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What is CMHC insurance and do I need it?

In Canada, most homebuyers will encounter CMHC mortgage insurance at some point in their home-buying journey. CMHC insurance is designed to protect lenders in case you’re unable to make your mortgage payments. If you are not sure if you need it, what it is, or the cost - this is the right post for you.

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What is a 48-hour clause?

A 48-hour clause (or time clause) is a condition that can appear when a seller has accepted an offer, but the buyer needs to sell their own home first. The clause allows the seller to keep marketing the property and accept backup offers. If a second, unconditional offer comes in, the seller can give the first buyer 48 hours to either waive the condition and proceed, or cancel the deal and let the second buyer take over. While not common in Winnipeg, it’s important to understand how it works if you’re dealing with one.

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Why Now Is a Great Time to Invest in Real Estate in Winnipeg.

If you’re considering entering the real estate market, there’s no better time to focus on Winnipeg. Whether you’re a first-time homebuyer, investor, or someone planning to upgrade, current market conditions and interest rates make this an ideal moment to make the move. 

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