7/12/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

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.

... More

Real Estate & Mortgage News

  7/10/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

Canadian housing starts surged in June to one of the highest levels over the past decade, driven by new condominium developments in Toronto that reached a 30-year high for the ... More

Real Estate & Mortgage News

  7/8/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

Home Buyers in the priciest markets - Toronto and Vancouver - also face the highest land transfer tax rates.

... 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

  6/20/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

In its report on national home sales numbers as of May, CREA pointed at a 1.6% month-over-month increase in Toronto residential transactions – a development that analysts ... More

Real Estate & Mortgage News

  6/20/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

The acute volatility of the Canadian housing market may be nearing the end according to TD Economics.

... More

Real Estate & Mortgage News

  6/18/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

The new Canadian national existing home sales data published by CREA last week could have been worse according to TB Economics.

... More

Real Estate & Mortgage News

  6/15/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

National home sales via Canadian MLS® Systems remained little changed from April to May 2018, marking the lowest level for national sales activity in more than five ... 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

  5/17/2018 | Posted in Rental Market by Forest Hill Real Estate Signature
  SHARE

The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows.

... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
  SHARE

First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year ... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

The decline in national home sales reported Tuesday by CREA is “disappointing” says TD Economics.

... More

Real Estate & Mortgage News

  5/15/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell from March to April 2018.

... More

Real Estate & Mortgage News

  5/14/2018 | Posted in Luxury Real Estate by Forest Hill Real Estate Signature
  SHARE

Luxury home prices across Canada have remained “relatively resilient” this year so far despite lower sales in the Greater Toronto Area (GTA) and Greater Vancouver, ... More

Real Estate & Mortgage News

  5/14/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

After a flat March, the Teranet–National Bank National Composite House Price Index ™  rose 0.2% in April. In the 20-year history of the index, it was the ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More

Real Estate & Mortgage News

  5/8/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

The trend in housing starts was 225,696 units in April 2018, compared to 226,942 units in March 2018, according to Canada Mortgage and Housing Corporation (CMHC). This ... More

Real Estate & Mortgage News

  4/30/2018 | Posted in First Time Home Buyers by Forest Hill Real Estate Signature
  SHARE

The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More

Real Estate & Mortgage News

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

The risk of a housing market downturn over the next 12 months remains low – but the probability has slightly increased because of volatility introduced by the recently ... More

Real Estate & Mortgage News

  4/26/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

Canada's housing market overall remains highly vulnerable for the seventh consecutive quarter mainly due to evidence of overvaluation and price acceleration observed in ... 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

  4/15/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
  SHARE

A recent survey conducted found that a growing proportion of Canadian homebuyers reported feeling pinched by the stress tests which came into effect January 2018.

... More

Real Estate & Mortgage News

  4/12/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

The Teranet–National Bank National Composite House Price Index™  was unchanged in March – the first time outside a recession when the March composite ... More

Real Estate & Mortgage News

  4/10/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

The trend in housing starts was 226,842 units in March 2018, compared to 225,804 units in February 2018, according to Canada Mortgage and Housing Corporation (CMHC). This ... More

Real Estate & Mortgage News

  4/5/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
  SHARE

The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More

Real Estate & Mortgage News

  3/26/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

Multiple factors including new mortgage rules and increasing interest rates made themselves felt in the Canadian housing market in February as prices declined in 7 out of 11 ... More

Real Estate & Mortgage News

  3/25/2018 | Posted in Canadian Housing Market Predictions by Forest Hill Real Estate Signature
  SHARE

Canada's housing market is getting a big helping hand from house-hungry millennials, but that will come to an end in the next several years, bringing with it an era of ... More

Real Estate & Mortgage News

  3/19/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

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

Real Estate & Mortgage News

  3/15/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

Statistics released today by The Canadian Real Estate Association (CREA) show national home sales declined further in February 2018.

... More

Real Estate & Mortgage News

  3/14/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
  SHARE

The Royal Bank of Canada (RBC) expects economic growth to slow down this year amid looming interest rates hikes and lower consumer spending. Its latest economic outlook pegs ... More

Real Estate & Mortgage News