrics were weighted equally. Read our full methodology.

SOURCES: Canada Mortgage and Housing Corporation; Canadian Real Estate Association; Environics Analytics: WealthScapes 2014.

Source: MoneySense

We would like to thank national licensed real estate brokerage Zoocasa for making its experienced realtors available for our expert panel.

 

Winnipeg Real Estate News 2015 – FEBRUARY MLS® ACTIVITY CONFIRMS REAL ESTATE IS ‘LOCAL’

Winnipeg real estate News Logo
 
FEBRUARY MLS® ACTIVITY CONFIRMS REAL ESTATE IS ‘LOCAL’
–              –              –
Year-to-Date MLS® Statistics Up Slightly

 
WINNIPEG – There will be an excess of white noise from all media outlets across the country about real estate market activity in the first two months of the year.  We will be bombarded by new highs and lows from Toronto and Calgary and Vancouver … but the real story should address what’s happening in Winnipeg. If we want to know the weather, we don’t listen to the Toronto radio and TV feeds – we listen to our local experts. The same should be true about our real estate market.
 
February MLS® listing inventory, the number of properties available for sale in Winnipeg, rose 24%. So buyers had more properties to choose from than last February, which should indicate more balance in the marketplace.
 
Listings entered into the MLS® system were also up 18% over last February, with the addition of 1,535 properties.
 
The number of sales processed in the month was just 8 shy of last February, with 672 sales recorded (680 in 2014). And dollar volume was down 2% at $172 million vs. $176 million last February.
 
All in all, a balanced market that is keeping pace with last year and last year was a very decent real estate market in Winnipeg.
 
The February numbers helped maintain January’s quick start. Year-to-date numbers are still providing more choice for buyers while sales and dollar volume almost mirror last year’s numbers.  New listings added in the first two months are up 21% at 3,090 (2,549 in 2014), sales are up 1% over 2014 (1,260 vs. 1,245) and dollar volume is up .6% at $324 million vs. $322 million.
 
President David MacKenzie referred to the activity in the first two months and looked back at the Association’s Forecast Breakfast in January.
 
“We all realize that two months doesn’t make a market … or accurately indicate a direction. But at our Forecast Breakfast early in the year our experts told us that 2015 looked as if home sales would increase slightly over 2014 (up zero to 2%), home prices should increase the same 0-2%. Condo prices should increase a little more at 2-4% while dollar volume should increase slightly – around 1-3%.
 
“We will of course monitor the activity every month, but it looks like January and February have given us a solid platform on which to continue to build our crystal-ball projections.”
 
The most active residential-detached range in February was $250,000 to $299,999 at 22% of the market while the usual frontrunner price range of $200,000 to $249,999 fell back to second busiest at 17%. The average days on market for residential-detached sales was 34 days, one day quicker than February 2014.
 
For condominium sales activity in February, the $150,000 to $199,999 price range was the most dominant again at 33% of total sales with the $250,000 to $299,999 range capturing 23% of sales. The average days on market for condominiums in February was 48 days, 4 days slower than February 2014.
 
Established in 1903, WinnipegREALTORS® is a professional association representing over 1,800 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market.  Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession.  REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by The Canadian Real Estate Association and are used under licence.

 

Source: Winnipeg Realtor

Selling Your Home ? The Importance of Using an Agent


 
Selling Your Home? The Importance of Using an Agent | Keeping Current Matters
 
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.
 
In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. For the past two years, 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ most recent Profile of Home Buyers & Sellers.
 
However, the report also revealed that for the second year in a row 96% percent of buyers that used the internet when searching for a home purchased their home through either a real estate agent/broker or from a builder or builder’s agent. Only 2% purchased their home directly from a seller whom the buyer didn’t know.
 
Buyers search for a home online but then depend on an agent to find the actual home they will buy (53%) or negotiate the terms of the sale & price (31%) or understand the process (63%).
 
Stephen Phillips, the Chief Operating Officer for HSF Affiliates LLC, put it best:

“Home buyers are more informed than ever with their Internet searches and ongoing research; however, there’s a critical need to transform that information into analysis and advice that helps consumers make the best home-buying and selling decisions.

The plethora of information now available has resulted in an increase in the percentage of buyers that reach out to real estate professionals to “connect the dots”. This is obvious as the percentage of overall buyers who used an agent to buy their home has steadily increased from 69% in 2001.
 

Bottom Line

 
If you are thinking of selling your home, don’t underestimate the role a real estate
professional can play in the process.
 
Source: keepingcurrentmatters.com

Thinking of Buying ? What are you waiting for ?

Thinking of Buying? What are you waiting for? | Keeping Current Matters

If you are planning on becoming a homeowner, or moving up to the home of your dreams in 2015, here are four great reasons to consider buying a home now, instead of waiting until spring.

1. Prices Will Continue to Rise

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 11.7% (most pessimistic) and 27.5% (most optimistic).

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of 2015.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

3. Either Way You are Paying a Mortgage

As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But, what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Source: keepingcurrentmatters.com

Mortgage Rates for February 24, 2015 — By Peter Paley

                                            
Peter Paley - Your Home and Mortgage Peter Paley

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.99%

2.69%

2 YEARS

2.94%

2.39%

3 YEARS

3.44%

2.54%

4 YEARS

3.94%

2.64%

5 YEARS

4.79%

2.74%

7 YEARS

6.04%

3.39%

10 YEARS

6.50%

3.84%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.85%

5 yr variable

2.20%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website