Oct 1, 2020
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Real estate markets in the U.S. are quite hot right now. Buyer demand far exceeding inventory. Low interest rates and seller reluctance to sell are the key reasons given.
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Moodyβs Analytics expects Canadaβs real estate value to take a downturn next year, especially in Calgary & Edmonton (10%), Toronto (9%) and Vancouver (7%). Smaller markets are expected to fare better, due to increased demand for larger homes and more space at affordable prices. (Winnipeg)
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Winnipeg remains a hot sellers market, especially for houses under 400K. High buyer demand and 45% fewer listings than last year same time.
Pandemic stage orange has been instituted and masks are mandatory in public places. Still going to Open Houses? Be careful out there.
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Mike Schroeder of Mortgage Architects tell us about alternatives to CMHC, which include Canada Guarantee and Genworth. Both of these allow buyers to buy βmore houseβ than CMHC. Mortgage Brokers offer access to all three insurers, which can help buyers, especially ones with bruised credit or new to Canada.
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New post titled β8 things you can do to protect your plants this winterβ. Winter is coming, and protecting your plants will help them thrive in the spring.
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Itβs time to check your furnaces. By signed up to Aire-Serv Heating and A/C Maintenance Plan, you get a furnace check and clean now, plus an A/C check in the springtime. Also included is a 10-15% discount on any needed repair parts and labour. All for $190 plus taxes. Go to Aire-Serv Heating and A/C
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Next week weβll have another call with Mortgage Mike, more news and updates, as well as answering a listeners question: βHow to upgrade my 1980βs houseβ.
For more real estate info, check my blog at https://blog.winnipeghomefinder.com
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