Justin Hintz, Mortgage Professional
220-530 Kenaston Blvd. R3N 1Z4 Winnipeg, MB, Canada

I need to get better at posting on here a bit more regularly. That being said, things are going great at Ideal Mortgage Solutions. Today, I wanted to highlight cash-back mortgages. If you have an existing mortgage, I can transfer or renew it and get you a solid rate with a nice cash-back. For example, a five year fixed rate of 2.29% gets you a 3% cash-back! So if your mortgage is $300k, you'll get $9k from the lender when the mortgage closes. The lender covers the legal fees as well to transfer. There are also options available for 1%, 1.5%, and 2% cash-backs. If you have any questions about that, you know who to call.

CMHC...Genworth...all the updates.

Will 5% Downpayment go away? Will housing prices decrease by 18%?

Apr. 16 Update No change to prime 3% Cashback Offer Update on deferrals

More Breaking News: For the third time this month, the Bank of Canada has dropped their overnight lending rate by 0.5%. We should find out how the lenders react later today. This will affect anyone who has a variable rate mortgage or balances on both secured and unsecured lines of credit. Once lenders announce their response to this (which should be a drop in prime rate), I will update my page. https://www.bnnbloomberg.ca/bank-of-canada-cuts-key-rate-to

Just a heads up that fixed rates are going to be rising quite a bit tomorrow night. It will be busy but I’ll be available all day to answer questions and send in applications. If you gave a renewal or refinance coming up, now is the time to act. Don’t hesitate to call or email any time.

One of our fantastic realtors in Winnipeg Bryan Alan Masse posted these stats which I thought were very interesting. I've had a number of conversations with people over the last week asking how Covid-19 will effect housing prices. The housing market in Winnipeg has been remarkably steady over the last 50 years even though the 2008 recession. I've long viewed real estate as an excellent investment and continue to do so even as we're navigating through some turbulent times.

Re: Covid-19 and the economic effect