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Category: Mortgage Tips (49 posts)

Winnipeg Real Estate News Updates - Sept 2020

Winnipeg Real Estate News Updates - Sept 2020

September 4, 2020 | Posted by: Ron Chan

All of a sudden it’s September. Households are preparing for back to school (maybe) and getting ready to enjoy the autumn season. A significant number of you have real estate on the mind howev ... [read more]

Winnipeg Mortgage Rates in a Free Fall - Act Now!

Winnipeg Mortgage Rates in a Free Fall - Act Now!

August 27, 2020 | Posted by: Ron Chan

After an odd rise in late March and early April, Winnipeg mortgage rates are dropping - and we mean dropping. Last month we reported on a 5-year fixed mortgage rate being offered at an unprecedented ... [read more]

Mortgage Broker for Rural Property in Winnipeg MB

Mortgage Broker for Rural Property in Winnipeg MB

August 10, 2020 | Posted by: Ron Chan

The desire to escape densely populated parts of Winnipeg has new buyers and investors alike looking to the rural grounds of the city limits. While you may be seeking solace in the simple life the ru ... [read more]

Mortgage Broker for Pensioners

Mortgage Broker for Pensioners

August 4, 2020 | Posted by: Ron Chan

Because life is just getting started… While the word “pensioner” may pigeonhole a group of people in the eyes of some, we prefer to look at it as a title for those who get to enj ... [read more]

Winnipeg Real Estate News Updates - July 2020

Winnipeg Real Estate News Updates - July 2020

July 27, 2020 | Posted by: Ron Chan

We’re thick in the middle of a balmy Winnipeg summer which means that it’s time to kick back in some shade and read the latest news of local real estate and mortgage rates. Sound excitin ... [read more]

Mortgage Broker for Professionals - What You Need to Know

Mortgage Broker for Professionals - What You Need to Know

July 20, 2020 | Posted by: Ron Chan

People from all walks of life depend upon a mortgage broker when buying a home, and there’s really no demographic that can benefit from the relationship more than another. That said, the deman ... [read more]

Condo Mortgage Winnipeg - Best Time to Buy in History?

Condo Mortgage Winnipeg - Best Time to Buy in History?

June 23, 2020 | Posted by: Ron Chan

Unless you have a particular 1982 model DeLorean you will not find a better time in recent history to buy a condominium in Winnipeg. Of course, this is happening in the strangest economic time in hi ... [read more]

Winnipeg Real Estate News Updates - June 2020

Winnipeg Real Estate News Updates - June 2020

June 15, 2020 | Posted by: Ron Chan

We’re at the midpoint of June which marks the perfect opportunity for a Winnipeg real estate (and mortgage) news update. The timing could not be better! Why? Mortgage rates have neared  ( ... [read more]

Lakefront Mortgage in the Greater Winnipeg Area

Lakefront Mortgage in the Greater Winnipeg Area

June 8, 2020 | Posted by: Ron Chan

It’s World Oceans Day (June 8) and while there isn’t saltwater for over 2000 miles from Manitoba that has done little to keep flocks of beach lovers from moving to Winnipeg. What we don& ... [read more]

Buying a Home in COVID 19 Era

Buying a Home in COVID 19 Era

June 4, 2020 | Posted by: Ron Chan

We’re just as tired as most people when it comes to discussing COVID 19. Everyone is eager to get back to their lives, and for the most part we’re headed there, especially in Winnipeg Ma ... [read more]

How to Market Your Vacation Home in Winnipeg After the Lockdown

How to Market Your Vacation Home in Winnipeg After the Lockdown

May 19, 2020 | Posted by: Ron Chan

Despite the economic lockdown of 2020, vacation home mortgages in greater Winnipeg are a very wise investment. It offers a forward thinking income opportunity that addresses the market we can expe ... [read more]

Vacation Rental Home Mortgage - Why it’s a Wise Investment

Vacation Rental Home Mortgage - Why it’s a Wise Investment

May 12, 2020 | Posted by: Ron Chan

Investing in a vacation rental in the greater Winnipeg area amidst the craziness of 2020 is quickly becoming a smart idea. Is this contrary to what you were actually thinking in light of the COVID 1 ... [read more]

Mortgage During COVID 19 - Leveraging Home Equity

Mortgage During COVID 19 - Leveraging Home Equity

April 13, 2020 | Posted by: Ron Chan

Many Winnipeg homeowners are looking for a way to gain access to cash during the temporary economic shutdown driven by COVID 19. This is especially true of residents who run their own business and d ... [read more]

Winnipeg Mortgage and Homebuyers Guide (DOWNLOAD)

Winnipeg Mortgage and Homebuyers Guide (DOWNLOAD)

February 27, 2020 | Posted by: Ron Chan

Hot off the presses! My new guide to help you understand the ins and outs of mortgage financing. In this guide we'll discuss topics such as: Getting Pre-Approved and determining your purchasing ... [read more]

Getting a Mortgage When Separated - 5 Helpful Tips

Getting a Mortgage When Separated - 5 Helpful Tips

January 8, 2020 | Posted by: Ron Chan

A marriage separation can be a trying time, but when you add another life-changing event such as a mortgage to the mix it becomes a lot more daunting. Should you proceed, wait, or abandon the prospe ... [read more]

Getting Mortgage Before Quitting Job

Getting Mortgage Before Quitting Job

December 12, 2019 | Posted by: Ron Chan

You’ve heard about people losing their employment soon after getting a mortgage, but who in their right mind would voluntarily walk away from a steady source of income after entering into a bi ... [read more]

How to Surprise Someone With a New Home for the Holidays

How to Surprise Someone With a New Home for the Holidays

November 7, 2019 | Posted by: Ron Chan

The Holiday season is upon us and some of you have a VERY grand gesture in mind for the family. Whether it’s for your household (companion or spouse and kids) or your retired parents, the gift ... [read more]

Advantages of Buying a Home in a Commercial Zone

Advantages of Buying a Home in a Commercial Zone

November 7, 2019 | Posted by: Ron Chan

Traditional commercial areas (Downtown Winnipeg, the Exchange District, etc.) are becoming hot spots for conversions along with new residential and mixed-use construction. The demand is certainly th ... [read more]

Mixed Residential Commercial Property Home Mortgage

Mixed Residential Commercial Property Home Mortgage

November 7, 2019 | Posted by: Ron Chan

There’s nothing new about homes found attached to commercial properties. Residences have been found perched above corner stores, dry cleaners, and other brick & mortar businesses over the ... [read more]

Winnipeg Real Estate News Updates - Autumn 2019

Winnipeg Real Estate News Updates - Autumn 2019

October 29, 2019 | Posted by: Ron Chan

We’re rounding the corner on the fall season. That means it’s time to check in on local real estate news to see what’s in store for prospective buyers in the weeks/months ahead. Is ... [read more]

Investing in Winnipeg Real Estate - When is it a Good Idea?

Investing in Winnipeg Real Estate - When is it a Good Idea?

September 17, 2019 | Posted by: Ron Chan

Whether you are a Manitoba resident, reside in a neighboring province, or have an address outside of the country for that matter, you’re considering taking advantage of the piping hot Winnipeg ... [read more]

Winnipeg Real Estate News Updates - Summer 2019

Winnipeg Real Estate News Updates - Summer 2019

August 12, 2019 | Posted by: Ron Chan

image: economicdevelopmentwinnipeg.com We spend a lot of time discussing mortgage rate news regarding the greater Winnipeg area, most recently here, but we also like to keep buyers informed about d ... [read more]

Why Buy a Vacation Rental in Winnipeg MB

Why Buy a Vacation Rental in Winnipeg MB

June 6, 2019 | Posted by: Ron Chan

Homeowners in Manitoba are taking note of the steady economy in the Greater Winnipeg area. Armed with equity in their current property, they are setting sites on the very exciting prospect of buying ... [read more]

How to Increase Vacation Rental Bookings in Winnipeg This Summer

How to Increase Vacation Rental Bookings in Winnipeg This Summer

May 6, 2019 | Posted by: Ron Chan

We just released an update regarding the impending new tax rules for Airbnb properties in Winnipeg, and how it may impact hosts who use homestay services to pay down their mortgage. The conclusion o ... [read more]

Airbnb Rules Winnipeg - Will Tax Increase Impact Host Mortgages?

Airbnb Rules Winnipeg - Will Tax Increase Impact Host Mortgages?

May 6, 2019 | Posted by: Ron Chan

We’ve been pretty vocal about the potential benefits of using Airbnb and VRBO to pay down a current or prospective mortgage. We’ve even provided some important tips to increasing your oc ... [read more]

How to Travel the World with a Mortgage

How to Travel the World with a Mortgage

April 23, 2019 | Posted by: Ron Chan

Winnipeg is home to a large number globetrotters. In fact, many of the city’s residents have become so after discovering Canada’s amazing central metropolis on their own travels. But whi ... [read more]

Why You Should Renovate Your Home (via Equity)

Why You Should Renovate Your Home (via Equity)

April 1, 2019 | Posted by: Ron Chan

In our recent article about when it’s a good idea to tap into your home equity, we named a home renovation as one of the top reasons. Of course, before you decide to do that, you need to come ... [read more]

Unexpected Benefits of a Mortgage Broker

Unexpected Benefits of a Mortgage Broker

March 17, 2019 | Posted by: Ron Chan

What we strive to do, for you. By now, you already know the key benefits of using a mortgage broker. They provide access to different lenders and therefore rates, can assist with loan pre-approvals ... [read more]

Winnipeg Mortgage News - Early Spring 2019

Winnipeg Mortgage News - Early Spring 2019

March 13, 2019 | Posted by: Ron Chan

The month leading into spring has started off with a bang and on the right foot for buyers and investors of Winnipeg real estate. Today we’re going to review the most recent updates for those ... [read more]

5 Year Fixed Mortgage Rates in Winnipeg to Drop Again?

5 Year Fixed Mortgage Rates in Winnipeg to Drop Again?

March 6, 2019 | Posted by: Ron Chan

Rememberback in January when we announced that the 5 year fixed mortgage rate dropped after the bond yield fell (December) and the Bank of Canada held interest rates steady at the onset of the new y ... [read more]

Mortgage for a Single Person - What You Need to Know

Mortgage for a Single Person - What You Need to Know

February 20, 2019 | Posted by: Ron Chan

We covered a lot of bases when discussing the mortgage possibilities for Winnipeg residents. We’ve provided explicit advice for young couples, new parents, and empty nesters, but what about wh ... [read more]

Mortgage for Young Couples - What You Need to Know

Mortgage for Young Couples - What You Need to Know

February 8, 2019 | Posted by: Ron Chan

Whether common law or newly wed, young couples all over Winnipeg are pondering the next most important step in their lives together - a mortgage. It’s a big step to take as you seek to leave y ... [read more]

How to Choose a Mortgage Broker in Winnipeg MB

How to Choose a Mortgage Broker in Winnipeg MB

January 29, 2019 | Posted by: Ron Chan

You already know the importance of using a mortgage broker (vs going at it alone) but now that you’ve made the wise choice to work with one, how do you go about appointing a broker to help wit ... [read more]

Winnipeg Real Estate News - Mortgage Rates 2019

Winnipeg Real Estate News - Mortgage Rates 2019

January 23, 2019 | Posted by: Ron Chan

Buyers in Winnipeg are doing backflips over the recent news There’s been some big news for prospective buyers of Winnipeg real estate at the onset of 2019. Whether you’re looking for a ... [read more]

Winnipeg Tech Sector - Positive Impact on Mortgage Investment

Winnipeg Tech Sector - Positive Impact on Mortgage Investment

January 16, 2019 | Posted by: Ron Chan

One walk through Winnipeg’s Exchange District and you’ll note something is buzzing within the windows of the mid-nineteenth century construction. Buttoned down suit-and-tie types ha ... [read more]

Commercial Investment Mortgage - What You Need to Know

Commercial Investment Mortgage - What You Need to Know

January 8, 2019 | Posted by: Ron Chan

Last week we discussed the positive outlook for residential investment mortgages in the greater Winnipeg area. In doing so, we touched on the concept of using a residential investment property to ea ... [read more]

Residential Investment Mortgage - Why It Makes Sense in 2019

Residential Investment Mortgage - Why It Makes Sense in 2019

December 27, 2018 | Posted by: Ron Chan

For the purposes of this article, the concept of a residential mortgage investment applies to buying a single detached home or condo in Winnipeg, as opposed to getting involved with a mortgage inves ... [read more]

Why Mortgage a Winter Cabin in Winnipeg

Why Mortgage a Winter Cabin in Winnipeg

November 30, 2018 | Posted by: Ron Chan

Have you always dreamed of owning a quintessential winter cabin? Something in the woods, but not too far removed from civilization that you can’t get wifi while enjoying at latte at a local ca ... [read more]

Why Buy a Home for the Holidays

Why Buy a Home for the Holidays

November 23, 2018 | Posted by: Ron Chan

There are a lot of purchase decisions to make over the holidays. Decorations, gifts, tickets to a wide variety of festivities, and perhaps seasonal travel plans. However, for some of you, buying a h ... [read more]

How to Increase Vacation Rental / Airbnb Bookings During the Holidays in Winnipeg

How to Increase Vacation Rental / Airbnb Bookings During the Holidays in Winnipeg

November 16, 2018 | Posted by: Ron Chan

Are you putting your Winnipeg home on the short term rental (STR) market and Arbnb to pay of your mortgage? It can absolutely be an effective strategy once you factor in the key considerations. In f ... [read more]

Getting a Mortgage When Relocating / Moving to a New City

Getting a Mortgage When Relocating / Moving to a New City

September 25, 2018 | Posted by:

Stats Canada’s recent economic indicators prove a Winnipeg population growth that is greater than the country’s average. That means if you are moving/relocating from somewhere in Canada, ... [read more]

Green Home Mortgage Benefits

Green Home Mortgage Benefits

September 12, 2018 | Posted by:

Whether touting greater energy efficiency than traditional builds or outright claiming NetZero status, green homes are the talk of the town in ever major city in Canada, Winnipeg included. Real esta ... [read more]

Getting a Mortgage After Retirement

Getting a Mortgage After Retirement

September 5, 2018 | Posted by:

In what seems to be a never-ending “Getting a Mortgage After…” content series that has touched on getting a mortgage after having a baby, after starting a new business, and after ... [read more]

Getting a Mortgage After Having a Baby

Getting a Mortgage After Having a Baby

August 29, 2018 | Posted by:

Before we dive into the details, let’s start with a hearty congratulations on your current or future bundle of joy!  Now, as all parents know, in addition to all of the awesomeness, havi ... [read more]

When Not to Use Home Equity

When Not to Use Home Equity

July 26, 2018 | Posted by:

Last week, we provided some advice to Winnipeg homeowners out there who are thinking about tapping into their home equity to take advantage of opportunities. For many of you, doing so is a wise choi ... [read more]

When to Use Your Home Equity to Your Advantage

When to Use Your Home Equity to Your Advantage

July 23, 2018 | Posted by:

One of the reasons people hold off on making a downpayment to buy a home is that they want to have liquid funds to allocate towards some other opportunity or quality of life improvement. However, th ... [read more]

5 Reasons Not to Pay Off Your Mortgage Early

5 Reasons Not to Pay Off Your Mortgage Early

July 11, 2018 | Posted by:

Last week, I published an important article on the good reasons to pay off your mortgage early. And while absolutely valid, there is certainly a flip side to the story, which is why I’m follow ... [read more]

5 Good Reasons to Pay Off Your Mortgage Early

5 Good Reasons to Pay Off Your Mortgage Early

July 3, 2018 | Posted by:

There are some compelling reasons for not paying down a mortgage early, with lucrative alternative investments being the primary one. If the same money you plan on using to pay off the debt on your ... [read more]

Using Airbnb to Pay Mortgage - 5 Things to Consider

Using Airbnb to Pay Mortgage - 5 Things to Consider

June 27, 2018 | Posted by:

Homestay services such as Airbnb (and VRBO, etc.) have become a popular means to not only generate revenue from a home, many people are using them to effectively pay down their mortgages, which can ... [read more]

Ron Chan
Ron Chan
Winnipeg, Mortgage Specialist
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