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.
🇨🇦 𝘾𝙖𝙣𝙖𝙙𝙞𝙖𝙣 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰
Moody’s Analytics expects Canada’s 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)
🏞️ 𝙒𝙞𝙣𝙣𝙞𝙥𝙚𝙜 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰
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.
☎️ 𝙋𝙝𝙤𝙣𝙚 𝘾𝙖𝙡𝙡 𝙒𝙞𝙩𝙝 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙈𝙞𝙠𝙚 💹
Mike Schroeder of Mortgage Architects tell us about alternatives to CMHC, which include Canada Guarantee and Genworth. Both of these allow buyers to buy ‘more house’ than CMHC. Mortgage Brokers offer access to all three insurers, which can help buyers, especially ones with bruised credit or new to Canada.
📆 𝙏𝙝𝙞𝙨 𝙒𝙚𝙚𝙠 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙡𝙤𝙜 📭
New post titled “8 things you can do to protect your plants this winter”. Winter is coming, and protecting your plants will help them thrive in the spring.
🔦 𝙎𝙥𝙤𝙩𝙡𝙞𝙜𝙝𝙩 𝙤𝙣 𝙡𝙤𝙘𝙖𝙡 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 🏪
It’s 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
👪 🗯 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 𝙖𝙣𝙙 𝙇𝙞𝙣𝙠𝙨 🖥
Next week we’ll have another call with Mortgage Mike, more news and updates, as well as answering a listeners question: “How to upgrade my 1980’s house”.