1/2/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

As we head towards 2019 with a weakened Toronto housing market and a Vancouver market in free fall, many sense this may be the year the house prices will go ... More

Real Estate & Mortgage News

  12/19/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates.

... More

Real Estate & Mortgage News

  12/18/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

The slowdown in Canada’s housing market is likely to weigh on the economy according to a new report from CIBC Economics.

... More

Real Estate & Mortgage News

  12/17/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average.

... More

Real Estate & Mortgage News

  12/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada.

... More

Real Estate & Mortgage News

  11/2/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017.

... More

Real Estate & Mortgage News

  10/22/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

By 2023, the number of millionaires in Canada is expected to rise 54% to nearly 2 million people

... More

Real Estate & Mortgage News

  10/2/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

Canada’s economy faces a major risk through the next three years from how debt-laden consumers cope with higher interest rates, according to economists from three of the ... More

Real Estate & Mortgage News

  9/6/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

Moody's revises its outlook for the Canadian banking system to stable from negative, as the ratings company now sees the Canadian government less likely ... More

Real Estate & Mortgage News

  8/21/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances.

... More

Real Estate & Mortgage News

  7/12/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike.

... More

Real Estate & Mortgage News

  6/27/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

Analysts are optimistic that the Canadian economy will bounce back soon, bringing with it increased consumer spending.

... More

Real Estate & Mortgage News

  6/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

Canada's financial system is resilient, according to the Bank of Canada, but high household debt and imbalances in the housing market remain the biggest ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

Canadian households, the main driver of the country’s economy for the past decade, are showing signs of spending fatigue.

... More

Real Estate & Mortgage News

  4/24/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

The tightened mortgage underwriting rules which came into effect at the start of the year have contributed to a slower start for the Canadian economy.

... More

Real Estate & Mortgage News

  3/23/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
  SHARE

Mortgage Consumers Brace Yourselves - Chances of a hike in May rose to 82% after the data came out today.

... More

Real Estate & Mortgage News