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New property listed in Teulon

I have listed a new property at 91157 Road 3 Road East in Teulon. See details here

R19//Teulon/It'll KNOCK YOUR SOCKS OFF - Self-sustained RETREAT-5000+ sf OF AMAZING Living area - SPECTACULAR CUSTOM BUILT 1.5 story FULL LOG HOME w/9 Brs, 3 Baths on 79 AC w/4.5 K of trails/40x40 QUONSET. POND & wooded NATURE TRAILS throughout add to the ambiance of this very PRIVATE RETREAT located 40 min N of perimeter. Impressive LOG SOARING CEILINGS & the abundance of wdws bring the outdoors in. Geothermal Heat & Cooling w/supplemental wood stove also adds to the all around efficiency of this stellar home. Flooring: HWFs, Sierra Stone & Commercial Grade Vinyl. Kit hosts floor to ceiling Hickory Cabinetry w/GORGEOUS Pearl Blue Granite countertop-even a baking center - Dble Garden Drs lead to Massive 4300sf SLATE PATIO overlooking the pond (swim in or skate on). Lower level is fully developed hosts more BRs, walk-in Pantry! DOG RUN -2 dog houses on railway ties, 4x larger than fenced in garden. Raspberry picking on the ridge. IDEAL FOR MULTI-FAMILY PRIVATE RETREAT, COUNTRY LIVING RESORT - ENDLESS POSSIBILITIES! (id:2493)

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New property listed in Oak Point

I have listed a new property at 41 Leighton Avenue in Oak Point. See details here

R19//Oak Point/Beautifully Kept, 756 Sqft, 2 Bedroom, 1 Bathroom, Modular Home (built in 2009) Located in Oak Point MB! Only Minutes to the Shores of Lake Manitoba! Open Concept Kit/Liv/Dining Room. Spacious 3 Seasons Sunroom with Tons of Windows Overlooking the Large 1.56 Acre Yard. 24' x 24' Double Detached Garage with Concrete Floor & 16' x 12' Workshop. Oakpoint is a Very Quiet Community Located just off Hwy 6, apex. 50 Min North of Winnipeg! (id:2493)

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New property listed in Coldwell Rm

I have listed a new property at 199 Sugar Point Trail in Coldwell Rm. See details here

R19//Coldwell Rm/Stellar 4 Season Cottage or Forever Home that's JUST LIKE NEW! Built in 2018, and Boasting an Impressive 1708 Sqft, this 3 Bedroom, 2 Bathroom, LAKE FRONT Property could be just what you're waiting for! Located West of Lundar at Sugar Point (appx. 75 min N of Winnipeg). Tastefully Designed with Open Concept Kitchen/Dining/Living Room with Vaulted Ceiling. Large Patio Doors Leading out to the Spaciously Sized West Facing Front Deck! Main Floor Primary Bedroom with Walk in Closet. Main Floor Laundry/Mud Room and 3pc. Bath. Second Level Boast 2 Large Bedrooms, 3pc. Bathroom and Loft/Sitting Area with Large Windows Overlooking the Shores of Lake Manitoba. Outside you will find the Beautifully Treed Fire Pit Area with 12' x 16' Gazebo with Power. Perfect for Hosting Family & Friends. Lake Manitoba is known for its Bright Blue Waters & Excellent Fishing. Property is Perfect for any Family or Retirement. Truly a MUST SEE! 3D Virtual Tour is Available! (id:2493)

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5 Ways a REALTOR® can help now that the key interest rate is stuck at 5%

5 ways a REALTOR® can help now that the key interest rate is stuck at 5%

Hey, at least interest rates aren’t rising again! Following the Bank of Canada’s recent decision to keep the overnight policy rate at 5%, many Canadian homeowners, buyers and sellers may be left wondering: well, now what?

With inflation settling down, many Canadians have been under the impression that interest rates will be decreasing soon, too. A report from Royal LePage shows 51% of Canadians who had put their home buying plans on hold over the last two years will return to the market when the first rate cut comes.

That cohort of Canadians will have to wait it out a bit longer as the Bank of Canada will want to see inflation decrease some more before they cut their overnight policy rate.

But, what if you’re in a position where you have to move, like, now? If you previously put your buying plans on hold, chances are your patience is running thin for the Bank of Canada to cut rates. In the meantime, prices could rise, markets could heat up, and then you might get left behind.

This is why finding the right REALTOR® for you is such a crucial step in the homebuying process. Navigating the current real estate landscape is tricky in times of uncertainty, but luckily for you, your REALTOR® can help calm your concerns. Here’s how.

Market insights

Even without a cut in interest rates, it’s important to know you have plenty of options. Your REALTOR® has access to data pertaining to your local housing market and can advise you on how things may shake out in the near future. Is it best to go with a variable rate or a fixed rate? In a competitive market, what conditions should you consider or not? What types of homes are most popular and have had their value rise in your area — detached, townhomes or condos?

For sellers, your REALTOR® can get information on comparable homes and see what they sold for and when, access the exclusive MLS® Home Price Index (HPI) — an advanced, highly accurate way to gauge prices and trends in specific areas — and know what buyers are looking for in your region.

For buyers, your REALTOR® is there to work for you and get the best home for you. They can advise you on what to expect in your local market, from commute times and proximity to amenities, to noise levels and municipal regulations you may have never heard about.

All real estate markets are local — what’s happening with national numbers may not be relevant for you. For example, buying a condo in Toronto is going to be a completely different experience than buying a colonial in Coquitlam or a high-ranch in Halifax. Your REALTOR® will help you make sense of it all.

Negotiation skills

It doesn’t matter if interest rates are at 5%, 10%, or 1% — at the end of the day, your REALTOR®’s top priority should be looking out for you and making sure you’re comfortable with whatever price you land on.

Of course, a buyer’s agent should know what their client is pre-approved for, and interest rates often affect how much home one can afford. Make sure you communicate your wants, needs and budget so your REALTOR® can properly advocate on your behalf. You can look for REALTORS® with a Certified Negotiation Expert designation or a Master Certified Negotiation Expert for those who have received extra training.

Financial guidance

Did you know your REALTOR® can help you before you’re pre-approved? That’s right! While you’re waiting to see what interest rates do, consider reaching out to your REALTOR® to get a handle on how your local market is reacting to the latest news from the Bank of Canada.

Your REALTOR® can also provide you with a list of lenders they’ve worked with, not to mention offer some tips and tricks to help you solidify a better rate (like, make sure you shop around before signing!).

Before doing anything, check out the Calculator Hub under “About Mortgages” at www.winnipegregionalrealestatenews.com — a tool to help provide you with an early look at your financial situation.

 Professionalism and sense of security

One of the biggest worries for Canadians on the move is the uncertainty of conducting a real estate transaction. There are so many variables (not just talking about interest rates here!) to think about. From land transfer taxes and lawyer fees, to dealing with complete strangers while trying to complete one of the largest financial transactions of your life — you have a lot on your plate if you’re buying or selling.

Also, the right REALTOR® for you will just get it. They won’t push you into something you’re uncertain about and can even help with market timing strategies should you want to try and make the current interest rate situation work better for you.

Home buying and selling MVP

We’ll say it again: your REALTOR® is your personal real estate MVP. While you’re figuring out financing, they can already get to work behind the scenes. If you’re buying, this means setting up searches for you, attending open houses on your behalf, and asking around to their connections about what might be coming available — hey, if you’re in no hurry and want to wait for interest rates to drop, maybe this is a strategy for you!

If you’re selling, your REALTOR® can get to work marketing your property, getting it ready for staging and compiling documentation, all without disrupting your routines too much.

By now you know interest rates impact the Canadian real estate landscape and that likely isn’t about to change any time soon. Making the right decision at the right moment seems like a lot of pressure when you don’t know where interest rates will be on a month-to-month basis. Thankfully, REALTORS® monitor market trends and housing data to make sure, whether you’re buying or selling, your best interests are being kept top of mind. Don’t put it off any longer! Visit www. winnipegregionalrealestatenews.com or scan the QR code below and find your REALTOR® today!

— REALTOR.ca

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New property listed in St Laurent

I have listed a new property at 100017 12 Road West in St Laurent. See details here

R19//St Laurent/Located 1 hr. North of Winnipeg & just 15 min South-East of St. Laurent along PR 518 (Ideal Rd). Very Peaceful 8.93 Acres, with 1216 Sqft Mobile home built in 2003. Featuring 3 Bedrooms & 2 Bathrooms. Open Concept Kitchen/Living/Dining Room. This Home has been VERY well Kept! Featuring a Beautiful Yard with Large Garden, Pond, Flower Beds, & More! Very Well Sheltered by Mature Trees. Outbuildings Include: 11 x 20' Shed w/loft and 22 x 14' garage . This Location makes this a Fantastic & Quiet Place to Retire or Perfect Place for the Kids to just Run Wild Without Worry! (id:2493)

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New property listed in Teulon

I have listed a new property at 95 2nd Street Southwest in Teulon. See details here

R19//Teulon/A WONDERFUL PLACE TO CALL HOME - Teulon an EZ 30 min from city. Looking for SHOW HOME PERFECTION & QUALITY CRAFTSMANSHIP? This 1354 sqft, 2BR, 2 Bath home w/9 ceilings, full insul basm t & att dble garage offers a total of 2,708 sf of living area. Enter the home via the Cozy Veranda that is Rocking chair ready & through the gorgeous leaded glass door & feast your eyes on the fabulous open concept design. The primary BR is situated for privacy & provides a separate dressing area & ensuite behind an impressive barn entry door. Waiting in line for the bath? Not Here! There are 2 beautiful baths on the main flr, & provision for a 3rd in the lower level. The abundance of windows throughout bathe the rooms w/light & you ll also love the rich look of the quality flooring. You ll delight in the large eat-in KITCHEN feat Island w/drawers, wlk-in pantry w/ convenient access to future deck & appliances that reflect the quality appointments throughout . LOW UPKEEP BIG VALUE! Call today for your private viewing. (id:2493)

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New property listed in Poplarfield

I have listed a new property at 0 1 Road East in Poplarfield. See details here

R19//Poplarfield/Extremely Desirable Piece of Property Located Near Poplarfield MB! Situated a few miles South East of Junction 68 & 17 (King Buck), 319 Acres of Land offering a bit of EVERYTHING! Treed, Open, High, Low, Meadow, even partially a Hayfield (50+/- Acres). Property really has it all! Artisian Well only 2 miles away. Almost Completely Surrounded by Crown Lands & Narcisse Wildlife Land. To say Wildlife is in the Area would be understatement! Deer, Elk, Bird, & even an Occasional Moose, have been known to frequent the Property! Great for any Nature Enthusiast, Hunter, or Outdoors-person! (id:2493)

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New property listed in Poplarfield

I have listed a new property at 3147 125 Road North in Poplarfield. See details here

R19//Poplarfield/Located 75 min North of Winnipeg. Total of 780.91 Deeded Acres of Adjoining Farm Land along Hwy 17, just south of Poplarfield MB. Land is Currently Used for Beef/Cattle Production, but can be Utilized for Variety of Different Passions . Complete Perimeter Fence, some Cross Fencing, as well as Fenced for Winter Holding (with Shelters). Approximately 140 Acres are currently Cultivated with Potential for More. +/- 370 acres of Great Pasture Land, featuring a Mix of Treed, Open, & Meadow Grass Areas with the Remainder Being Cleared Land. Located Close/Bordering Crown Lands, RM/Municipal Lands, & The Narcisse Community Pasture is only a Few Minutes Down the Road! Plenty of Opportunity to Expand & Grow in the Area! (id:2493)

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Budget 2024 - Education Property Taxes

April 12, 2024

The spring bidding wars have begun in earnest in some areas it seems.

If a person is paying more for a home, they may have an extra cost coming in 2025, depending…

In Manitoba, when a person receives their property tax bill, it is divided into two parts; in gross amounts, half(ish) is for property tax, assessed by the municipality and that half revenue goes to them, half(ish) is for education taxes, assessed by the local school board, and that revenue goes to them. As we have discussed before Manitoba is a bit unique in Canada in that we fund a higher proportion of our education system through property taxes. Historically, Manitoba is not the only province to collect education taxes as part of property taxes, but over the last decades the amount Manitoba collects from homeowners is quite a bit higher than elsewhere in Canada. This has resulted in Manitoba as having a reputation as a very high property tax jurisdiction, compared to elsewhere in the nation. Most folks seem to agree this is not a great way to fund education. Provinces that fund education more through general taxation seem to have better learning results than property education tax jurisdictions. To combat this, governments of late have recognized the issue and began rebating the property tax amounts assessed by the local school board some years ago. The previous Provincial government installed a program where all homeowners were rebated 50% of their current education property tax bill and added on a $350.00 property tax credit, deductible against their general provincial taxes. The new provincial government has changed this with their last budget and now will be scrapping the previous plan and replacing it with their new plan in 2025. The new plan gives everyone who has a principal residence a straight $1,500.00 rebate on their education property taxes. There is some vigorous debate as to who wins and who loses under the new plan versus the old one, but at this stage is looks (maybe) like anyone with a home assessed at $437,000.00 or more will pay more in education property taxes and anyone with a home assessed at less than that, will pay less. The further the assessed value of the home is from $437,000.00, the more, or less, the owner will pay. For 2024, the old system still applies, but the old rebate cheques will not be mailed out, it will just be reduced on the actual tax notice.

Gord

**as always, every situation is different and laws can change, if you have doubts, call someone.

  

GORD STEEVES

B.A., LL.B.

Barrister, Solicitor and Notary Public 


 
 
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New property listed in Teulon

I have listed a new property at 181 Third Avenue Southeast in Teulon. See details here

R19//Teulon/BUILD YOUR FOREVER HOME on this beautiful 90'x203' property available in Teulon. Property had a Private drilled Well, Hydro & Sewer already in place with an older single detached garage (still on property) and an established yard site, there's a driveway providing access to the property in place. The original home was destroyed in a fire, buyer is responsible for their own due diligence. Looking to escape the city, but stay close enough to commute, then check out Teulon, an E-Z half hr to the city. Teulon offers all the amenities you could need, yet tranquil and peaceful, ie Schools, Playgrounds, Shopping, Restaurants, Green Acres Park & Campground, Curling Rink, Rodeo Grounds and an amazing Walking Trail, as well as the Teulon Golf & Country Club. Teulon is truly a Great Place to Come Home to. (id:2493)

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New property listed in Poplarfield

I have listed a new property at 8108 68 Highway West in Poplarfield. See details here

R19//Poplarfield/Farm Land and House! Located along Hwy 68, West of Polarfield. 156.94 Acres Consisting of Apex. 100 Acres of Cultivated Land (Currently in Grain), 20 Acres of Hay, & 40 Acres of Treed Areas. 1134 Sqft Home built in 1980, with 3 Bedrooms and 1.5 Bathrooms. Full Basement (Concrete), Partially Finished. 30' x 24 ' Attached Garage with Concrete Floor (Uninsulated). Well Water, Septic Tank & Field. Outbuilding include 40' x 24' Hip Roof Barn, 30' x 40' Animal Shelter, 10' x 16' Pump House, & Various Older Sheds. Polarfield is also a Great Hunting Area for Elk, Deer, Bird, & Much More! (id:2493)

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New property listed in Bifrost Rm

I have listed a new property at 129137 16 Road East in Bifrost Rm. See details here

R19//Bifrost Rm/EXTREMELY HARD TO FIND! Located just 5 miles east of Arborg & just North of Hwy 68. Fully Renovated 1200 Sqft Home, Situated on 158 Acres of PRODUCTIVE LAND! Large Eat-in Kitchen with Tons of Cabinet Space. Spacious Living Room. 3 Main Floor Bedrooms & Laundry. FULL BASEMENT! Partially Finished, with a potential for 2 MORE BEDROOMS. Updates to home include Electrical (2023), Kitchen (2023), Bathroom (2018), Windows (2012/2022), Flooring & Furnace (2011). Gorgeous Yard site with NO SHORTAGE OF OUTBUILDINGS! 24' x 24' Double Car Garage (uninsulated). MASSIVE 132' x 34' Metal Clad Barn with Concrete Floor, featuring 22' x 27' Workshop & 13' x 31' attached Chicken Coop! 50' x 70' Metal Quonset with Concrete Perimeter, Perfect for Equipment Storage! Also is a Older 36' x 70' Livestock Pole Shed. Land Rent Revenue is currently at $5000 per year. Currently 100 Acres Cultivated. Land Description: NW 23-22-3E. Truly a MUST SEE PROPERTY! 3D Virtual Tour Available! Call us Today to Schedule Your Personal Viewing! (id:2493)

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