Winnipeg Realtor and Real Estate Blog

RSS

 

Winter Home Selling Checklist [INFOGRAPHIC] | MyKCM

Some Highlights

  • As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal.
  • This list will help you get started, but don’t forget, a real estate professional will provide other helpful tips based on your specific situation.
  • Let’s connect so you have advice on what you may want to do to get your house ready to sell this season.
Read

Key Advantages of Buying a Home Today

Key Advantages of Buying a Home Today | MyKCM

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates.

Buying a home in any market is a personal decision, and the best way to make that decision is to educate yourself on the facts, not following sensationalized headlines in the news today.  The reality is, headlines do more to terrify people thinking about buying a home than they do to clarify what’s actually going on with real estate.

Here are three reasons potential homebuyers should consider buying a home today.

1. More Homes Are for Sale Right Now

According to data from the Canadian Real Estate Association (CREA), this year, the supply of homes for sale has grown significantly compared to where we started the year (see graph below):

This growth has happened for two reasons: homeowners listing their homes for sale and homes staying on the market a bit longer as buyer demand has moderated in response to higher mortgage rates.

The good news for you is that more inventory means more homes to choose from. And when there are more homes on the market, you could also see less competition from other buyers because the peak frenzy of competing over the same home has eased too.

2. Home Prices Are Not Projected To Crash

Experts don’t believe home prices will crash lke they did in 2008. Instead, home prices will moderate at various levels depending on the local market and the factors, like supply and demand, at play in that area. That’s why some experts are calling for slight appreciation and others are calling for slight depreciation :

If you consider the big picture and average the expert forecasts for 2023 together, the expectation is for relatively flat or neutral price appreciation next year. So, if you’re worried about buying a home because you’re afraid home prices will crash like they did in 2008, rest assured that’s not what expert projections tell us.

3. Mortgage Rates Have Risen, but They Will Come Down

While mortgage rates have risen dramatically this year, the rapid increases we’ve seen have moderated in recent weeks as early signs hint that inflation may be easing slightly. Where they’ll go from here largely depends on what happens next with inflation. If inflation does truly begin to cool, mortgage rates may come down as a result.

When that happens, expect more buyers to jump back into the market. For you, that means you’ll once again face more competition. Buying your house now before more buyers reenter the market could help you get one step ahead. As Lawrence Yun, Chief Economist for NAR, says:

The upcoming months should see a return of buyers, as mortgage rates appear to have already peaked and have been coming down since mid-November.”

When mortgage rates come down, those waiting on the sidelines will jump back in. Your advantage is getting in before they do.

Bottom Line

If you’re thinking about buying a home, you should seriously consider the advantages today’s market offers. Let’s connect so you can make the dream of homeownership a reality. 

Read
Categories:   #1 Real Estate Team in Winnipeg | 1B Real Estate | 1F Real Estate | 1G Real Estate | 1P Real Estate | 2C Real Estate | 2D Real Estate | 2E Real Estate | 2J Real Estate | 3A Real Estate | 3B Real Estate | 3D Real Estate | 3E Real Estate | 3F Real Estate | 3G Real Estate | 3J Real Estate | 3K Real Estate | 3MCPARK, 3M Real Estate | 3P Real Estate | 4B Real Estate | 4C Real Estate | 4F Real Estate | 4G Real Estate | 5B Real Estate | 5C Real Estate | 5F Real Estate | 9A Real Estate | Algonquin Estates Real Estate | Algonquin Estates, 3H Real Estate | Amber Trails, 4F Real Estate | Anola, Dugald, Hazelridge, Oakbank, Vivian, Manitoba Other Real Estate | Anola, Dugald, Hazelridge, Oakbank, Vivian, North East Winnipeg Real Estate | Anola, Dugald, Hazelridge, Oakbank, Vivian, Winnipeg area Real Estate | Anola, R04 Real Estate | Birds Hill Real Estate | Birds Hill Town, 3P Real Estate | Birds Hill, North East Winnipeg Real Estate | Birdshill Area, North East Winnipeg Real Estate | Bridgeview Estates, 3J Real Estate | Bridgewood Estates, 3J Real Estate | Bridgewood Estates, North East Winnipeg Real Estate | Bridgwater Forest, 1R Real Estate | Bridgwater Forest, South West Real Estate | Bridgwater Forest, South Winnipeg Real Estate | Bridgwater Lakes, 1R Real Estate | Brooklands, 5D Real Estate | Bunns Creek, North East Winnipeg Real Estate | Buyers Agent | Buying | Canada Real Estate | Canterburry Park, North East Winnipeg Real Estate | Canterbury Park, 3M Real Estate | Canterbury Park, North East Winnipeg Real Estate | Central Winnipeg Real Estate | Central Winnipeg, Central Winnipeg Real Estate | Central Winnipeg, Winnipeg area Real Estate | Charleswood Real Estate | Charleswood, 1F Real Estate | Charleswood, 1G Real Estate | Charleswood, South Winnipeg Real Estate | Charleswood, West Winnipeg Real Estate | Chinatown, 9A Real Estate | Chinatown/Exchange District, 9A Real Estate | Chinatown/Exchange District, Central Winnipeg Real Estate | Cooks Creek, Manitoba Other Real Estate | Cook’s Creek, R04 Real Estate | Corydon Village, South Winnipeg Real Estate | Creekside Estates, R14 Real Estate | Crescentwood, 1B Real Estate | Crescentwood, South West Winnipeg Real Estate | Crescentwood, South Winnipeg Real Estate | Crestview, 5H Real Estate | Crocus Meadows Real Estate | Crocus Meadows, 3K Real Estate | Crocus Meadows, North East Winnipeg Real Estate | Devonshire Park, 3K Real Estate | Devonshire Village, 3K Real Estate | Devonshire Village, North East Winnipeg Real Estate | Downtown, 9A Real Estate | Dufresne, Landmark, Lorette, Ste. Genevieve, Manitoba Other Real Estate | Dufresne, Manitoba Real Estate | Eagle Ridge, West Winnipeg Real Estate | Eaglemere, 3E Real Estate | East Elmwood, 3B Real Estate | East Elmwood, North East Winnipeg Real Estate | East Kildonan Real Estate | East Kildonan, 3A Real Estate | East Kildonan, 3B Real Estate | East Kildonan, 3C Real Estate | East Kildonan, 3D Real Estate | East Kildonan, 3E Real Estate | East Kildonan, North East Winnipeg Real Estate | East Kildonan, Winnipeg area Real Estate | East St Paul, 3P Real Estate | East St. Paul, North East Winnipeg Real Estate | East St. Paul, Winnipeg area Real Estate | East Transcona, 3M Real Estate | East Transcona, North East Winnipeg Real Estate | Elm Park, South Winnipeg Real Estate | Elmwood, 3A Real Estate | Elmwood, North East Winnipeg Real Estate | Exchange District, 9A Real Estate | Fort Garry Industrial Park, South Winnipeg Real Estate | Fort Garry, 1J Real Estate | Fort Garry, 1Jw Real Estate | Fort Garry, Whyte Ridge, St Norbert Real Estate | Fort Garry, Whyte Ridge, St Norbert, South Winnipeg Real Estate | Fort Garry, Whyte Ridge, St Norbert, Winnipeg area Real Estate | Fort Richmond, 1K Real Estate | Fort Richmond, South Winnipeg Real Estate | Fort Rouge, 1A Real Estate | Fort Rouge, Central Winnipeg Real Estate | Fort Rouge, Crescentwood, Riverview, Central Winnipeg Real Estate | Fort Rouge, Crescentwood, Riverview, South Winnipeg Real Estate | Fort Rouge, Crescentwood, Riverview, Winnipeg area Real Estate | Fraser's Grove, 3C Real Estate | Fraser's Grove, North East Winnipeg Real Estate | Garden City, 4F Real Estate | Garden City, 4G Real Estate | Garden Grove, 4K Real Estate | Glenelm, 3C Real Estate | Glenelm, North East Winnipeg Real Estate | Grace Hospital, 5F Real Estate | Grace Hospital, West Winnipeg Real Estate | Grande Pointe, R07 Real Estate | Habour View South, North East Winnipeg Real Estate | Harbour View South Real Estate | Harbour View South, 3J Real Estate | Harbour View South, North East Winnipeg Real Estate | Harbour View South, South Winnipeg Real Estate | Headingley South, 1W Real Estate | Heritage Park, 5H Real Estate | Ile des Chenes, Manitoba Other Real Estate | Island Lakes, 2J Real Estate | Island Lakes, South East Winnipeg Real Estate | Jameswood, 5F Real Estate | Jameswood, West Winnipeg Real Estate | Kildonan Estates Real Estate | Kildonan Estates, 3J Real Estate | Kildonan Estates, North East Winnipeg Real Estate | Kildonan Green, 3K Real Estate | Kildonan Green, North East Winnipeg Real Estate | Kildonan Meadows, 3K Real Estate | Kildonan Meadows, North East Winnipeg Real Estate | Lake Manitoba Narrows, R19 Real Estate | Lake Manitoba Narrows, R31 - Parkland Real Estate | Lakeside Meadows, 3K Real Estate | Lakeside Meadows, North East Winnipeg Real Estate | Linden Woods, 1M Real Estate | Lorette, Manitoba Other Real Estate | Lorette, Tache Real Estate | Low condo fees | Mandalay West, 4H Real Estate | Manitoba Other Real Estate | Manitoba Other, Manitoba Other Real Estate | Maples Real Estate | Maples, 4H Real Estate | Maples, Tyndall Park, North West Winnipeg Real Estate | Margaret Park, 4D Real Estate | Meadowood, 2E Real Estate | Meadowood, South East Winnipeg Real Estate | Meadows West, 4L Real Estate | Meadows West, North West Winnipeg Real Estate | Middlechurch, Rivercrest, Manitoba Other Real Estate | Middlechurch, Rivercrest, North West Winnipeg Real Estate | Mission Gardens Real Estate | Mission Gardens, 3K Real Estate | Mission Gardens, North East Winnipeg Real Estate | Misson Gardens, North East Real Estate | Morse Place, 3B Real Estate | Narol, R02 Real Estate | North East Winnipeg Real Estate | North End Real Estate | North End, 4A Real Estate | North End, 4B Real Estate | North End, 4C Real Estate | North End, North East Winnipeg Real Estate | North End, North West Winnipeg Real Estate | North End, North Winnipeg Real Estate | North End, Winnipeg area Real Estate | North Kildonan North East Winnipeg Winnipeg Winnipeg and Area Manitoba Real Estate | North Kildonan Real Estate | North Kildonan, 3F Real Estate | North Kildonan, 3G Real Estate | North Kildonan, 3H Real Estate | North Kildonan, North East Winnipeg Real Estate | North Kildonan, Winnipeg area Real Estate | North Meadows, North West Winnipeg Real Estate | North West Winnipeg Real Estate | Norwood Flats, 2B Real Estate | Norwood Flats, South East Winnipeg Real Estate | Norwood, 2B Real Estate | Oakbank Real Estate | Oakbank, R04 Real Estate | Oakbank, Winnipeg area Real Estate | Oakville, Manitoba Other Real Estate | Oakwood Estates, 3H Real Estate | Oakwood Estates, North East Winnipeg Real Estate | Old Kildonan, 4F Real Estate | Osborne Village, 1B Real Estate | Osborne Village, Central Winnipeg Real Estate | Parkdale, R13 Real Estate | Parkway Village, 4F Real Estate | Peppertree Corner, North East Winnipeg Real Estate | Point Douglas, Central Winnipeg Real Estate | Polo Park, 5C Real Estate | Pritchard Farm Properties, North East Winnipeg Real Estate | Pulberry, 2C Real Estate | R02 Real Estate | R03, R03 Real Estate | R04 Real Estate | R04OBANK, R04 Real Estate | R05, R05 Real Estate | R06, R06 Real Estate | R07, R07 Real Estate | R14 Real Estate | R14, R14 Real Estate | R16, R16 Real Estate | R18, R18 Real Estate | R19 Real Estate | Richmond West, 1S Real Estate | River Heights North, 1C Real Estate | River Heights Real Estate | River Heights, 1C Real Estate | River Heights, 1D Real Estate | River Heights, Central Winnipeg Real Estate | River Heights, South Winnipeg Real Estate | River Heights, Tuxedo, Linden Woods Real Estate | River Heights, Tuxedo, Linden Woods, Central Winnipeg Real Estate | River Heights, Tuxedo, Linden Woods, River Heights North Real Estate | River Heights, Tuxedo, Linden Woods, South West Winnipeg Real Estate | River Heights, Tuxedo, Linden Woods, South Winnipeg Real Estate | River Heights, Tuxedo, Linden Woods, West Winnipeg Real Estate | River Park South, 2F Real Estate | River Park South, South East Winnipeg Real Estate | River West Park, West Winnipeg Real Estate | Riverbend, 4E Real Estate | Riverbend, North West Real Estate | Riverbend, North West Winnipeg Real Estate | Riverview, 1A Real Estate | RM of Springfield, South East Winnipeg Real Estate | RM of St Francois Xavier, R11 Real Estate | Royalwood, 2J Real Estate | Sage Creek, 2K Real Estate | Sage Creek, South East Winnipeg Real Estate | Sage Place, Oakbank Real Estate | Sargent Park Real Estate | Sargent Park, 5C Real Estate | Scotia Heights, 4D Real Estate | Selkirk Real Estate | Selkirk, Manitoba Other Real Estate | Selkirk, R14 Real Estate | Serenity Trails, R05 Real Estate | Silver Harbour, Gimli Real Estate | Silver Harbour, R26 Real Estate | Silver Heights, 5F Real Estate | Silver Heights, West Winnipeg Real Estate | Sinclair Park, 4C Real Estate | Social Media Posts | South Pointe, 1R Real Estate | South Winnipeg Real Estate | Southdale, 2H Real Estate | Southland Park, 2K Real Estate | Springfield, R04 Real Estate | St Boniface Real Estate | St Boniface, 2A Real Estate | St Boniface, South East Winnipeg Real Estate | St Boniface, Winnipeg area Real Estate | St Clement, R02 Real Estate | St James, 5E Real Estate | St James, West Winnipeg Real Estate | St Norbert, 1Q Real Estate | St Norbert, South Winnipeg Real Estate | St Vital, 2C Real Estate | St Vital, 2D Real Estate | St Vital, South East Winnipeg Real Estate | St Vital, South Winnipeg Real Estate | St Vital, Winnipeg area Real Estate | St. Boniface Real Estate | St. Boniface, 2A Real Estate | St. Boniface, South Winnipeg Real Estate | St. Clements, Manitoba Other Real Estate | St. Clements, Winnipeg area Real Estate | St. Vital, South East Winnipeg Real Estate | Ste. Anne, Richer, Manitoba Other Real Estate | Stonewall, R12 Real Estate | Sun Valley, North East Winnipeg Real Estate | Transcona, 3K Real Estate | Transcona, 3L Real Estate | Transcona, North East Winnipeg Real Estate | Transcona, South East Winnipeg Real Estate | Transcona, Winnipeg area Real Estate | Tuxedo, 1E Real Estate | Tuxedo, South Winnipeg Real Estate | Tyndall Park, 4J Real Estate | University Heights, 1K Real Estate | Valley Gardens Real Estate | Valley Gardens, 3E Real Estate | Valley Gardens, North East Winnipeg Real Estate | Valley Gardens, South East Winnipeg Real Estate | Vivian, R04 Real Estate | Water Side Estates, North East Winnipeg Real Estate | Waterford Green, North West Winnipeg Real Estate | Waterside Estates, 2G Real Estate | Waterside Estates, 3K Real Estate | Waterside Estates, North East Winnipeg Real Estate | Waverley Heights, 1L Real Estate | West End Real Estate | West End, 5C Real Estate | West End, Central Winnipeg Real Estate | West End, West Winnipeg Real Estate | West End, Wolseley, North West Winnipeg Real Estate | West End, Wolseley, West Winnipeg Real Estate | West Fort Garry, 1Jw Real Estate | West Kildonan Real Estate | West Kildonan, 4D Real Estate | West Kildonan, Garden City North West Winnipeg Winnipeg Winnipeg and Area Manitoba Real Estate | West Kildonan, Garden City Real Estate | West Kildonan, Garden City, North West Winnipeg Real Estate | West Kildonan, Garden City, West Winnipeg Real Estate | West Kildonan, Garden City, Winnipeg area Real Estate | West St Paul, R15 Real Estate | West St Paul, West St Paul Real Estate | West St. Paul, Manitoba Other Real Estate | West Transcona, 3L Real Estate | West Transcona, North East Winnipeg Real Estate | West Transcona, South East Winnipeg Real Estate | Westdale, West Winnipeg Real Estate | Weston, 5D Real Estate | Weston, West Winnipeg Real Estate | Westwood, Crestview, West Winnipeg Real Estate | Whyte Ridge, 1P Real Estate | Windsor Park, 2G Real Estate | Windsor Park, South East Real Estate | Windsor Park, Southdale, Island Lakes, South East Winnipeg Real Estate | Winnipeg area Real Estate | Winnipeg Real Estate | Wolseley, 5B Real Estate
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.