Winnipeg Home Buying Guide

Direct Cell # (204) 333-2202 Twitter: @ bokauffmann Facebook: facebook.com/winnipeghomefinder
Blog: blog.winnipeghomefinder.com Email: boknowshomes@gmail.com web: WinnipegHomeFinder.com
Performance Realty
Moving to Winnipeg
By BO KAUFFMANN

Police Officer in Winnipeg for 24 years
Real Estate Agent since 2005
REMAX is Canada’s largest real estate company
Involved in 40% of all sales in Winnipeg

Contains contact info for many
Local service providers, including Lawyers,
Moving company, Home Inspectors, etc
Available for iOS and Android Phones
Go to http://bokauffmannapp.com
Get My Free APP

Sample Listing $ 237,000
87 sq m. In Crescentwood

Example Neighbourhoods
for $250-300 K homes
• Transcona
• East Kildonan
• Crescentwood,
• Old St Vital
• St James,
• Old Kildonan

130 sq m. In Transcona

for $300-400 K Homes
• North Kildonan
• River Park South & South St Vital
• Island Lakes & Southdale
• Fort Richmond & Waverley Heights
• Charleswood
• Amber Trails & Riverbend

172 sq m. In Amber Trails (on lake)

For $400-500 K Homes
• Sage Creek & Royalwood
• Southdale & Island Lakes
• Lindenwoods & LindenRidge
• Bridgewater Forest
• Assiniboine Woods
• Amber Trails & Riverbend

157 sq m. In The Oaks (Headingley)

For $500-750 K Homes
• Tuxedo
• Linden Ridge
• Van Hull Estates
• Sage Creek
• South Pointe
• East St. Paul

4 Main Costs When Buying a Home
 Land Titles Transfer Tax
 Legal Fees
 Home Insurance
 Property Tax

Land Titles Transfer Tax
 Payable on ALL property purchases
Incl. on: Used or Brand New Houses
Incl. on: Used or Brand New Condos
Incl. on: Bare land
 One-Time Fee, paid on EVERY purchase
 Paid by the Buyer

Land Titles Transfer Tax Calculations
 $200,000 Property = $1,730 Fee
 Every $ above $200K = additional 2%
Example: $350,000 Property = $4,730
(350K – 200K = $150K
$150K x 2% = $3,000
plus base fee of $1,730 = $4,730)

Legal Fees For Buying A Home
 Buyer should budget for $1,000
 Lawyers advertise “$400 plus disbursements”
 Disbursements can be another $400-$600
 Ask for fee schedule up front

Home Insurance
 Mandatory if you need a Mortgage
 House Insurance varies according to
 Value of House
 Insurance Company
 Extra Riders (glass coverage, jewelry)
 Budget $600 to $1000 for a House
 Budget $250 to $300 for non-bare-lands Condo

Property Taxes
 Depends on the Possession Date
 If you take possession in first half of the year
you may get a refund from seller but
you’ll
have to pay entire year taxes on June 30th
 If you take possession after June 30th, you may
have to pay for the remaining months
of that calendar year

Closing Costs Total
 Discuss with your Real Estate Agent beforehand
 Lenders recommend that you budget approx.
2% to 2.5% of the property’s value
Other costs could be: Moving Company
Life Insurance (optional), etc

See Active REMAX listings anytime!
• Houses: http://winnipeg.tips/remaxhouses
• Condos: http://winnipeg.tips/remaxcondos
• Luxury: http://winnipeg.tips/remaxluxury
(Luxury = $500K and up)

BO KAUFFMANN
Direct Cell # (204) 333-2202
Email: boknowshomes@gmail.com
Web: WinnipegHomeFinder.com
Blog: blog.winnipeghomefinder.com
Twitter: @ bokauffmann
Facebook: facebook.com/winnipeghomefinder

Follow me on Twitter
@bokauffmann

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Winnipeg Home Buying Guide

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