The Province and the City of Winnipeg have posted their Flood Forecast for this Spring. It looks like this will be a tough year on those living on or near the River. The City says that approximately 700 homes will require protection by temporary dikes if the river levels reach 25' James Avenue Datum. The flood in 1997 reached 24.5 feet and in 2009 the river reached 22.6 feet. See more informa ...

What is the Residential Real Estate market going to do in 2011? Here is the 2011 MLS® Forecast. There are several points taken in the preparation of the forecast. Some of the main points include consumer confidence, housing affordability and immigration. Other variables taken into consideration are the historically low interest rates, rental vacancy rate (current 0.8% puts pressure on real e ...

The Winnipeg real estate market performed well in 2010 even with a lower number of unit sales. The total number of detached dwelling units that sold in 2010 was 9,055 compared to 2009 at 9,194 units. Despite the lower sale in units, the overall dollar volume of detached dwellings increased to $2.189 billion from $2.001 billion in 2009. The annual increase in the average selling price for deta ...

Here some points regarding the recent change to the Canadian Mortgage Rules. The Government's introduced these rules over continued concern for household debt and to ensure home buyers invest responsibly in home ownership. 1.     Mortgage amortization periods will be reduced to 30 years from 35 years. 2.     The maximum amount Canadians can borrow to refinance their mortgages will b ...

Here is a clip prepared by the City of Winnipeg on the reconstruction of the Disraeli Bridge. Included in this construction project will be a pedestrian and bike crossing using the existing pillars of the old bridge, new bike paths and significant landscaping upgrades to the Disraeli corridor. I think this will be a great enhancement to the area on both sides of the Red River and although it ...

I just finished uploading this House for sale, 511 Alfred Avenue, Winnipeg, MBOutstanding value in this 1500sf home in the William Whyte neighbourhood. Solid and square with a full basement. This 4 bedroom home offers the charm and character of a 1913 home but the benefits of the modern conveniences. Upgrades include high efficiency furnace, insulation, windows, lighting, flooring, kitchen an ...

Here is the latest Sales data news release from WinnipegRealtors®:  December was a month to remember with WinnipegREALTORS® recording its highest average monthly home sales price ever at $252,414. The previous high was June 2010 at $250,440. This record is not typical of a December. Historically, the highest monthly average sales price tends to be in the busier spring months. The month of th ...

The number of sales of single detached dwellings in the North River Heights* community of Winnipeg was significantly lower in 2010 but the overall median and average sale prices were up approximately 6.0% for the Average sale price, 3.8% for the Median sale price. There were 194 sales of single detached homes in 2009 and only 168 units in 2010. The following sales stats include Average and t ...

Recreational properties tend to move a little slower over the winter months but maybe this year will be different. Is this a sign that the economy is turning around? Lot 2 at Hawthorn Beach is now sold! There are several other great lots still available but I think that we may see those disappear this year. Where else can you get 100' wide lakefront lots within an hour and a half for $59,900. ...

The Canadian Real Estate Association (CREA) released the new REALTOR.CA App on December 21st, 2010. It is a free application so go to your App Store and download it. This App is for the iPhone and iPad. The Blackberry Version is to be released in February 2011. It is a great tool for both buyers/sellers and Realtors®. The App uses the handheld's GPS technology to allow some of these great fea ...