🏡 𝗛𝗢𝗪 𝗠𝗨𝗖𝗛 𝗗𝗢𝗘𝗦 𝗜𝗧 𝗖𝗢𝗦𝗧 𝗧𝗢 𝗢𝗪𝗡 𝗔 𝗛𝗢𝗠𝗘 𝗜𝗡 𝗪𝗜𝗡𝗡𝗜𝗣𝗘𝗚? 🤷🏻
After buying your house or condo, how much does it 𝗰𝗼𝘀𝘁 𝘁𝗼 𝗼𝘄𝗻 it?
✅ Utilities
✅ Taxes
✅ Insurance
what else ❓❓
Info and Tips for Buyers and Sellers of Real Estate
Info and Tips for Buyers and Sellers of Real Estate
Info and Tips for Buyers and Sellers of Real Estate
Articles focusing on buying a house in Winnipeg.
🏡 𝗛𝗢𝗪 𝗠𝗨𝗖𝗛 𝗗𝗢𝗘𝗦 𝗜𝗧 𝗖𝗢𝗦𝗧 𝗧𝗢 𝗢𝗪𝗡 𝗔 𝗛𝗢𝗠𝗘 𝗜𝗡 𝗪𝗜𝗡𝗡𝗜𝗣𝗘𝗚? 🤷🏻
After buying your house or condo, how much does it 𝗰𝗼𝘀𝘁 𝘁𝗼 𝗼𝘄𝗻 it?
✅ Utilities
✅ Taxes
✅ Insurance
what else ❓❓
Are you looking to buy a home? Keeping in mind that this will most likely be the largest investment of …
Are you confused about real estate abbreviations or listing terminology? Do you feel like real estate agents are trying to confuse you with real estate terms and real estate acronyms?
If you’re working with real estate brokers in the search of a new home, most likely you are receiving MLS® real estate listings via the new Keystone Matrix® system. My buyers are always asking me to explain what some of the real estate abbreviations or real estate terminology stands for, so I thought I might create this post to help everyone out.
Generally from the top of the listing sheet on down, here is the list of abbreviations
DOM: Days On Market reflects how many days since the home has been listed by the agent
TYPE:Â This refers to one of the 4 different types of homes the listing service is displaying. They are:
RD = Residential Detached. This is the most common type of house, the one most people think of when looking at homes.
SA = Single Attached (Side by Side). These are two residences which share one common wall. They are cheaper to build, and therefor less expensive to purchase as well
TH = Townhouse. Usually found in rows of 4, 6 or even more. One long building which has a number of separate homes. The end units share one wall, while all interior units actually share 2 common walls.
MH = Mobile Home. Generally means a home which is located in a mobile home park. Careful here, as a ‘mobile home’ might actually be firmly attached to a foundation, and thus become real property.
TAX AMOUNT: This is supposed to be the TOTAL GROSS property taxes, including all Education Taxes, Local Improvements etc. As an owner-occupant, you would qualify for a $700 Provincial Rebate
RMA:Â Means Rooms Above Ground level. This indicates the total number of rooms such as any formal dining room, kitchen and living room, but NOT bathrooms or powder room, etc.
BDA: Bedrooms Above Ground. Includes the master bedroom and all secondary bedrooms located above ground level
TBD: Total Bedrooms (including basement bedrooms). This is how you can tell how many bedrooms are in the basement. Simply subtract the BDA from the TBD and see that the basement has 2 bedrooms, for example. Careful here: Just because a property sellers are listing it as a bedroom, does not necessarily mean it fits the legal description of a bedroom.
FB: Number of full Bathrooms (a “FULL” bathroom has at least 3 pieces, so for example: toilet, sink and shower, or toilet, sink and tub)
HB: Number of half Bathrooms (a half bath might have only 1 piece, such as a toilet, or just a sink, but most often has 2 pieces)
EN: Ensuite, which refers to a bathroom that is accessible from a bedroom directly
Exterior: Refers to the exterior surface of the home’s walls. Most common in Winnipeg is stucco, but could also include brick, siding (including vinyl and aluminum siding) and wood.
Foundation: Most common is concrete, but older homes often feature STONE or sometimes Cinderblock or even brick. In the 1980s there was a fad for ‘Preserved Wood’ foundations.
Heating: Most common is ‘forced air’ which indicates central heat (preferred). Other options might be Hot Water (radiators) or electric (baseboard heaters).
Heating Fuel: Indicates whether it is gas or electricity. Some new home builders are making the switch to electric furnaces. Careful as even in our province, producing heat with electricity is substantially more expensive than producing it with natural gas.
Basement: Full. This means that the area size of the foundation is the same as the main floor. It does not mean the basement is finished, as this is indicated in another section.
Other options for the basement category are: crawl, slab, half and 3/4. Real estate professionals should be able to point out the differences, benefits and shortcomings, of each type of basement construction.
Square Feet: I’ve had clients try to add up all the room measurements of a listing, and come to the conclusion that the 1,200 ft home is really just 850 square feet. While they are correct, this is not how buildings are measured and advertised.
The proclaimed total square footage of a house is the OUTSIDE measurements which includes all 4-season living space, excluding the garage. It includes ONLY the areas above ground, so for example the main floor, second floor and third floor if there is one. It does NOT include the basement, UNLESS there is a crawl space under that part of the basement.
For further explanation, see this article on how homes are measured. and remember that different provinces and states might have different rules.
Garage – AT or DT. This refers to the car garage which can be either attached or detached. Confusion here sometimes as an ‘attached garage’ might be physically attached, but not have a direct door leading into the house.
S/S: Showings Start date. NO showings can occur BEFORE that date
OTP: Offer To Purchase date. That the is FIRST date when offers can be considered.
In addition to the above listing terms, you will probably come across many of the next acronyms used by the listing agent in their advertisements
A/C or C/Air:Â Central Air Conditioning
APPL:Â Appliances (personal property)
ATT or DT: Attached or Detached also refers to single-family home vs. attached home.
CLG: Ceiling
C/Vac: Central Vacuum
CC: Clothes Closet or possibly “WICC” as in Walk-In Clothes Closet
AT/2 or DT/2:Â Attached double or detached double (as in garage)
EE and HE:Â Energy Efficient and High Efficient
F/Fin:Â Fully Finished
HWFS and HWDS:Â Hardwood floors and simply Hardwoods
S/S or SS indicating stainless steel (as in appliances)
WDW:Â Windows
WDWK: Woodwork (as referring to baseboards and window casings)
Im hoping that this list of most common terms is of great value to you.
If you’re thinking of buying a house or a condo in Winnipeg, call me for a free buyer consultation. There is a lot of information which is difficult to convey in a blog post but I’d be happy to discuss in person.
Below is the audio version of my popular post : Closing Costs When Buying A House Or Condo In Winnipeg.
If you’re thinking of buying a home, please be sure to check out “Buying a house or condo in Winnipeg; 6 important steps”
Buying a house or condo is likely the largest financial step you will ever take. Here are 6 steps and a video to help prepare you for the journey.
The process and benefits of the mortgage pre-approval process when done right. Mortgage pre approval is very beneficial when house shopping in any market.
Home maintenance means more than just doing repairs. After you buy a home, keeping it in great shape will …
Welcome to our Winnipeg Luxury Homes Market Report. This new style of luxury market update is in the form of a downloadable, multi-media PDF. It looks at listing and sold stats of houses and condos over $500,000 in all areas within Winnipeg, plus some close bedroom communities such as Oak Bluff, St. Andrews, Oakbank, LaSalle and others.
Currently, there are 423 Luxury Houses listed in Winnipeg. That is down slightly from 446 in June, which was the highpoint of the year.
Over the past month, Winnipeg real estate agents have sold 51 houses which were priced over $500K. That is down from the 79 in June, and 85 in May, and also lower than 2018.
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury ;houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.</sp<
Due to the huge inventory increase, Winnipeg’s ass=”textannotation disambiguated wl-thing” itemid=”http://data.wordlift.io/wl01744/entity/luxury_market”>luxury market inventory sits at 249 days, which is a large jump from last month, and also higher than the same time last year. Homes in lower price ranges, such as $250-$500K, are at 43 days on average, so yes, luxury homes are a much slower market.
Over the past month, 96 luxury listing have d-not-sell-what-is-the-next-step/”>either expired or been withdrawn from market.
Over the past month, 153 new luxury home listings have come to the Winnipeg MLS®, fewer than the 210 in the previous month.
Looking to buy a home in Winnipeg?   Contact Me For A Free Consultation
If you’re the seller of a luxury property, a little extra care is advisable in how the property shows, how it’s priced and how much your real estate agent does.
Previous Month Report…
Currently, there are 413 Luxury Houses listed in Winnipeg. That is actually the highest number of listings (in this price range) over the past year+.
Over the past month, Winnipeg real estate agents have sold 85 houses which were priced over $500K. That is nearly double the sales of April and also represents the highest number of sales in over a year.
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury =”” span=“”>=”http://span>data.wor<sp< span=””>an span=””>id=” urn:enhancement-676=””>dlift.io/wl01744/entity/multiple_listing_service”>;houses</span> at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.</sp<>
Due to the huge inventory increase, Winnipegs luxury market inventory sits at 146 days, which is faster than the previous month, but slower than last year at this time (128 days). Homes in lower price ranges, such as $250-$500K, are at 43 days on average, so yes, luxury homes are a much slower market.
Over the past month, 197 new luxury home listings have come to the Winnipeg MLS®. An increase over the 184 in the previous month.
Over the past month, 67 luxury listing have d-not-sell-what-is-the-next-step/”>either expired or been withdrawn from market.
For older reports, click the down arrow
Currently, there are 371 Luxury Houses listed in Winnipeg. Thats up from the 349 the previous month, and a huge increase over the same time last year. (257)
Over the past month, Winnipeg real estate agents have sold 52 houses which were priced over $500K. Thats slightly less than in August, but more than last year as well.
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Due to the huge inventory increase, Winnipeg’s luxury market inventory sits at 221 days, so slower than last month, and much slower than last year.
Over the past month, 163 new luxury home listings have come to the Winnipeg Real Estate MLS®. An increase over the 154 in August 2018, and another huge jump when compared to the 123 in Sept. 2017.
Over the past month, 82 luxury listing have either expired or been withdrawn from market.
Looking to buy a home in Winnipeg?   Contact Me For A Free Consultation
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Currently, there are 281 Luxury Houses listed in Winnipeg. Thats up from the 231 the previous month, and also an increase when compared to April of last year.
Over the past month, Winnipeg real estate agents have sold 50 houses which were priced over $500K. While thats an increase over the previous month, it is still slower than sales in April 2017. So we have MORE homes available in this range, but fewer sales….definitely a buyers market.
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 174 days, fast than last month, but quite a bit slower than last year.
Over the past month, 158 new luxury home listings have come to the Winnipeg Real Estate MLS®. An increase over the 122 in March 2018, which also happened to be the same number of luxury homes listed in April 2017.
Over the past month, 53 luxury listing have either expired or been withdrawn from market.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Currently, there are 202 Winnipeg homes for sale in this price range, nearing the low point set past January of 165. More options and choices will be coming in Spring 2018.
Over the past month, Winnipeg real estate agents have sold just 29 homes in this price range, between $500k and all the way up to a 2 million dollar home in Headingley.
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 209 days, not far off the lowest point in the past year. With relatively few homes to chose from (202) and a good sales pace of 29 homes sold last month, it was still a good time to sell in November. That night change, as you can see from the numbers of this past Janfuary.
Over the past month, just 55 new luxury home listings have come to the Winnipeg Real Estate MLS®. Given the option, sellers will more often wait until the spring time now.
Over the past month, 63 luxury listing have either expired or been withdrawn from market, a high point of the year.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Currently, there are 252 Winnipeg homes for sale in this price range, up from the 227 in April 2017. Â Its also near the high-water mark of 268 homes in June 2016.
Over the past month, Winnipeg real estate agents have sold 65 homes in this price range, between $500k and all the way up to a 1.375 million dollar home in River Heights. Â This is more than double the number of luxury homes sold in March, and equal to the high sales mark set last June.
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 116 days, nearly the lowest point in the past year. Â As good a time as any to list your luxury home, certainly better than in the middle of winter.
Over the past month, 144 new luxury home listings have come to the Winnipeg Real Estate MLS®, slightly more than the 122 in April, and the 45 listed in January.
Over the past month, 44 luxury listing have either expired or been withdrawn from market, up from the 30 in April.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
lets look at the previous month:
Currently, there are 227 Winnipeg homes for sale in this price range, up from the 1208 in March 2017.
Over the past month, Winnipeg REALTORS® have sold 64 homes in this price range, between $500k and all the way up to a 1.2 million dollar home in Bridgewater Trails.  This is more than double the number of luxury homes sold in March.
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory has dropped to 110 days, the lowest point in the past year. Â As good a time as any to list your luxury home.
Over the past month, 122 new luxury home listings have come to the MLS®, slightly more than the 105 in March, and 101 in Feb.
Over the past month, only 30 luxury listing have either expired or been withdrawn from market, down from 50 in Feb..
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Currently, there are 208 Winnipeg homes for sale in this price range, up from the 179 in Feb. and 165 in January
Over the past month, Winnipeg REALTORS® have sold 31 homes in this price range, between $500k and all the way up to a 1.2 million dollar home in Bridgewater Trails.
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 188 days, nearly the lowest point in the year. Â As good a time as any to list your luxury home.
Over the past month, 105 new luxury home listings have come to the MLS®, similar to the 101 in February and over double the 45 in January.
Over the past month, only 35 luxury listing have either expired or been withdrawn from market, down from 50 in Feb..
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Available Luxury Listings in Winnipeg
Currently, there are 165 Winnipeg homes for sale in this price range, down from the 180 listed in the December report.
Over the past month, Winnipeg RELATORS® have sold only 6 homes in this price range, down from 19 in the last period.  The most expensive home sold in the past month was $1Million in South Charleswood.
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory jumps to 852 days in this price range. Â This is a HUGE increase from the 284 days in December, making this price range a buyers market. Â Don’t expect these number to last beyond another month or so, although the luxury home market will surely remain a strong buyers market in Winnipeg.
Over the past month, 45 new luxury home listings have come to the MLS®, similar to the 51 in December.
Over the past month, 61 luxury listing have either expired or been withdrawn from market, up from the 51 in December.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Currently, there are 180 Winnipeg homes for sale in this price range, down from the 212 listed in the November report.
Over the past month, Winnipeg RELATORS® have sold only 19 homes in this price range, down from 23 in the last period
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory jumps to 284 days in this price range. Â This is another increase from the 143 days in November, making this price range a buyers market.
Over the past month, 51 new luxury home listings have come to the MLS®, similar to the 75 in November.
Over the past month, 51 luxury listing have either expired or been withdrawn from market, up from the 43 in November.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Currently, there are 212 Winnipeg homes for sale in this price range, nearly identical to the 211 listed in the October report.
Over the past month, Winnipeg RELATORS® have sold 27 homes in this price range, down from 235 in the last period
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory jumps to 243 days in this price range. Â This is another increase from the 181 days in October, making this price range a buyers market.
Over the past month, 75 new luxury home listings have come to the MLS®, similar to the 76 in October.
Over the past month, 43 luxury listing have either expired or been withdrawn from market, also down from October.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Currently, there are 211 Winnipeg homes for sale in this price range, down from the 227 Luxury Homes listed in September’s report.
Over the past month, Winnipeg RELATORS® have sold 35 homes in this price range, up from 28 in the last period
Currently, Winnipeg’s luxury market inventory drops to 181 days in this price range. Â While this is down from the 243 available homes last month, it is still a fairly strong Buyers Market.
Over the past month, 76 new luxury home listings have come to the MLS®, fewer than the 94 in September
Over the past month, 50 luxury listing have either expired or been withdrawn from market, also down from September.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Currently, there are 227 Winnipeg homes for sale in this price range.
Over the past month, Winnipeg RELATORS® have sold 28 homes in this price range.
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Â Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 243 days in this price range, making this a fairly strong Buyers Market.
Over the past month, 94 new luxury home listings have come to the MLS®.
Over the past month, 56 listing have either expired or been withdrawn from market.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
If you plan on buying a home, then you should know that there are plenty of options available. And right now, condos in Winnipeg make a great alternative to the bidding wars and lack of housing available for sale.
Thinking of buying a condo in Winnipeg? Condo fees get a bad rap. We need to realize that some of the items which are included in a condo fee would cost more money in a stand alone house.
Can you buy or sell a home safely during the coronavirus pandemic? Here are some tips to help you make a decision on buying or selling your home.
📆𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝗮𝘁𝘀 𝗳𝗿𝗼𝗺 𝗪𝗶𝗻𝗻𝗶𝗽𝗲𝗴 𝗥𝗘𝗔𝗟𝗧𝗢𝗥𝗦®
Looking at last months’ sales, listings and average price
for Winnipeg houses 🏡 and condos 🏢.
A very common question home buyers are asking. The city-assessed value (which is clearly an estimate) is posted publicly …
Home buyers should have their own real estate buyer agent when buying a house or condo. Here are 7 reasons why buyers should have their own agent.
𝗛𝗼𝗺𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 💰𝗧𝗶𝗽𝘀: 𝗢𝗽𝗲𝗻 𝗛𝗼𝘂𝘀𝗲𝘀 🏡
What should you look for at an open house?
𝘙𝘦𝘢𝘥 𝘛𝘩𝘪𝘴 and save 𝘁𝗶𝗺𝗲 ⌛ 𝗮𝗻𝗱 𝗺𝗼𝗻𝗲𝘆! 💵