Best mortgage rates - Winnipeg

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 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)
Winnipeg	2007	3,371	12,319	$174,202	7.35%	7.54%
	2008 (F)	3,400	12,000	$200,000	6.95%	7.01%
	2009 (F)	3,525	13,000	$216,000	6.83%	6.97%