5/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected.

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  4/27/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009.

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  4/15/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada is likely to raise interest rates twice more this year as the economy regains momentum in the current quarter but will hold them steady at its April 18 ... More

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  3/19/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to ... More

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  3/9/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The impact of the tightened mortgage rules introduced at the start of the year appears to be rising according to a recent report from RBC.

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  3/5/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s economy decelerated more than expected in the second half of last year, amid signs indebted households have begun slowing down spending.

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  1/25/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver ... More

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  1/19/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders.

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  1/8/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Expectations of a tightening labour market in 2018 is helping fuel speculation that the Bank of Canada will raise its ... More

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  1/4/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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By all indications, 2017 has proven to be a tumultuous period in the mortgage and real estate spheres, but a markets observer argued that this year will offer a measure of ... More

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  12/28/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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A close look at numbers from the Canadian Real Estate Association bodes well for the housing year ahead

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  12/25/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception.

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  12/22/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canadian home prices are expected to cool significantly next year as tighter mortgage rules come into effect and as further expected interest rate hikes are likely to dampen a ... More

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  12/6/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Consumers looking to consolidate debt currently have more buying power than they will next month, therefore rushing to refinance their mortgages before the new mortgage ... More

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  12/4/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada has released its latest assessment of the financial system and has once again highlighted risk from mortgages.

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  11/24/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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More than half of Canadians say they have good knowledge of debt management, yet many Canadians who hold a mortgage don’t believe they’re in debt at all.

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  11/19/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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It will be more difficult to qualify for a mortgage in 2018, with experts saying it will slow the growth of housing in Canada.

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  11/16/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s housing agency is seeking more data on home loans from shadow lenders, amid concern rising levels of debt aren’t being adequately tracked and may increase ... More

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  11/14/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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With the expectation that first-time homebuyers will be shuttered out of the housing market, thereby reducing the number of people to whom seniors can sell their homes, reverse ... More

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  10/18/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. 

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  10/11/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.

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  10/2/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation.

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  9/29/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More

Real Estate & Mortgage News

  9/19/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Last year’s mortgage rule changes placed roadblocks in front of millions of would-be buyers, but increased rates and future regulatory action may prove even more ... More

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  8/30/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The market for insured mortgages has decreased due to new regulations introduced at the end of 2016.

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  8/25/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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“Hey Siri, what’s the best mortgage rate?”

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  8/22/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Finance Minister Bill Morneau says last October’s sweeping mortgage rule changes aimed at cooling Canada’s housing market have successfully dampened high-risk ... More

Real Estate & Mortgage News

  8/22/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canadians have qualified for much larger mortgages over the past two decades due to record-low interest rates, and that has impacted affordability according to the Fraser ... More

Real Estate & Mortgage News

  8/14/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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New mortgages continue to grow in Canada, according to a new report. There were just over 1 million new mortgage loans funded in Canada last year — up 1.4% ... More

Real Estate & Mortgage News

  7/31/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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If the federal government forces mortgage lenders to carry more of the risk for delinquencies it could have a negative impact on the housing market and lead to an increase in ... More

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