10/1/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Conservative Party of Canada plans to make the mortgage stress test a hot button issue in time for next year’s election, but explaining such a convoluted issue to ... More

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  9/20/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More

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  8/20/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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With an economy beating expectations and a range of indicators pointing to limited excess capacity, maintaining stable inflation is likely to require further rate hikes by the ... More

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  8/15/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC.

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  7/18/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost.

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  7/16/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canadians divided, even as interest rates appear set to rise according to a recent CIBC poll.

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  7/12/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well.

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  7/11/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

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  6/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

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  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

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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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