Stew's News - October 2025
- stewartadmin
- Oct 3
- 2 min read
Recent changes on the federal and local stage means good news for investors and sellers with investment-friendly properties.
The Bank of Canada lowered its overnight interest rate to 2.5% in September.
This reduction is a move in the right direction for those looking to renew their mortgage or looking to purchase a home as even a 25 basis point reduction has a significant effect on a prospective purchaser's buying power.
To get a sense of where conventional fixed mortgage posted special rates are sitting, take a look at these special offer mortgage rates presently posted on the financial institution's website.
Institution | 1 Year | 3 Year | 5 Year |
4.89 | 4.19 | 4.29 | |
5.00 | 4.10 | 3.99 | |
4.99 | 4.19 | 4.09 | |
5.24 | 4.39 | 4.59 | |
6.09 | 4.49 | 4.64 | |
6.09 | 6.05 | 6.09 | |
6.09 | 4.54 | 4.64 | |
4.99 | 4.39 | 4.54 |
A reminder to all the investors out there, and clients with homes in neighbourhoods that are prone to multi-family dwellings, multi-family homes are now allowed in all residential areas of Winnipeg; the single-family dwelling restriction has been lifted as of June 2025.
Highlights of the zoning changes include:
allowing duplexes on 25 foot wide back lane lots, with height limits of 28-35 feet;
allowing triplexes on 35 foot wide back lane lots, with height limits of 30-35 feet; and
allowing fourplexes on 50 foot wide back lane lots, with a height limit of 30-35 feet.
All subject to conditions of course!
That's all for now folks!
I work with my clients to ensure their purchase is a good investment. If you are looking to get the best bang for the buck, then give me a call!
Don't forget to read my recent posts on fall preparations and upcoming events in Winnipeg
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