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 […]
Read moreThe Mortgage Stress Test Is Affecting Winnipeg Home Buyers
5th May 2017
The mortgage stress test is having a powerful effect on new home buyers in Winnipeg. The mortgage stress test is a required mortgage calculation ensuring you can afford your mortgage payments should interest rates rise. If you require an insured mortgage, you must qualify for payments based on the Bank of Canada qualifying rate for […]
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