There are plenty of annoying things about driving: traffic jams, bad drivers, and of course the expense of it all with gas prices and insurance premiums. And that’s before we include the occasional ticket or two.
This doesn’t sound like it makes sense, but apparently teaching young people advanced driving skills actually makes them more likely to crash into things than regular young drivers.
Hardly anyone likes the idea of paying insurance premiums. However, insurance is one of those things you need. Even if it’s not your preference, the reality is that you need insurance to protect you against the unexpected. Here are four reasons that you need insurance in Canada today:
After so much anticipation and speculation, the Tesla Model 3 has finally made its debut on the world stage and the world is pretty damn impressed.
Anticipation is high in the auto industry today as the most exciting manufacturer in the industry is set to make history with the unveiling of their new car the Tesla Model 3.
Like it or not Uber is here to stay for the foreseeable future, despite the fact that the company’s main service is technically illegal.
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Uber and Lyft insurance: what you need to know
Why do Uber and other ride sharing drivers need extra insurance?
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The best current mortgage rates in Canada
Conventional vs. high-ratio mortgages: which is cheaper?
If you’re new to the world of mortgages, you’re probably unaware that there are two different types: high-ratio and conventional mortgages.
Conventional 5-year fixed mortgage rates vs. high ratio 5-year fixed mortgage rates in Manitoba
| Date | Average Conventional Rate |
|---|
Fixed rate vs. variable rate mortgages: which is cheaper?
You should compare mortgage rates in Winnipeg before shopping for a home. That will help give you an idea of what you can afford if you qualify for the lowest mortgage rates in Winnipeg. You’ll also need to decide if you want a fixed or a variable rate mortgage.
5-year fixed vs. 5-year variable mortgage rates in Manitoba
| Month | Fixed | Variable |
|---|---|---|
Factors that affect your Winnipeg mortgage rate
Today, mortgage rates in Winnipeg are quite low. But there are a variety of factors that can affect whether or not you’ll be able to qualify for the cheapest mortgage rates in Winnipeg. Read below to find out what lenders are looking for when they calculate your mortgage for a Winnipeg home.
Typical mortgage amount in Winnipeg
After peaking in mid-2022, Winnipeg's housing market shows signs of cooling off following several rate increases by the Bank of Canada.
Winnipeg housing market and home prices
Housing sales for the first half of 2023 were well below the record years of 2021 and 2022.
Winnipeg closing costs and land transfer tax
In Manitoba, transferees are required to pay land transfer tax, as well as a registration fee upon registration of transfer of title.
Land transfer tax is calculated based on the market value of a property on the date of registration of a transfer of title. It is calculated as follows:
Your questions about Winnipeg mortgages, answered.
How can I find the best mortgage rates in Winnipeg?
Joel Kranc
About the Author
Joel Kranc is an award-winning writer, author and journalist.
Mortgage news
Homebuying* Based on the difference between estimated deep-discount 5-year fixed rates from Canada's top six banks and the lowest comparable rates on LowestRates.ca, as of January 14, 2022.
