Real Estate News, Articles & Corporate Announcements

3/25/2019 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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A new proposal from a trio of councillors would expand city housing allowances to struggling households, paid for by new land transfer tax tier on homes worth $3 million and ... More

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3/25/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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New measures for first-time home buyers could keep Canada’s housing market at cooler levels until autumn, according to a report by Royal Bank of Canada.

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3/22/2019 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Toronto’s housing market has become a target for money laundering according to a new study.

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3/22/2019 | Posted in First Time Home Buyers by Forest Hill Real Estate Signature
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The First-Time Home Buyer Incentive actually reduces affordability.

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3/22/2019 | Posted in Luxury Real Estate by Forest Hill Real Estate Signature
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Canada’s luxury homes market is set for a boost from population growth and rising consumer confidence according to a new report.

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3/20/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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The construction of new homes in Canada will continue to decline for the next two years as the economy slows and higher interest rates weigh on consumers, according to a new ... More

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3/19/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals.

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3/15/2019 | 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 dropped sharply from January to February 2019.

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3/15/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

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3/14/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Canadian home values fell last year for the first time in three decades amid falling prices in some of the country’s priciest markets, even as debt burdens ... More

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3/14/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water.

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3/13/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Canadian home prices fell in February for the fifth straight month as most major markets weakened, data showed on Wednesday.

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3/12/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate.

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3/10/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says.

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3/7/2019 | Posted in Toronto News by Forest Hill Real Estate Signature
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Toronto has broken into North America’s top-five cities for tech talent as the city undergoes an economic boom.

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3/6/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC).

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3/6/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More

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3/6/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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More Canadians are running into serious issues with their mortgage payments according to a new report.

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3/6/2019 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Home prices inched higher in Canada's largest real estate market last month even as sales activity cooled.

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3/5/2019 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB's MLS® System in ... More

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3/3/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data.

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Real Estate & Mortgage News

2/28/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ... More

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2/27/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Here's what it takes to buy an average-priced home in Canada's major cities — and how choosing a 30-year mortgage would change that.

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2/27/2019 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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BILD announced earlier this week that GTA new home sales volume increased by 14% annually in January, reaching 1,362 transactions.

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2/26/2019 | Posted in Canadian Housing Market Predictions by Forest Hill Real Estate Signature
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What the coming months hold for buyers, sellers, homeowners and investors.

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2/26/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Ten per cent of Canadians no longer qualify for a mortgage with banks.

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Real Estate & Mortgage News

2/25/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even ... More

Real Estate & Mortgage News

2/25/2019 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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High-capacity multi-family housing will soon become the primary budget choice in the Greater Toronto Area, especially in the western part of the region.

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Real Estate & Mortgage News

2/23/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Canada's once-roaring housing market has been tamed, according to the latest Reuters poll of analysts who predict house prices will rise nationally and in key urban hot ... More

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