Real Estate News, Articles & Corporate Announcements

6/19/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit ... More

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6/15/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ... More

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6/15/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a sizeable decline in May 2017.

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6/15/2017 | Posted in Real Estate News by Forest Hill Real Estate Signature
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The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ... More

Real Estate & Mortgage News

6/15/2017 | Posted in Mortgage News by Forest Hill Real Estate Signature
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Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ... More

Real Estate & Mortgage News

6/14/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More

Real Estate & Mortgage News

6/14/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The chief economist of the Canadian Real Estate Association says homeowners in the Greater Toronto Area should brace themselves for a possible tax on speculative home ... More

Real Estate & Mortgage News

6/14/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the ... More

Real Estate & Mortgage News

6/13/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Millenials are confident in their financial future and in the housing market, according to a new study.

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6/12/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ... More

Real Estate & Mortgage News

6/12/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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The Bank of Montreal's CEO is downplaying the consequences that would come from a possible correction in house prices, saying the real estate market "essentially heals ... More

Real Estate & Mortgage News

6/12/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

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Real Estate & Mortgage News

6/9/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk ... More

Real Estate & Mortgage News

6/9/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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Canadian housing starts fell 8.6 per cent in May from April, a decline fuelled by a massive pullback in new home construction since Ontario moved to cool the housing market in ... More

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6/8/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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One of Canada’s largest banks reacts positively to Toronto’s cooling market.

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Real Estate & Mortgage News

6/8/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Rates at alternative lenders have increased by as much as 150 basis points since the start of April

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Real Estate & Mortgage News

6/8/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Why sales and prices seem likely to continue to fall for at least the next two or three months.

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Real Estate & Mortgage News

6/8/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Home sales dropped in May 2017 compared to last year, but experts say the trend is likely temporary.

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Real Estate & Mortgage News

6/7/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Is that for real? Toronto may soon become a buyer's market, according to RBC.

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6/7/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Even after getting family help to make a down payment on a home, first-time buyers still worry about their financial situation, according to a new survey from ... More

Real Estate & Mortgage News

6/6/2017 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Sales of existing homes across the Greater Toronto Area dropped a whopping 20.3 per cent in May from a year ago, while the average home price in the region fell about six per ... More

Real Estate & Mortgage News

6/5/2017 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 ... More

Real Estate & Mortgage News

6/5/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Toronto’s overheated housing market has cooled rapidly since the Ontario government announced a suite of new housing measures in April, with average prices dropping 6 per ... More

Real Estate & Mortgage News

6/4/2017 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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In the inaugural issue of Canadian Property Investor, the publication identified the Top 50 Places to Invest in Canada. Now it's time to dig a little deeper -- to ... More

Real Estate & Mortgage News

6/3/2017 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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The only thing increasing faster than GTA home prices is the complexity of the market. Lesser-known but very important changes are already underway that will significantly ... More

Real Estate & Mortgage News

5/30/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada's housing agency saw a sharp decline in the number of home buyers who qualified for mortgage insurance under tougher rules implemented last fall.

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Real Estate & Mortgage News

5/30/2017 | Posted in Home Maintenance by Forest Hill Real Estate Signature
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With average household debt and housing prices at record highs across Canada, a new poll by CIBC finds that a growing number of Canadian homeowners (48 per cent) are choosing ... More

Real Estate & Mortgage News

5/30/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Costly repairs could be awaiting homebuyers as a new survey shows that owners may be missing some important factors when renovating or carrying out maintenance.

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Real Estate & Mortgage News

5/29/2017 | Posted in Ontario News by Forest Hill Real Estate Signature
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Canada's big banks are forecasting that Ontario will lead the country in economic growth this year or be within a hair of the top of the pack. Unemployment ... More

Real Estate & Mortgage News

5/25/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ... More

Real Estate & Mortgage News