As inventory in Winnipeg continues to be scarce and/or gobbled up by the voracious appetite of homebuyers and private & corporate investors has been dramatically increasing sales & price.  With no supply relief on the horizon due to arguably terrible government and CMHC policy for over a decade and historically low interest rates, 2022 should […]

When the Future Becomes the Present. Thinking about retirement before it happens is just common sense. But what questions should you be asking yourself? While seeking the advice of a professional like a retirement advisor can be helpful, there are a few questions to start thinking about as you begin to plan. Deciding early what […]

Winnipeg’s Market is HOT this year.  Inventory is very low and it is a seller’s market.   Many home buyers are having home inspections done before the offer date for their peace of mind.  One of the reason’s “it provides an out” probably is not going to apply in our current market.  However, if you can […]

Canadian 5-Year Bond Yield Surges   In an unprecedented move, bond yields are spiking around the world. Yields globally are now at levels last seen before the coronavirus spread worldwide. At the same time, commodity prices are surging, including energy, metals and minerals, agricultural products and lumber. The Biden administration’s $1.9 trillion stimulus package is has […]

Housing Continued to Surge in January   Today the Canadian Real Estate Association (CREA) released statistics showing national home sales hit another all-time high in January 2021. Canadian home sales increased 2.0% month-on-month (m-o-m) building on December’s 7.0% gain. On a year-over-year (y-o-y) basis, existing home sales surged 35.2%. As the chart below shows, January […]

Here are some of the top reasons why people refinance their mortgage. To consolidate high interest rate debt. To get a better mortgage rate and lower payment and interest costs Increase their mortgage amortization to lower their payment. Access home equity through a home equity line of credit. For the down payment of a new […]

A common question that clients have is how does a mortgage broker get paid?  There is a very big misconceptions that mortgage brokers always charge a fee.  This is rarely the case.  There are instances where we do, but over 90% of the time we are paid directly from the lender. Brokerage Fees & Compensation: […]

A Mortgage Broker Is Going To Give You The Best Mortgage That Meets Your Needs & Potentially Save You $1000s Of Dollars In Unnecessary Fees & Interest.   As Mortgage Brokers, we strive to educate consumers, REALTORS and all other Real Estate Professionals as to what a Mortgage Broker does.  As we are all independent […]

We recently had one of our REALTOR partners ask us if we could explain the difference between being PRE-QUALIFED VS. PRE-APPROVED. Different lending institutions are going to use the terms differently and even interchangeably.   However for us at the Mainstream Mortgage Team these terms mean. PRE-QUALIFIED: We would use this term for a client who […]

What will the real estate industry look like in 2021? If there is one word that defines life in 2021, that word is change. How much and for how long is uncertain. And while some changes may be temporary, many may be here to stay. How will all of this change impact the real estate […]