Winnipeg

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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

DateAverage 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

MonthFixedVariable

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:

 

Information for first-time home buyers in Winnipeg

When comparing bank mortgage rates, Winnipeg buyers may feel a bit overwhelmed. If that’s too much of a hassle, you might want to get a broker to compare mortgage rates in Winnipeg on your behalf. The good thing is you don’t need to pay for their services because the lender pays them. Keep in mind that the broker doesn’t lend to you, it finds a lender for you.

Your questions about Winnipeg mortgages, answered.

How can I find the best mortgage rates in Winnipeg?

Joel Kranc

Joel Kranc

About the Author

Joel Kranc is an award-winning writer, author and journalist.

Mortgage news

Live in a condo in Ontario? Good news for you

Thanks to new legislation that was passed earlier this month, condo dwellers are getting more rights and better protection.

 

RV Insurance

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From weekend trips to treks across the country, more and more Canadians are hitting the open road in an RV. But most of us are focused on the adventure ahead, not the liability issues or medical expenses that could pop up along the way.

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Finding cheap motorcycle insurance: What you need to know.

You own a motorcycle and that's pretty cool. But being cool isn't enough — by law, you also need to carry motorcycle insurance.

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Why do I need motorcycle insurance?

Because motorbike insurance is required by law in Canada, for starters. The mandatory minimum coverage for includes the following:

Motorcycle insurance news

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Why do I need dental insurance?

Because it covers expensive dental treatments, helping you save hundreds — sometimes even thousands — of dollars. In fact, according to the Canadian Health Measures Survey (CHMS), 62% of Canadians have private dental insurance.

Health Insurance

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Pet Insurance

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Make sure your pet gets the best care possible with a great pet insurance policy from LowestRates.ca. We’ll bring you the cheapest rates on pet insurance from the top providers in your area — just like that.

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Renters Insurance

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Tenant insurance in Canada

Insurance is often looked at as the cost of owning something valuable. Homes, cars or other expensive items need protection from damage or theft. Replacement values can be high, and insurance provides peace of mind for items that would put a financial burden on someone if they had to pay out of pocket to replace them.

Outline of a house. Illustration.

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Renters insurance news

*Shoppers in Canada who obtained a tenant insurance quote on LowestRates.ca from January to December 2023 saved an average of 31% The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes home and condo insurance.

Condo Insurance

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Get the best rates on condo insurance.

Protect your condo unit with a great condo insurance policy. We’ll bring you the cheapest rates on condo insurance from the top providers — just like that.

Outline of a house. Illustration.

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Condo insurance news

*Shoppers in Canada who obtained a condo insurance quote on LowestRates.ca from January to December 2023 saved an average of 21% The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes home and tenant insurance.

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