Considered to be the Heart of the Continent, Winnipeg is the largest city in Canada. It attracts so many people and that is why New Homes for Sale in Winnipeg are on high demand. Those who once visit Winnipeg hardly want to leave it thanks to its cozy atmosphere. Though Winnipeg is also known for its harsh, long, and cold winters, it continues being the top destination. The reason is quite simple – Winnipeg has a unique spirit and hospitality. Thanks to such a friendly, warm, and welcoming environment, all newcomers to Canada choose it without paying attention to its severe winters.

Whether you are going to buy a new property in Winnipeg or you have planned to sell your existing one, The Jennifer Queen Team is always there to help you. It’s important to deal with professionals who know the industry inside out. They can guide you during the buying and selling process. These experts are up front about services they will provide so you can trust them and get the needed support. Don’t hesitate to call this team and they will certainly help you every step of the way.

If you are interested in First Time Home Buyers Manitoba then never think twice and call The Jennifer Queen Team to get more details. The new First Time Home Buyer’s Incentive (FTHBI) came into effect in September 2019. This is a great program designed to make things as simpler as possible for young people. It helps eligible Canadians buy their first home by lowering the monthly mortgage payments. The federal government agreed to a $1.25 billion CMHC First-Time Homebuyer Incentive over three years. It will provide 5% of the cost of an existing home up to a maximum of $500,000 and 10% of the price of a new home. While it sounds like the federal government is providing an interest-free loan, know that they also secure shared equity in your home as it goes through gains and losses. This means the amount paid back to the government will fluctuate according to how much your home increases or decreases in value.

However, to qualify for the new First Time Home Buyers Manitoba you should remember these things:

 Applicants must have a down payment of at least 5% and no more than 20%. (CMHC insurance must apply).
 Household income must be less than $120,000.
 The mortgage cannot be more than four times the homebuyers' household income.
 Applicants must not have owned a house in the last four years – exceptions will be made for those in a "breakdown of marriage or common-law partnership."
 The loan must also be paid back under two circumstances:
1. if you sell your home;
2. or at the end of 25 years

It doesn’t matter you are selling your home or looking for New Homes for Sale in Winnipeg, rest assured The Jennifer Queen Team will help you despite the type of the house you are looking for:

 single family homes for sale
 townhomes
 condos
 other exclusive properties
Call them today and discuss each detail!
https://jenniferqueen.com/home-buying-guide.html