Team Updates

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How do you save up the down payment as a first time home buyer？ Well the government of Canada has come up with a great program to help you out with this. It's called the First Home Savings Account. It works very similar to an RRSP in that any contributions you make are tax deductible as well as funds are allowed to grow tax free within the account. You can contribute up to $8,000 per year plus you can contribute an additional $8,000. If you have made contributions in the previous year. The max amount you can contribute is $40,000 and I just believe this is just a great program to help first time home buyers on their pathway to homeownership and if you need any more help with this or details to the program give me a call anytime here at the office. I'm here to help you out.

What's going to happen in the Winnipeg Real Estate Market in 2025? But first, how did our predictions do last year in 2023 with 2024 market? We were a 100% accurate. We said that interest rates would drop and they did. We said that there would be strong demand for housing and there was. We also said that there would be an increase in overall prices and there was a massive increase in overall prices. Especially compared to rest of Canada. Now going into 2025, what do we expect? Very similar results, we expect that interest rates will continue on their downward trend, we expect there to be an increase in demand for houses. Especially with a lot of those interest rates resetting for people who had low mortgages in 2020 and 2021 and we expect because all of this prices to increase again and finally from all of us at Judy Lindsay Team Realty have a very Merry Christmas and all the best in 2025!

What is the most common advice that agents give their clients in December and also what you should really know if you're thinking of selling your house in December but first, what happened in the Winnipeg Real Estate Market in November. In November in Winnipeg, we saw sales stay almost exactly the same over last year up .5 % and prices up a staggering 12%. In condos, we saw sales down 10.6% and prices up 7.7%. As you can see the market and Winnipeg continues to be strong because of lack of supply of houses we're seeing that really good increase in overall pricing and this is expected to continue into 2025. Now what most agents tell their clients in December is to take their houses off the market and bring them back in January where they can get a new MLS number, a 2025 MLS number, so it looks fresh to market. Now the only problem with that is that Real Estate is and always has been about supply and demand meaning that as houses come off the market there's less supply which means there's greater demand. It's really not quite as simple as that and that's why you have to work closely with your Realtor to ensure that you are going to market at the right time and the right price.

These are my five non negotiables when it comes to hiring a property management company. No. 6 is having a proven system for tenant screening. Hiring a property management company that has a great screening system for tenants couldn't be more important. The quality of tenants you put in your investment really determines the quality of your investment so, hiring a company that has a system as far as background checks and credit checks to ensure you have a great tenant will certainly ensure that you have a great investment.

These are my five non negotiables when it comes to hiring a property management company. No. 5 is having an online portal for accessibility to your property. Having online access to your property and the property management company makes life so easy. At any point in time you can go on, see when the rent's collected, how much has been collected, if there's any outstanding maintenance, when it's due and see all your invoices at your convenience.

These are my five non-negotiables when it comes to hiring a property management company. Number 4 is having a reliable contact for maintenance contractors. Knowing that your property management is using quality contractors when it comes to your property management makes a huge difference on your investment. This way you know that you're going to get good work done on your place, it's going to get done on time as well it's going to be done at a reasonable price.

These are my five non negotiables when it comes to hiring a property management company. Number two, being licensed and having a physical location. Being a licensed Property Manager and having a physical office makes a big difference to use as an owner and as a tenant. The reason as an owner is you know you're dealing with someone who's regulated by the Manitoba Securities Commission as well as by the Real Estate Board so everything's being done properly. As a tenant you end up getting better tenants in there because they know it's also being done professionally, with proper guidelines, if they have any problems they can come see you at your physical office and drop their cheques off there.

These are my five non negotiables when it comes to hiring a property management company. Number one is accessibility, being able to access your property manager 24 hours a day is extremely important. Especially for tenants if there's an issue in the middle of the night it needs to be dealt with immediately before a small problem becomes a big problem.