(EP: 140) Condo Market Report - Condo Mortgage Questions - Sample Condo Bldg.
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11/12/2020

(EP: 140) Condo Market Report - Condo Mortgage Questions - Sample Condo Bldg.

Visit our new podcast home page at https://audio.winnipeghomefinder.com (https://audio.winnipeghomefinder.com)  In this episode we will give you the condo market stats for the past month, what makes condo mortgages https://blog.winnipeghomefinder.com/top-10-reasons-to-use-a-mortgage-broker/ (different from house mortgages,) and a look at one condo building in the south end of Winnipeg.   🏞️ Winnipeg Real Estate News 📰   Available condo listings are down from last year, while sales are up. Not at the same rate as houses in Winnipeg, but still an increase in activity against a backdrop of lower inventory levels.   👫 Phone call with Mortgage Mike ❓If a buyer is pre-approved for a $250K house, can they just go and buy a $250K condo? Not so fast....condo mortgages have a few unique requirements. We need to consider the condo fees, whether the condo building is an apartment-conversion and whether the condo is self-managed. Find Mike at https://boknows.homes/IVjg2j (https://boknows.homes/IVjg2j) 🔦 Spotlight on Local Business 🏪   Whether you're buying or selling, a house or a condo in Winnipeg, you will need a real estate lawyer. I recommend Brad McClelland of McRoberts Law Office. Here is a link to his website   Go to https://boknows.homes/b99b3d30 (https://boknows.homes/b99b3d30)   👪 Spotlight on Tower 180 Condo in St Vital 🖥 180 Beliveau Rd is the location for a condo known as Tower 180 Condos. Originally built as an apartment block in 1970, it was converted into condos by A&S Homes in 2014. 1 and 2-BR suites, priced bet 160-220k. Generally about 20K to $40K below the price when they were new.   See more details on this building here https://boknows.homes/6afb3270 (https://boknows.homes/6afb3270)   Here is my post on https://blog.winnipeghomefinder.com/buying-a-condo-in-winnipeg-condo-fees-vs-house-expenses/ (Condo Fees vs. House Expenses)   For more real estate info, check my blog at https://blog.winnipeghomefinder.com (https://blog.winnipeghomefinder.com) Never miss an episode. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to https://apps.apple.com/us/app/winnipeg-real-estate-news/id1098802561 (install our iOS App.) For your Android Devices, click here to https://play.google.com/store/apps/details?id=com.bokauffmann.android.winnipeg&hl=en (install our Android App.) Check my https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?view_as=subscriber (videos on Youtube)  

Visit our new podcast home page at https://audio.winnipeghomefinder.com

 In this episode we will give you the condo market stats for the past month, what makes condo mortgages different from house mortgages, and a look at one condo building in the south end of Winnipeg.

🏞️ Winnipeg Real Estate News 📰

Available condo listings are down from last year, while sales are up. Not at the same rate as houses in Winnipeg, but still an increase in activity against a backdrop of lower inventory levels.

👫 Phone call with Mortgage Mike ❓

If a buyer is pre-approved for a $250K house, can they just go and buy a $250K condo? Not so fast....condo mortgages have a few unique requirements. We need to consider the condo fees, whether the condo building is an apartment-conversion and whether the condo is self-managed.

Find Mike at https://boknows.homes/IVjg2j

🔦 Spotlight on Local Business 🏪

Whether you're buying or selling, a house or a condo in Winnipeg, you will need a real estate lawyer. I recommend Brad McClelland of McRoberts Law Office. Here is a link to his website

Go to https://boknows.homes/b99b3d30

👪 Spotlight on Tower 180 Condo in St Vital 🖥


180 Beliveau Rd is the location for a condo known as Tower 180 Condos. Originally built as an apartment block in 1970, it was converted into condos by A&S Homes in 2014.

1 and 2-BR suites, priced bet 160-220k. Generally about 20K to $40K below the price when they were new.

See more details on this building here https://boknows.homes/6afb3270

Here is my post on Condo Fees vs. House Expenses

For more real estate info, check my blog at https://blog.winnipeghomefinder.com

Never miss an episode. Install our FREE Podcast App available on iOS and Android.

For your Apple Devices, click here to install our iOS App.

For your Android Devices, click here to install our Android App.

Check my videos on Youtube