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

  6/30/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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New study reveals Canadians born outside the country view home ownership as a major milestone.

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Real Estate & Mortgage News

  6/27/2017 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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More first-home buyers in Ontario appear to be delaying their purchases in the wake of the province’s new policies intended to cool the red-hot housing market. At the ... More

Real Estate & Mortgage News

  6/7/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Even after getting family help to make a down payment on a home, first-time buyers still worry about their financial situation, according to a new survey from ... More

Real Estate & Mortgage News

  5/30/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Costly repairs could be awaiting homebuyers as a new survey shows that owners may be missing some important factors when renovating or carrying out maintenance.

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Real Estate & Mortgage News

  4/28/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.

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Real Estate & Mortgage News

  4/24/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Many millennials face the understandable apprehension that they may never be able to afford a home in a market that’s continually surging to new heights.

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  4/12/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether?

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Real Estate & Mortgage News

  3/20/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid ... More

Real Estate & Mortgage News

  3/17/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The possible impacts of the U.S. Federal Reserve’s decision on March 15 (Wednesday) to raise its key interest rate from 0.75 per cent to 1 per cent should not be ... More

Real Estate & Mortgage News

  3/3/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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While slightly more than a third of Canadian millennials now own a home, nearly two-fifths of them had help from parents to get into the housing market, says a new global study ... More

Real Estate & Mortgage News

  1/27/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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The City of Toronto is not increasing the Land Transfer Tax for first-time buyers which could have added as much as $4,475 to the cost of buying a home.

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Real Estate & Mortgage News

  1/20/2017 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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One of the big surprises of the resale market in 2016 in the Greater Toronto Area was the strength of the condo segment. The shortage of listings in the single-family home ... More

Real Estate & Mortgage News

  1/17/2017 | Posted in Rental Market by Forest Hill Real Estate Signature
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Those hoping to become first-time buyers in the Greater Toronto Area are under increasing pressure as soaring rents make saving for a downpayment tougher.

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Real Estate & Mortgage News

  1/9/2017 | Posted in First Time Home Buyers by Forest Hill Real Estate Signature
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The tightened mortgage rules introduced by the federal government last year are having a negative effect on the homebuying plans of first-time buyers.

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Real Estate & Mortgage News

  12/7/2016 | Posted in Mortgage News by Forest Hill Real Estate Signature
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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations.

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Real Estate & Mortgage News

  12/2/2016 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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First-time home buyers will pay more tax on an average priced Toronto home if City Council approves changes to the Toronto Land Transfer Tax (LTT). The City of Toronto's ... More

Real Estate & Mortgage News

  11/28/2016 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Proposed changes to the Land Transfer Tax in Toronto have been criticized by the Toronto Real Estate Board for their impact on first-time buyers.

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Real Estate & Mortgage News

  11/26/2016 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The head of Canada Mortgage and Housing Corp. has opened the door to the possibility of increasing the minimum down payment needed to buy a house, though a change is not ... More

Real Estate & Mortgage News

  11/23/2016 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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Over the past year, the average price of homes in Ontario has swelled by more than $88,000, translating to a growth rate of around $2,000 every 8 or 9 days.

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Real Estate & Mortgage News

  11/14/2016 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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Ontario is doubling the rebate on the land-transfer tax for first-time homebuyers to $4,000, but is increasing the same tax on homes that sell for over $2 million.

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Real Estate & Mortgage News

  11/14/2016 | Posted in Mortgage News by Forest Hill Real Estate Signature
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Homeowners could be facing mortgage insurance price increases next year according to the boss of Canada’s largest private mortgage insurer.

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Real Estate & Mortgage News

  11/9/2016 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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While 75 per cent of millennials intend to purchase real estate in the GTA, not enough lowrise homes are being built.

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Real Estate & Mortgage News

  11/1/2016 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Broker fears were confirmed Tuesday, with one big bank raising its prime rate less than a month following new mortgage rules.

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Real Estate & Mortgage News