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Showing posts from June, 2025

Short-Term vs. Long-Term Rentals: Which One is Right for You?

Real estate investing in Winnipeg is gaining traction thanks to the cityโ€™s affordable housing market, growing population, and diverse rental demand. If you're considering purchasing an investment property, one of the most important decisions you'll make is whether to rent it out short-term (like Airbnb) or long-term (traditional leases). Each rental strategy has its own benefits and challenges - and the right choice depends on your financial goals, lifestyle, and the current real estate climate in Winnipeg. Letโ€™s explore both options in detail to help you decide which is best suited to your investment goals. Understanding the Two Strategies Short-Term Rentals Short-term rentals are typically leased out for a few days to a few weeks. These are common on platforms like Airbnb and VRBO and are popular among tourists, business travelers, and visiting professionals. In Winnipeg, short-term rentals can be especially profitable during popular events like the Winnipeg Folk Fes...

Power of Attorney Home Sale in Winnipeg | Expert Realtor Guide

If youโ€™ve been named a Power of Attorney (POA) and are responsible for managing or selling a property in Winnipeg , you may feel overwhelmed at first. But donโ€™t worry - youโ€™re not alone. POA home sales are common, and with the right guidance, they can be handled smoothly and legally. In this guide, Iโ€™ll walk you through everything you need to know about selling a home under Power of Attorney in Winnipeg   -   including legal requirements, the role of a realtor, and what to avoid. What Is a Power of Attorney in Real Estate? A Power of Attorney is a legal document that authorizes one person (the โ€œattorneyโ€) to act on behalf of another (the โ€œgrantorโ€). When it comes to real estate, this authority includes signing documents, listing a property for sale, negotiating offers, and completing the transaction. In Manitoba, for a Power of Attorney to be valid in a real estate transaction, it must explicitly state that the attorney has the authority to deal with the grantorโ€™s pro...

Is It Better to Rent or Buy in Winnipeg in 2025?

One of the most common questions I get as a Winnipeg Realtor is: โ€œShould I rent or buy right now?โ€ In 2025, this question is more relevant than ever. Winnipegโ€™s real estate market remains one of the most affordable in Canada, and with interest rates now sitting at around 4% (variable), many buyers are once again considering homeownership as a smart long-term move. Whether youโ€™re a first-time home buyer , investor , or renter evaluating your next step, this guide breaks down the real costs and benefits of both options in Winnipeg this year. Winnipeg Real Estate Snapshot โ€“ 2025 Average detached home price (2025): $410,000 Average monthly rent for a 3-bedroom home: $1,600 โ€“ $2,000 Current variable mortgage interest rate: 4.00% Estimated monthly mortgage payment (5% down, 25-year amortization): $1,920/month Rental vacancy rate: 2.9%  tight rental market, rising demand With rates decreasing from previous highs, homeownership is becoming more attractive again, esp...