4/4/2019 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage ... More

Real Estate & Mortgage News

  3/22/2019 | Posted in First Time Home Buyers by Forest Hill Real Estate Signature
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The First-Time Home Buyer Incentive actually reduces affordability.

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  3/19/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals.

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Real Estate & Mortgage News

  2/26/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Ten per cent of Canadians no longer qualify for a mortgage with banks.

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Real Estate & Mortgage News

  2/22/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head.

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Real Estate & Mortgage News

  2/7/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit ... More

Real Estate & Mortgage News

  11/5/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history.

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Real Estate & Mortgage News

  9/13/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Rising rents is making homeownership the affordable alternative according to a new report.

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Real Estate & Mortgage News

  9/4/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Here are some interesting data about Gen Zers and their homeownership plans and goals.

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Real Estate & Mortgage News

  7/4/2018 | Posted in Foreign Buyers by Forest Hill Real Estate Signature
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Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC.

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Real Estate & Mortgage News

  7/4/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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There appears to be little relief in sight for Canadian homebuyers, especially first-time buyers, as affordability is likely to worsen.

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Real Estate & Mortgage News

  6/12/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Private lenders have doubled their share of Canadian mortgages since 2015.

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Real Estate & Mortgage News

  5/22/2018 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Research from the C.D. Howe Institute released Tuesday revealed zoning regulations, development charges and housing limits in and around southern Ontario's Greenbelt have ... More

Real Estate & Mortgage News

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

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

  5/1/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points.

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Real Estate & Mortgage News

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

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

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Real Estate & Mortgage News

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

  2/2/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The recent increases in interest rates appear not to have dampened the intentions of most Canadian home buyers.

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Real Estate & Mortgage News

  1/22/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure and the impact could be exacerbated if an expected interest rate ... More

Real Estate & Mortgage News

  12/8/2017 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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With reduced buying power, house hunters will scoop these properties up

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Real Estate & Mortgage News

  11/11/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Did you know that it’s actually less expensive to buy a home compared to a condo.

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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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Real Estate & Mortgage News

  10/10/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Amid steadily rising mortgage costs, prospective home buyers should brace themselves for a less friendly purchasing environment in a few months’ time, although current ... More

Real Estate & Mortgage News

  10/2/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can ... More

Real Estate & Mortgage News

  9/29/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Sixty percent of Canadian homebuyers would exceed their budget to buy a home with more than half willing to smash it by $50K!

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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

Real Estate & Mortgage News

  8/27/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Buying from plans requires careful attention and some people find it hard to visualize a room’s size strictly from written measurements, so bring a tape measure.

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Real Estate & Mortgage News