Nov 12, 2020
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
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
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