3.9%
Lowest Rate
$365,000
Avg Home Price
2 min
Quick Pre-Approval
30+
Lenders Compared
Manitoba Mortgage Market Overview
Buying Costs
Land Transfer Tax:0.5% - 2% on fair market value
First-Time Buyer Rebate:Up to $1,500 school tax reduction
Population:1.4 million
Key Facts
- Public auto insurance through MPI
- Very affordable housing market
- Strong agricultural economy
- Lower insurance rates than Ontario
Why Compare Mortgage Rates in Manitoba with RateView?
Access to 30+ banks and lenders in one place
No impact to your credit score for pre-approval
Expert mortgage specialists familiar with Manitoba market
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Understanding of Manitoba-specific programs and incentives
Frequently Asked Questions About Manitoba Mortgages
What is the average home price in Manitoba?
The average home price in Manitoba is approximately $365,000. Prices vary significantly by city, with Winnipeg typically having higher prices than other areas.
What is the land transfer tax in Manitoba?
Manitoba has a land transfer tax of 0.5% - 2% on fair market value. First-time buyers may be eligible for: Up to $1,500 school tax reduction.
How do I get the best mortgage rate in Manitoba?
To get the best rate, compare multiple lenders, maintain a good credit score (680+), have a stable income, and consider making a larger down payment. RateView helps you compare 30+ lenders instantly.