Real Estate News, Articles & Corporate Announcements

7/19/2019 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Toronto has been ranked as Canada’s most attractive city to move to, according to a survey from finance planning website Finder.com.

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7/18/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.

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7/18/2019 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.

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7/18/2019 | Posted in Commercial Real Estate by Forest Hill Real Estate Signature
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Relative to the sizes of their respective markets, new office building construction in Canada is at a pace nearly twice that in the United States, according to a recent report ... More

Real Estate & Mortgage News

7/17/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More

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7/15/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed in June 2019 from the previous month.

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7/15/2019 | Posted in Commercial Real Estate by Forest Hill Real Estate Signature
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Commercial real estate in the Greater Toronto Area saw a slower pace of activity in the second quarter of 2019 compared to a year earlier.

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7/15/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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The price of a Canadian home increased a modest 1.1 per cent in the second quarter of 2019, largely due to price appreciation in Ontario.

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7/15/2019 | Posted in Commercial Real Estate by Forest Hill Real Estate Signature
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Demand for offices in Toronto and Vancouver has squeezed the vacancy rates of both, making them the joint tightest markets in North America.

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7/12/2019 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Amid sustained high levels of demand, condos continued to be the fastest appreciating residential property type in the Greater Toronto Area according to a new report.

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Real Estate & Mortgage News

7/11/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Canadian housing starts trended higher in June, primarily due to higher trending row and apartment starts, in urban areas.

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7/10/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

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7/9/2019 | Posted in Toronto News by Forest Hill Real Estate Signature
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U-Haul’s annual migration trends report for 2018 shows more people are moving to Toronto.

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Real Estate & Mortgage News

7/9/2019 | Posted in Commercial Real Estate by Forest Hill Real Estate Signature
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The shift towards flexible working has been changing the demand of office tenants over recent years and a new report shows the strength of ... More

Real Estate & Mortgage News

7/5/2019 | Posted in Rental Market by Forest Hill Real Estate Signature
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The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity.

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7/4/2019 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent ... More

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7/3/2019 | Posted in Commercial Real Estate by Forest Hill Real Estate Signature
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The Greater Toronto Area will see approximately 2.2 million square feet of new office space by the end of the year, but this would not be nearly ... More

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7/3/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics.

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6/30/2019 | Posted in Holidays and Traditions by Forest Hill Real Estate Signature
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Smile, laugh and enjoy ... It is Canada Day!!!!

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Real Estate & Mortgage News

6/28/2019 | Posted in Rental Market by Forest Hill Real Estate Signature
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The average monthly rental rate in Canada increased by four per cent in May following two months of declines, but demand for apartments is expected to remain strong according ... More

Real Estate & Mortgage News

6/28/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Affordability may be improving but home ownership in Toronto and Vancouver is still an “impossible obstacle” for most potential buyers, Royal Bank of Canada warns. ... More

Real Estate & Mortgage News

6/27/2019 | Posted in New Developments by Forest Hill Real Estate Signature
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There was strong activity in the Greater Toronto Area’s new homes market in May: 4,794 new homes were sold in the month, up 94% ... More

Real Estate & Mortgage News

6/26/2019 | Posted in Toronto News by Forest Hill Real Estate Signature
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Oxford Properties Group is planning a US$3.5 billion development in downtown Toronto that would be one of Canada’s biggest real estate projects.

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6/24/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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The residential construction sector led the gains for overall Canadian construction investment in April, the latest month of figures released by Statistics Canada.

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6/20/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold ... More

Real Estate & Mortgage News

6/19/2019 | Posted in First Time Home Buyers by Forest Hill Real Estate Signature
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem.

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Real Estate & Mortgage News

6/18/2019 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ... More

Real Estate & Mortgage News

6/17/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities.

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Real Estate & Mortgage News

6/17/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed further in May 2019.

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Real Estate & Mortgage News

6/16/2019 | Posted in Holidays and Traditions by Forest Hill Real Estate Signature
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To all awesome dads, step dads, grandpas, soon-to-be-dads : Hope you have a great day enjoying your favourite things!

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