Fixed mortgage rates in Manitoba start around 3.9%, with variable rates near 3.5%. After the Bank of Canada held its overnight rate at 2.25%, rates are expected to remain stable through 2026. Fixed rates may slightly decrease due to declining government bond yields, while variable rates are unlikely to change unless the economy falters. Minimum down payments range from 5% to 20% depending on home price. Home sales showed modest growth in 2025, with prices rising.
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