9/15/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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But more challenging times could be on their way.

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Real Estate & Mortgage News

  8/30/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion.

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Real Estate & Mortgage News

  8/17/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Mortgage insurers are not signalling enthusiasm towards the extension of six-month payment deferrals, according to an analysis by The Financial Post.

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Real Estate & Mortgage News

  8/12/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

Real Estate & Mortgage News

  7/9/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank.

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Real Estate & Mortgage News

  7/6/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More

Real Estate & Mortgage News

  6/13/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level.

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Real Estate & Mortgage News

  5/30/2020 | Posted in Canadian Economy by Forest Hill Real Estate Signature
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The Canadian economy took a historic dive in March as the country imposed lockdown measures to curb the spread of COVID-19 – and worse results are expected for ... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

Real Estate & Mortgage News

  12/16/2019 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more.

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Real Estate & Mortgage News

  12/3/2019 | Posted in Canada Living by Forest Hill Real Estate Signature
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Contribution room accumulates beginning in the year in which a person turns 18

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Real Estate & Mortgage News

  10/30/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%.

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Real Estate & Mortgage News

  9/19/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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The average Canadian household was worth less in 2018 than in the previous year.

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Real Estate & Mortgage News