Best mortgage rates for Winnipeg on RateSupermarket.ca
If you are looking to search for the best mortgage rates in Winnipeg, you've come to the right place. RateSupermarket.ca compares over 55 mortgage lenders and Winnipeg mortgage brokers so you'll be sure to find the best mortgage rates in Winnipeg. You can either go compare Winnipeg's current mortgage rates now at http://www.ratesupermarket.ca/best_mortgage_rates/Winnipeg.html, or look at the latest Winnipeg mortgage news listed below.
Winnipeg Mortgage Rates Will Remain Relatively Flat
The Canadian Mortgage and Housing Corporation (CMHC) has reported in their latest Winnipeg Housing Association Market Outlook that posted mortgage rates eased by about 50 basis points in the first four months of this year, although rates in late April were 30 to 35 basis points higher than they were 12 months prior. Mortgage rates are expected to trend marginally lower throughout 2008, but will be within 25-50 basis points of their current levels. For 2009, posted mortgage rates will begin to drift up slightly as the year progresses. For 2008 and 2009, the one-year posted mortgage rate is forecast to be in the 6.50-7.50 per cent range, while three and five-year posted mortgage rates are forecast to be in the 6.75-7.50 per cent range.
Winnipeg 2008 Housing Outlook
The CMHC believes that Winnipeg`s resale market will continue to experience strong price growth throughout 2008 and the average resale price in Winnipeg will reach $200,000 by the end of the year, almost a 15% increase. That would represent the sixth consecutive year of double-digit price increases and be the strongest of the six. Price growth will begin to moderate somewhat later in 2008 and by 2009, we expect price growth to be limited to 8%.
CMHC Winnipeg housing market & Winnipeg mortgage rate forecast
Census Metropolitan Area Total Housing Starts MLS sales MLS average price Mortgage rates (1 year) Mortgage rates (5 year)
2007
3,371
12,319
$174,202
7.35%
7.54%
Winnipeg
2008 (F)
3,400
12,000
$200,000
6.95%
7.01%
2009 (F)
3,525
13,000
$216,000
6.83%
6.97%
Source = CMHC MLS = Multiple Listings Service
Mortgage lender's and mortgage broker's rates that we compare in Winnipeg, Manitoba, Canada
RateSupermarket.ca compares the most mortgage rates in Winnipeg, Canada from the top lenders including banks, credit unions, trusts, and are also the only site to compare Winnipeg mortgage broker's rates.
RateSupermarket.ca compares mortgage rates from the following:
AGF Trust AMA Financial ATB Financial Bank of Montreal Bank of Nova Scotia Bridgewater Bank Canadian Tire Financial Services Canadian Western Bank Canadian Western Trust CIBC Mortgages Citibank Citizens Bank of Canada Common Wealth Credit Union Concentra Financial First Winnipeg Savings First National Financial FirstLine Mortgages Home Trust Company HSBC Bank Canada ICICI Bank Canada ING Direct Investors Group Trust Key Savings and Credit Union Laurentian Bank Canada Libro Financial Group London Life Manulife Bank MCAP National Bank Peace Hills Trust PC Financial ResMor Trust Royal Bank of Canada Servus Credit Union TD Canada Trust True North Mortgage
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