Winnipeg’s Guide: Conventional vs. High-Ratio Mortgages

When it comes to purchasing a home in Winnipeg, understanding the difference between conventional vs. high-ratio mortgages is crucial. These two types of mortgages have distinct characteristics that can significantly impact your homebuying journey and long-term financial health. Key Takeaways: Conventional mortgages require a down payment of 20% or more, while high-ratio mortgages allow for