Explore the financial wisdom behind obtaining a property appraisal when contemplating the shift from primary residence to rental property. In this insightful blog, we delve into the multifaceted advantages that a well-executed appraisal brings to this transitional phase. From optimizing tax benefits by accurately assessing capital gain exemptions to simplifying potential future sales to tenants through a solid valuation foundation, we uncover the pivotal role an appraisal plays. Moreover, discover how this strategic move can facilitate smoother financing for a new primary residence, leveraging the equity amassed in the rental property. Unravel the complexities of homeownership and investment, and learn how a single appraisal can be the key to unlocking a host of financial opportunities in your property journey.
Dive into the impact of rising interest rates on Manitoba's real estate market. Uncover the swift rise in monthly payments, the uncertainty haunting buyers, and the potential long-term effects on property values. Discover why obtaining a property appraisal now is a strategic move in a market undergoing significant economic shifts.
Rental expense and vacancy rates are rising in Winnipeg. One simple explanation? High supply and low demand.
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As uncertainty has spread across the real estate market we wanted to offer some insight on what has been happening and where we may be headed in the months to come.
