New down payment rules will go into effective February 15, 2016.“The Government’s role in housing is to set and maintain a framework that is equitable, stable and sustainable. The actions taken today prudently address emerging vulnerabilities in certain housing markets, while not overburdening other regions,” Finance Minister Bill Morneau said in a release. “They also rebalance government support for the housing sector to promote long-term stability and balanced economic growth.”The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000, the finance ministry wrote. Minimum down payment for…
     BEST NOVEMBER ON RECORD AT OVER 900 SALES November MLS® Sales Up 9%     WINNIPEG – Mild weather, hosting the Grey Cup, being singled out as one of the best destinations in the world to visit by National Geographic Traveler magazine, or just having a an excellent supply of terrific listings to choose from with such favourable mortgage rates, it was the first time November nudged over 900 sales in WinnipegREALTORS® 112-year history. Not surprisingly, dollar volume was at its highest level too for this month at nearly $245 million and with a month to go, it is…
MLS® YEAR –TO - DATE SALES ON PAR WITH 2014 October MLS® Sales Down Less Than 3%   WINNIPEG - With two months to go, it is too close to call whether this year’s sales activity can eke out a victory over 2015. The lead has changed a few times when comparing sales activity between 2015 and 2014. At present, 2014 regains the lead with a total of 11,391 versus 11,382 sales this year. Last year was WinnipegREALTORS® fifth highest sales year recorded at over 12,800 sales. It was a good year and only less than 2% off the best year…
  YEAR-TO-DATE SALES OF 10,298 JUST AHEAD OF 2014    September Sales Better than Average at 1,144 WINNIPEG - September MLS® sales activity and the year-to-date pace is indicative of a steady market.  It is tracking very closely to 2014 as was forecast.  2014 saw WinnipegREALTORS®’ 5th highest MLS® sales result in its 112-year history. If we even use the third quarter or the past 3 months as an example, and look back over 3 years including 2015, it is quite remarkable how similar they are. Some may say nearly identical as there is a difference of only 7 sales between the…
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