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Winnipeg Realtor Real Estate News — Winnipeg Real Estate Market December 2015 Sales Up 4%

2015 SALES SOLID WITH PRICES HOLDING FIRM
–           –           –
December Sales Up 4%

WINNIPEG –   2015 finished on a strong note.  Following on the heels of a record sales month for November, December sales of 642 were up 4% from last December. They are the third highest for this month, and are only behind the best sales years ever by a very modest amount.
 
“It is really quite remarkable how close our year-end sales have been in the last few years including our highest sales year in 2007,” said WinnipegREALTORS® outgoing president David MacKenzie. “They all tend to hover just above or close to the 13,000 level and in percentage terms we are only talking a little over 1% when we compare the 12,927 sales recorded this year to the 13,079 in 2007.”
 
While sales and even prices have shown consistent and similar results, listings have not chartered the same path. The number of listings entered on the MLS® were 24,603 in 2015, up 7% over 2014, and 41% over the 10-year average of 17,433. With an increase in listings but sales remaining consistent, the market’s inventory has also been rising month to month. This is borne out in having over 5 months of inventory available going into 2016.
 
“Buyers are in a great position to take advantage of a current market which is providing a large number and array of properties for sale and ones which remain some of the most affordably-priced in the country,” said Mackenzie. “Sellers need to take heart knowing WinnipegREALTORS® is still enjoying one of the best sales years it has ever had. They need to be aware however that more competition for those sales creates more downward pressure on prices since supply is outstripping demand.”
 
An indicator of stiffer competition for selling your home is evident when you see the number of single family home sales selling below list price.  Properties below list accounted for  65% in 2014 but now represent 75% of the market in 2015. In December alone 87% of all single family home sales sold below list price. Of the single family or residential-detached listings which sold in 2015, on average they achieved 98% of the total list price.
 
When 2015 was all said and done a new MLS® dollar volume record was established at $3.5 billion. This resulted in a 2% increase over 2014. Despite sales being higher this December from December 2014, dollar volume actually fell 2.89% when compared to December 2014.
 
It was a tale of different stories when it came to the two primary MLS® property types. Residential-detached performed exceedingly well with sales and dollar volume up 3 and 5% respectively in comparison to 2014. On the other hand, condominiums never recovered from an unexpectedly poor first quarter where sales were off by 20%. By year end this deficit was cut in half but nonetheless represented a 10% decrease compared to 2014.
 
The average sales price for residential-detached was $293, 992, a 2% increase over 2014. The average condominium sales price showed a 1% decrease from $239,171 in 2014 to $236,204 this year.
 
Residential-detached represented nearly 3 out of every 4 properties which sold on MLS® in 2015. Condominium market share was 12.5%. 25% of residential-detached sales in 2015 happened outside Winnipeg in the capital region. The southwest quadrant of Winnipeg was second with 19% of total sales.
 
The most active price range for residential-detached sales in 2015 was $250,000-$299,999 (22% of total sales), followed by the $200,000-$249,999 (17%) and the $300,000-$349,999 (14%).  Average days on the market for residential-detached sales was 33 days, 3 days slower than 2014. The highest-priced residential-detached sale was $2.7 million. The least expensive sale was $8,000.
 
The most active price range for condominiums in 2015 was $150,000-$199,999 (30% of total sales), followed by the $200,000-$249,999 (20%) and the $250,000-$299,999 (18%). Average days on market for condominium sales was 49 days, 9 days off the pace set in 2014. The highest-priced condominium sale was $950,000. The least expensive sale was $57,000.
 
Looking ahead to 2016, Manitoba’s GDP is expected to increase to 2.3% which is an improvement over the expected increase of 2.0% in 2015. In keeping with one of the country’s best GDP’s, Manitoba’s employment is forecast to grow by 1.6% in 2015 and 1% in 2016. This will keep its unemployment rate below 6%. Manitoba had Canada’s second highest population increase of 1% in 2015.
 
“While we do have an abundance of listings to work our way through at the beginning of the year, the good news is Winnipeg’s and Manitoba’s economy is performing relatively well,” said MacKenzie. “A most recent survey by CIBC shows Manitobans are most confident about their state of finances so this is another positive indicator that they will continue to take advantage of an excellent selection of properties for sale at some of the most affordable prices in the country.”
 
Established in 1903, WinnipegREALTORS® is a professional association representing over 1,850 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market.  Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession.  REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by The Canadian Real Estate Association and are used under licence.
 

Mortgage Rates for Dec 15, 2015 — By Peter Paley

                                             

Peter Paley - Your Home and Mortgage Peter Paley

 

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

 
Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!
 
At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.
 
We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.89%

2.29%

2 YEARS

2.84%

2.24%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.74%

7 YEARS

5.30%

3.44%

10 YEARS

6.10%

3.89%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.70%

5 yr variable

2.30%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Mortgage Rates for Dec 8, 2015 — By Peter Paley

                                            

Peter Paley - Your Home and Mortgage Peter Paley

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

 
Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!
 
At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.
 
We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.89%

2.29%

2 YEARS

2.84%

2.24%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.74%

7 YEARS

5.30%

3.49%

10 YEARS

6.10%

3.89%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.70%

5 yr variable

2.30%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

How to overcome home buying obstacles

(NC) Whether you’re a first time home buyer or experienced in the world of home ownership, there are plenty of unexpected challenges you’ll have to overcome in this process.
 
According to the 22nd Annual RBC Home Ownership Poll,
choosing the right property (35 per cent) tops the list of challenging decisions home buyers experience, followed by deciding how much you can afford (21 per cent) and getting a home inspection (10 per cent).

 

RBC offers the following tips:

 

• Find the ‘right’ property: Research everything from the type of property you want, to location, to the condition of the home. Know what trade-offs you are willing to make.

 

• Understand the total cost: Calculate both one-time costs such as down payment, appraisal and legal fees, and ongoing costs such as mortgage payments, utilities, maintenance. Balance those costs against your lifestyle.

 

• Do a home inspection: Be aware and ask questions, and know the full condition of the home before closing the deal. What you learn in advance could help you save money and ensure you pay the right price for your home.

 

More information is available at www.rbc.com/firsthome.

 

Source: www.newscanada.com

 

Message from Realtor Rosalie Drysdale

 
Coming to the end of your term with your mortgage, needing to resign for the next five years. Contact one of the Mortgage Brokers from my website
 
http://999-rose.ca/wp/services/financial/
 
Contact one of the Mortgage Professional below to help you with the progress and let the Mortgage Broker know who referred there services to them.

 

Fewer starts, more resales from the Winnipeg Real Estate Market

Slow but steady growth forecast for Winnipeg’s housing market

 

Finance. For Sale signs for condos in South Pointe.  It’s to go with a story on September’s MLS sales and housing start numbers. It was a good month for both MLS sales and housing starts. Murray McNeill story.  Wayne Glowacki / Winnipeg Free Press October 8 2015

Finance. For Sale signs for condos in South Pointe. It’s to go with a story on September’s MLS sales and housing start numbers. It was a good month for both MLS sales and housing starts. Murray McNeill story. Wayne Glowacki / Winnipeg Free Press October 8 2015


 
The resale market is expected to chug along in the next few years even though home-building will slow down because there is more supply than demand. New projections were released Monday. Photo Store
 
Rising inventory will take some of the steam out of the local home-building market over the next few years, but healthy population and employment growth should keep the resale market chugging along, the fall forecast by Canada Mortgage and Housing Corp. shows.
 
“Total starts (in the Winnipeg Census Metropolitan Area) will continue to come down from the 2013 peak over the forecast period,” Lai Sing Louie, CMHC’s regional economist for the Prairie region, said Monday.
 
“Rising inventory in the multi-family sector will prompt builders to reduce production in 2016 and 2017, offsetting slight increases in single-detached construction.”
 
The agency predicts total starts in the Winnipeg CMA will drop by 7.6 per cent this year, falling to 3,925 units from 4,248 in 2014. And they will continue to drift down during the next two years, falling to 3,800 units in 2016 and to 3,750 units in 2017.
 
Manitoba Home Builders Association president Mike Moore agreed builders of multi-family complexes — condominiums, townhouses and rental apartments — will likely postpone some new projects next year until they can significantly reduce the inventory of unsold units.
 
“But I think the inventory will be pretty much gone by then (the end of 2016) and it will be time to start building again,” he added.
 
“So I’m a little more optimistic about (2017). I think the numbers will be slightly better than is forecast — by a couple of hundred units. ”
 
As for the single-family side, Moore said the industry would be satisfied to see starts continue to grow at a slow but steady pace during the next few years.
 
“That’s good news for the bulk of our builders who are single-detached builders.”
 
CMHC also expects the local resale market to continue chugging along during the next couple of years as population and employment continue to grow. But the growth in MLS sales will be modest — less than one per cent in 2016 and 2017, it said.
 
Balanced market conditions should keep price increases in check. The average MLS selling price is expected to climb by 1.7 per cent to $278,000 this year, and by 1.4 per cent in both 2016 and 2017.
 
Peter Squire, residential market analyst for the Winnipeg Realtors Association, said those prices are in line with industry expectations.
 
Although sales of detached homes are up a bit this year, condo sales are lagging, he said.
 
It will likely be a similar story in 2016.
 
“That (the inventory of unsold condos) will have to work its way through, and it will,” he said.
 
CMHC’s fall forecast also looks at what’s likely to happen in the Manitoba housing market, and it’s a similar story. Housing starts are expected to fall to 5,600 units this year from 6,220 in 2014, hold steady at that level in 2016, and rebound to 5,700 units in 2017.
 
Like Winnipeg, MLS sales will continue to climb at a moderate pace in the next two years, rising to 14,200 units in 2016 and to 14,400 units in 2017, the agency added. The average selling price will creep up, rising to $273,600 in 2016 and to $277,500 in 2017.
 
murray.mcneill@freepress.mb.ca
 
CMHC fall housing forecast
 
Here are the Canada Mortgage and Housing Corp.’s projected numbers for the Winnipeg and Manitoba housing markets, with the percentage change from the previous year in brackets:

Winnipeg CMA* 2014 2015 2016 2017
Housing starts 4,248 3,925 (-7.6) 3,800 (-3.2) 3,750 (-1.3)
MLS sales 12,147 12,300 (1.3) 12,400 (0.8) 12,500 (0.8)
Average selling price $273,363 $278,000 (1.7) $282,000 (1.4) $286,000 (1.4)
Manitoba 2014 2015 2016 2017
Housing starts 6,220 5,600 (-1.0) 5,600 (0) 5,700 (1.8)
MLS sales 13,782 14,000 (1.6) 14,200 (1.4) 14,400 (1.4)
Average selling price $266,329 $269,800 (1.3) $273,600 (1.4) $277,500 (1.4)

* Census Metropolitan Area
 
Republished from the Winnipeg Free Press print edition October 27, 2015
 
Source: http://www.winnipegfreepress.com/

Ready to become a savvy homeowner and let renters help pay your mortgage ? Talk to me today and find out how !

 

Peter Paley
Mortgage Associate

204.289.0894

Your Home & Mortgage

Five reasons why you should let renters help pay your mortgage

Are you a savvy homebuyer ?

Then let renters help pay your mortgage.

Recently Canada Mortgage and House Corporation (CMHC) announced that when qualifying for a mortgage, homeowners could now count all of the income from their legal secondary unit(s) instead of the previous 50 per cent, making it easier to qualify and giving this home buying option a boost.

Whether you’re a first-time homebuyer feeling your way into the housing market or an existing one looking to lower your mortgage payment, here are five reasons why having renters help pay your mortgage is such an appealing option:

  1. Some first-time buyers want to move directly into a single-family home and get mortgage assistance using a rental suite instead of purchasing a condo at a lower cost.
  2. If you want to get your foot into the world of real estate without breaking the bank, a home with a rental suite can be a great start, especially if the area you happen to love is pricey.
  3. Homeowners looking ahead to the future may want to lower their mortgage cost so they can channel money into other investment areas like RRSPs, TFSAs, RESPs. Or simply as a way to become mortgage free sooner.
  4. Spending less on your mortgage can give you the freedom to change your lifestyle or follow your dreams, perhaps to travel, start a new business venture, or allow for the luxury of having a stay-at-home parent.
  5. Rental suites are also great if you have aging parents. You can keep them close without infringing on personal space. Keep in mind that if tenants are family members, lenders and insurers will not use the rental income for qualifying purposes.

Ready to become a savvy homeowner and let renters help pay your mortgage?

Talk to me today and find out how!

 

MORTGAGE CHOICE: MONOLINE LENDERS

Keep Calm and Choose Wisely

Finding a perfect mortgage that fits your life is like finding the perfect home. It’s an important decision that requires a lot of shopping around. That’s where we come in. With access to over 50 of Canada’s leading lenders, we are a one stop shop. We work with major banks, credit unions, and national, regional and private lenders. One specific lender type that we work with is called a “monoline” lender, which focuses just on mortgages and doesn’t take deposits. They don’t have other products to cross-sell, which differentiates them from a bank or credit union. They are an important part of the mortgage market because their mortgage products and low pricing improve consumer choice and ensure that our banks remain competitive. Most monoline mortgages are only available through mortgage brokers, which is one of the reasons so many Canadians are turning to mortgage brokers for their purchases, refinances and renewals.

Happy Thanksgiving

The Thanksgiving holiday is a special time to pause and give thanks for the comforts of family and home. It’s so gratifying to know that so many will be celebrating in homes that we helped them achieve. Happy Thanksgiving!

Peter Paley
Mortgage Associate
204.289.0894

Message from Peter Paley Mortgage Broker

The Thanksgiving holiday is a special time to pause and give thanks for the comforts of family and home. It’s so gratifying to know that so many will be celebrating in homes that we helped them achieve. Happy Thanksgiving!

Happy Thanksgiving

Mortgage Rates for July 28, 2015 — By Peter Paley

                                            

Peter Paley - Your Home and Mortgage Peter Paley

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.70%

5 yr variable

2.20%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

New Mortgage Prepayment Stats

Manulife released new data this week on homeowners’ tendency to prepay their mortgages, as well as their ability to withstand interest rate hikes. Here’s what those numbers revealed.
 
Prepayment Trends
 
Mortgages with big prepayment allowances save a small fraction of the population a lot of interest. There’s no disputing that. But for most, they are one of the more over-rated mortgage features. Manulife’s Homeowner Debt Survey supports that assertion.
 
The report found that while 40% of mortgage holders paid extra on their mortgage last year, those payments totalled only 3.3% of the average Canadian’s mortgage balance (which is $190,000). Moreover:

  • Fewer than 1 in 15 mortgagors pre-paid more than $10,000.
  • Only 1 in 50 prepaid more than $25,000 (i.e., more than 13% of the average Canadian mortgage balance).

This chart from Manulife helps explain why 6 in 10 mortgagors are passing up prepayments.

 

Extra payments
 
Borrower Stability
 
It’s encouraging that 56% of homeowners said they reduced their debt in the past year. That’s up from 51% a year ago.
 
Clearly, the majority of borrowers have household debt under control. But Manulife’s survey revealed some sobering statistics on the minority, like the fact that 40% of homeowners claim they’d struggle to make their mortgage payments within three months of being out of work.
 
In the event that the primary income-earner lost his/her job:

  • One in six homeowners said they’d struggle to make their regular mortgage payment within just one month.
  • Over a quarter (27%) would struggle to do so after three months.

And then there are interest rate hikes to consider:

  • More than a third of homeowners surveyed would encounter “financial difficulty” if their mortgage payment increased by just 10%.
  • 15% of mortgagors said they could not absorb any increase in their payment.

 
Now, mind you, surveys have a funny way of drawing out biased responses. And this may be one of those cases.
 
CAAMP economist Will Dunning told Amanda Lang his research suggests that many people have paid more than they’re paying now. Yet those same people say they can’t afford higher payments.
 
“Probably, they’re not telling us what they can afford,” he said. “They just don’t want to see their payment rise…”
 
Whatever the case may be, it appears there is still ample room for financial improvement before a sizable minority of homeowners achieve a good night’s sleep.
 

The Survey: The Manulife Bank of Canada poll surveyed 2,372 Canadian homeowners between ages 20 to 59 with household income of $50,000 or more. The survey was conducted online by Research House between February 10 and 27, 2015. National results were weighted by province, income and age.
 
Source: canadianmortgagetrends.com

Seven Bedroom Home at 70 Kingsway , Winnipeg

Stately with breathtaking woodwork throughout. Lg open with an abundance of natural light in this elegant home. 70 Kingsway Street

Grand, designer-influenced entrance with multiple, leaded glass French doors leading into spacious living areas.

70 Kingsway Ave 2                                               70 Kingsway Ave 022

Huge Living room and dining room with gorgeous quarter-cut dark oak hardwoods. LR leads into comfortable 4-season sun room. Lg eat-in kitchen beside bar with granite counter.

70 Kingsway Ave 4 70 Kingsway Ave 006

70 Kingsway Ave 10.1 70 Kingsway Ave 14 Master Bedroom

 

Download our Feature Brochure 70 Kingsway

 

More pictures and information on this Beautiful Home at 70 Kingsway, Winnipeg MB. Call Realtor Rosalie to view this outstanding Home.

 

70 Kingsway Ave 20

April resale activity healthy with year-to-date statistics positive across the board

Winnipeg real estate News Logo
 
The real estate market is either very, very good or really, really suspect, depending on which headlines you choose to read.
 
It’s difficult to decide what’s really happening from the sound bites, but the numbers on the resale market for the first four months of the year paint a fairly rosy picture, according to market reports provided by WinnipegREALTORS®.
 
Statistics for the first third of the year are up from comparable numbers last year, and last year recorded the fourth best resale numbers in the past 20 years and the best dollar volume ever through the Multiple Listing Service® (MLS®).
 
“Our numbers continue to support our forecast breakfast predictions,” said WinnipegREALTORS® president David MacKenzie. “In January we predicted that sales would be up from zero to two per cent year-over-year and home prices would increase by the same amount.
 
“And the January through April activity bears that out and then some.”
 
“The April MLS® listing inventory, the number of properties available for sale in Winnipeg, rose almost 36 per cent,” said Geoff McCullough, the executive director of WinnipegREALTORS®. “So buyers had more properties to choose from than last April (5,232), which indicates more balance in the marketplace.”
 
Listings entered into the MLS® system were also up 23 per cent over last April, with the addition of 2,837 properties this year.
 
Sales followed suit. The number of sales processed in the month was up close to four per cent from last April, with 1,273 sales recorded.
 
And dollar volume was up 8.8 per cent at $362.3 million.
 
The April numbers helped maintain positive year-to-date market statistics. There have been 8,336 listings entered on the MLS® system since January 1, which is up 25 per cent from last year.
 
And 3,538 sales have been recorded, which is up four per cent from the same period in 2014.
 
The January through April dollar volume is up 6.5 per cent at $962.4 million.
 
President David MacKenzie said market activity was positive in the first four months of this year.
 
“We often say that real estate is local with national averages and trends meaning very little,” he said. “Our market is our market.
 
“And even within our own market activity is local,” added MacKenzie. “What’s trending in Island Lakes will not necessarily be mirrored in the North End. I know of some MLS® areas where offers are few and far between while in other pockets of the City, multiple offers are still happening.”
 
He went on to say that in April, 22 per cent of residential-detached homes sold for more than list price, 8.5 per cent sold at list, while 69 per cent sold below list.
 
For condominiums, almost 11 per cent sold above list, 18 per cent sold at list and 71 per cent sold below list.
 
The most active price range in April for residential detached homes was between $250,000 and $299,999 with 22 per cent of total sales. It was followed by the $200,000 to $249,999 price range with 16 per cent of all sales.
 
The average number of days for a listing on the market was 27 compared to 26 last April. The highest priced residential-detached sale fetched $1.59 million and the least expensive sale was $8,000.
 
The most active price range for condos in April was between $150,000 and $199,999, representing 25 per cent of all sales.This price range was closely followed by the $200,000 to $249,999 range with 22 per cent of total sales.
 
The average number of days on market for condos was 49 compared to 38 last year. The highest-priced condo in April went for $630,000 and the lowest priced sale was at $244,579.
 
MacKenzie said Winnipeg is the second cheapest place in Canada to buy a home ($281,269 average price), due to plentiful inventory and has a healthy housing market, despite a recent Canada Mortgage and Housing Corporation (CMHC) report that rated the local market as “high risk.”
 
“In Winnipeg, the risk is overvaluation and overbuilding,” according to the CMHC report, which also rated Regina as “high risk.”
 
On other hand, CMHC indicated Vancouver and Toronto, where the average bungalow costs over $1 million, were both judged as “low risk.”
 
Source: Winnipeg Real Estate News