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The best Mortgage Rates
Best 5 Year Fixed Mortgage Rates
The most popular mortgage rate option in Canada - a 5 Year Fixed Rate provides you a secured rate for five yearsView All »
Best 5 Year Variable Mortgage Rates
The second most popular option in Canada - a 5 Year Variable Rate provides you with a mortgage rate that fluctuates with prime for a 5 year term.View All »
Best HELOC Mortgage Rates
Looking to borrow some money and already got a mortgage? A Home Equity Line of Credit (HELOC) provides a low interest option to borrow.View All »
|Best Fixed Mortgage Rates||Best Variable Mortgage Rates|
|2.64%||Get Rate »||Get Rate »|
|2.49%||Get Rate »||2.60%||Get Rate »|
|2.74%||Get Rate »||2.15%||Get Rate »|
|Fixed Mortgage Rates provide you with the security of never going up over your term. The most popular fixed mortgage rate term is five years.||Variable Mortgage Rates go up and down with the current prime rate. As they carry a higher risk, they generally offer a lower rate.|
More About: Living In Manitoba
Manitoba is one of the three prairie provinces and has a population of roughly 1.2 million. Here are some quick facts about the province:
- About 60% of the province's population lives in the capital city of Winnipeg and its suburbs
- Winnipeg has the coldest winters of any major Canadian city
- Home to over 100,000 lakes, Manitoba has one of the highest rates of vacation home ownership in the country. This can likely be attributed to the province's housing affordability
- Manitoba enjoys more than 2,300 hours of sunshine per year, with southern Manitoba seeing up to 16 hours of daylight during peak summer months
- Manitoba's electricity rates are consistently among the lowest in the world
5 Things You Need To Know About Buying In Manitoba
- The average home price in Manitoba is roughly $255,000 – that's almost $150,000 below the national average. Manitoba remains one of the most affordable Canadian provinces
- Along with Alberta, the Manitoba real estate market has continued to see home sales increases in recent years, while the rest of the country has struggled
- Manitoba has benefited from an influx of new immigrants, which has placed pressure on housing demand and driven up prices and sales
- Housing starts in prairie provinces are expected to fall in 2015
- Mortgage interest rates are expected to increase, as Canadian exports, investments, job growth and incomes improve. Once the economy is back to a comfortable, healthy place, we should see mortgage rates start to rise.
Frequently Asked Question: What is a 'housing start'?
A 'housing start' is a term used in the real estate world to describe new home constructions. This is often used as an indicator of economic conditions. Generally, a prosperous region will have high levels of housing starts.
Manitoba Housing Statistics
The Manitoba housing market is one of the strongest in the country and is expected to continue to flourish. The province offers a high quality of life with affordable living.
|Property Prices: Low||Quality of Life Index: High|
|Cost of Living: High||Traffic Index: Moderate|
Buying Property in Manitoba – Important Links
Thinking of buying a home in Manitoba? Here are some important links to help you learn more about the province and get you started on your mortgage journey in Manitoba:
Get Manitoba regional housing statistics from the Canada Mortgage and Housing Corporation.
Ever wonder what everyday items will cost you in Manitoba? You can compare the cost of living across Canada and around the world here.
Are you new to Canada? Manitoba is very ethnically diverse and has a number of resources available to immigrants, aimed at providing a solid foundation for new Canadians.
Health care varies from province to province. Find out all you need to know about the Manitoba health care system and how to qualify for coverage here.
Get up to speed on provincial politics – learn more about the Manitoba provincial government here.
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