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

Good bye summer, hello september

I'm sure we're not the only ones a little sad to see Summer ending, but we certainly won't complain about the busyness fall brings. September is off to a busy start for us!

If you've been following our Facebook page you will know about our September promotion, Open House Extravaganza. If not, here are the details. It's truly been an enjoyable time getting to talk to potential buyers and give the community something different. Even if you're not in the market to buy a home in the near future come stop by for a hotdog, chips and cookies.

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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

New home in the heart of Carman - 30 1st Street SE

If you're looking for a new home but don't want the work of building one yourself, here is a great opportunity!!

This home is tucked just off of Carman's main street, making it visible and in a great downtown location. This 2 story home was custom built in 2015 and has over 2000 square feet of living space. 

White cabinets and high end stainless steel appliances make the kitchen bright and welcoming. This functional space is maximized with an eat-in island and flows well with an open concept.

The living and dining rooms are located just off the kitchen which provides a great visual when preparing meals and entertaining. A bathroom is also located on the main floor. 

On the upper level you will find the master bedroom with a 5 piece en suite, 2 bedrooms, laundry, and a main bathroom. 

This home also has a fully finished basement providing a recreational area, utility room and a bathroom. 

Additional features of this home include a single attached garage, paved driveway, private deck, and a peaceful backyard. It is obvious that detail and quality were great priorities when building this stunning home. 

For more information please visit

www.terryandkellydyck.com

Character & Charm - 40 2nd Avenue NW in Carman

This character 1.5 story house in the Northwest end of Carman is charming and cozy. 

The front porch provides an area for lounging and adds to the appeal of the home. 

The kitchen, dining room, laundry, bathroom, and living areas are all located on the main floor. 

The master bedroom, 2 additional bedrooms and a bathroom are located on the upper level of the home.

The backyard is a great size and provides ample space for entertaining. There is an outdoor storage shed located at the back of the large fenced in backyard.

For more information about this and all our current listings visit www.terryandkellydyck.com

or call

Terry 204. 745.7700

or

Kelly 204.750.7700

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