New mortgage rules -simplified

New rules on mortgage rates came into effect on Monday, October 17th. You may or may not have heard about this but it is worth the mention. A lot of the articles about this change are geared toward industry members and are hard to comprehend. So here we'll try our best to uncomplicated it.

For some, this news won't have much of an impact. Meanwhile, for homebuyers wishing to put a down payment of less than 20%, this could play a significant role.

Individual banks have had their own rates in which you needed to qualify for. The federal government is now implementing a stress test type of qualification in order to qualify for an insured mortgage. Now, the buyer must qualify at the Bank of Canada (B.O.C) posted rate which is currently 4.64%, even though your interest rate may be substantially lower.
An insured mortgage is when a homebuyer has less than 20% available for a downpayment or if the mortgage is insure through either Canada Mortgage and Housing Corp (CMHC), Genworth or Canada Guaranty. The premium acquired on an insured mortgage provides security to the lender in the event of home buyer default. Essentially it protects the bank if you are unable to make payments.

Although these new regulations may seem unnecessary, they are aimed at protecting the financial security of Canadians and supporting the long term stability of Canada's housing market.

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150 Ross Place. Newly updated

If you're looking for a quiet, well established neighbourhood, here is a great option. Within walking distance to downtown businesses, high school, walking path and a short distance to the elementary school. 

This home features 1188 square feet of main floor living space plus a fully finished basement. New updates throughout this home include flooring, paint, appliances, countertops, bathroom fixtures, exterior, trim, and lighting.

The main floor boasts 3 bedrooms, including a master with ensuite, 4 piece bathroom, eat-in kitchen, and family room.

The basement features plenty of recreational and office space, a 3 piece bathroom, and laundry room with storage.

Some of the other features you will notice that make a huge impression are the double attached garage, large mature trees, sizeable backyard, and spacious deck off the kitchen and dining area.

This home is complete and ready to move in. 

Call us today for a private showing.

Call today!

Terry   204.745.7700

or 

Kelly   204.750.7700

8 Meadow Wood Bay. Welcome home

This gorgeous bungalow style home has all the bells and whistles. If you're in the market for a custom home this could be the one! 

The 1600 square foot main level includes an open concept kitchen, dining space and living room area, 3 bedrooms including a master bedroom with ensuite, bathroom and a large laundry room with plenty of storage.

Enjoy the ease of baking and meal preparation in this stunning kitchen. Complete with custom cabinetry, abundance of storage, high-end stainless steal appliances and granite countertops.

The main living area, including kitchen, living room and dining area boasts in an abundance of natural light. Entertain family and friends in this beautiful flowing living space.

Master ensuite features his and her sinks, and a beautiful walk-in shower.

The basement of this home provides even more space for entertaining! 2 bedrooms, a 3 piece bathroom, storage room, game room with bar and recreation area.

And just when you thought it couldn't get any better...it does! 

Enter onto the large, partially shaded deck through the dining room and enjoy your morning coffee and evening visits. 

Make an appointment and come see this home for yourself!

Call today!

Terry   204.745.7700

or 

Kelly   204.750.7700

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115 Letain Street- Miami MB

Located in Miami, this home has curb appeal and with 840 square feet there is a great amount of space. This bungalow style home features two bedrooms and one full bathroom, kitchen, dining area and living space. Laundry is located in the full unfinished basement.

The spacious backyard includes a detached garage and a sizeable deck off the back of the house. Many upgrades have been made to the home throughout the years including refinished kitchen cabinets, and new shingles and siding. 

If you're interested in this property give us a call before it's too late!

Terry 204.745.7700

or

Kelly 204.750.7700

www.terryandkellydyck.com

Peaceful Country Charm- RM of Grey

Welcome to 25040 PTH 2 Highway in the RM of Grey.

This charming property is tucked peacefully off of the number 2 highway, just minutes from Elm Creek and approximately 30 minutes from Winnipeg and Portage la Prairie.

As you enter into this 11 acre property, you're sure to fall in love with the charm of the mature trees and the country feel. 

The home on this property is a comfortable 2890 square feet and is a 1.5 story floor plan. Large windows provide the home with an abundance of natural light.   

Kitchen and dining room are an open floor plan prefect for preparing meals and visiting.

Separate living and family rooms provide spacious entertaining, whether company is over or you have a large family.

There are a total of 5 bedrooms, 2 on the main floor and 3 on the upper level. And 2 main floor bathrooms. 

Additional features of this property are a single attached garage, spacious back porch, a medal clad shed, and a deep well in the centre of the yard for convenience when watering the garden or for animals. 

We think this property is a must see if you're in the market for a beautiful peaceful country property. 

Call us today to book your private showing.

Terry 204.745.7700

or

Kelly 204.750.7700

www.terryandkellydyck.com

Welcome home! 21138 Road 28N Roland

Welcome! 

This 5 acre property has so much to offer and we think you'll agree. The house is 1710 square feet and has many great features. Let's take a look inside...

A large mud room provides entrance space and storage and is accessible from both the exterior of the house and the garage.

A large open kitchen with a dining area.

Main floor laundry. Master bedroom with an en suit. Two additional main floor bedrooms and a bathroom. 

Additional features of this beautiful property include a double garage and a full unfinished basement with room for an additional bedroom in the future. 

For more information visit

www.terryandkellydyck.com

or call

Terry 204.745.7700

or

Kelly 204.750.7700