October 13, 2023 https://peterpaley.com/first-time-home-buyer-tax-credit…/ TAX CREDIT For First-Time Homebuyers For 2022 and subsequent years, the Government of Canada proposes to increase the amount used to calculate the HBTC to $10,000, which would provide a tax credit of up to $1,500 to eligible home buyers. You can claim up to $10,000 ($5,000 for 2021 and prior […]

October 12, 2023 https://peterpaley.com/home-purchase/mortgage-pre-approval/ We offer fully underwritten pre-approvals. What’s the deal with pre-approvals these days? I’ve been in the industry for a long time. A pre-approval used to actually be a bonafide pre-approval that one could rely on to purchase a home with confidence. This hasn’t been the case for quite a few years. […]

October 11, 2023 https://peterpaley.com/manitoba-metis-federation-first-time-home-purchase-program-grant-up-to-20500/https://peterpaley.com/manitoba-metis-federation-first…/ The Manitoba Metis Federation – First Time Home Purchase Plan up to $20,500 forgivable grant available. The Manitoba Metis Federation has an excellent grant program for Metis Citizens. The program will provide 5% of the purchase price up to $18,000.00 plus closing costs of up to $2,500.00 for a total maximum […]

October 10, 2023 https://peterpaley.com/mortgages/benefits-of-using-a-mortgage-professional/ Why Use A Mortgage Broker? When people are asked this question, the most common answers are; – Lowest Rate! – Most of the time this is true. – Better Terms! – Almost always this is true. – Better Service! – Almost always this is true. – MORE CHOICE – Always true! […]

October 6, 2023 – Happy Thanksgiving! https://peterpaley.com/refinance/ Refinancing At Renewal Interest rates are stubbornly high. As we have been posting for the last few weeks renewals were going to be tough on some households. Fixed mortgage rates have been steadily increasing and many renewal agreements that we are seeing are well north of 6%. In […]

Happy Sunday! There are 185 Open Houses scheduled for today ranging in price from $164,900 to $1,074,000 in Winnipeg and the surrounding areas.  Click the link below to be redirected to Realtor.ca where all of the open houses have been prepared for you to view. CLICK HERE TO SEE ALL THE OPEN HOUSES LISTED ON […]

September 28, 2023 Mortgage Myth Busters: Today our post we will be busting common mortgage myths. Myth #1: Mortgage Brokers Cost Too Much Money – BUSTED While there may be times when a mortgage broker needs to charge a fee, in most cases we are paid directly by the lender a commission or fee that […]

September 27, 2023 https://peterpaley.com/purchase-plus-improvments-mortgages/ Purchase Plus Improvements is an excellent but underutilized program, especially in our Manitoba real estate market. The program allows a homebuyer who is applying for an insured mortgage (usually less than 20% down) to include up to $40,000.00 of home renovations or improvements in the mortgage. Typically the eligible types of […]

Fall Market Update. As you may have heard, The Bank of Canada opted to maintain its policy rate at 5% as of September. The recent rate hikes over the spring and summer have slowed the housing and mortgage markets as potential buyers were unsurprisingly spooked by the rise in mortgage rates. More recently, fixed-rate loans […]

https://peterpaley.com/home-building-construction-mortgages/ Let’s talk about building a new home. Over the last few years, it has been a very stressful process. Global supply chain problems, long delays, and rising interest rates unquestionably put much financial strain on many home buyers. In Winnipeg, homebuyers walked away from their contracts due to higher interest rate costs and not […]