Stew's News
- stewartadmin
- Sep 5
- 2 min read
There are so many industries and government bodies that impact the real estate market, it's almost impossible to know where to start to providing updates!
That said, below are a few updates worth mentioning.
The Bank of Canada held its interest rate at 2.75% and, although that is significantly lower than the 5% we saw in spring 2024, it does not compare to the 0.5% we saw during the pandemic. Those looking to renew their mortgage or looking to purchase a home will have to plan for higher payments or secure a larger down payment.
Additionally, purchasers will have to qualify for the Bank of Canada qualifying posted rate of 5.25%.
To get a sense of where mortgage rates are sitting, take a look at these mortgage rates posted by the Winnipeg Regional Real Estate Board as at August 27, 2025.
Company | 1 Year | 3 Year | 5 Year |
4.89 | 4.19 | 4.09 | |
5 | 4.3 | 4.19 | |
5.24 | 4.14 | 4.19 | |
5.09 | 3.69 | 4.09 | |
6.74 | 4.34 | 4.29 | |
- | - | 4.49 | |
4.69 | 4.29 | 4.44 | |
4.99 | 4.19 | 4.09 |
As of October 1, 2025, title insurers will be required to verify the identify of their clients which means your lawyer will be asking you for permission to share your information. This change should have little impact upon purchasers, but you should be aware the red tape is getting thicker!
Finally, to deal with the influx of over 70,000 new residents, the City of Winnipeg has introduced new zoning rules to allow for a greater variety of housing types in more neighbourhoods following a trend seen across Canada and providing Winnipeg access to up to $450 million in federal support.
That's all for now folks!
I work with my clients to ensure they understand what homes fit within their budget and alert them to any cool down in the market that may open up opportunities.
If you are looking to get the best bang for the buck and want to ensure you can afford the home you buy, then give me a call!
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