The Mortgage Stress Test Is Changing First-Time Home Buyer Strategies

7th Jun 2017

First-time home buyer strategies in Winnipeg need to change because of the mortgage stress test and rising home prices. In the fall of 2016, Ottawa implemented the mortgage stress test to ensure home buyers can meet mortgage payment obligations if interest rates rise. If you require an insured mortgage, you must qualify for payments based […]

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Soft First-time Winnipeg Home Buyer Sales in April 2017

30th May 2017

Soft first-time Winnipeg home buyer sales in April 2017 are the reason Winnipeg home sales were down 5% from April 2016, according to the WinnipegREALTORS® Association. Unit sales in April 2017 of 1,300 were down 5% from a record April in 2016. For residential-detached properties under $300,000 there was a 15% decrease in sales activity […]

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