7/13/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report.

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  7/9/2020 | Posted in Canadian Housing Market Predictions by Forest Hill Real Estate Signature
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Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed.

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  6/30/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available ... More

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  6/23/2020 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.

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  6/12/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1.

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  6/4/2020 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Canada’s housing agency is tightening rules to make it more difficult for higher-risk borrowers to qualify for mortgage insurance.

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  5/24/2020 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report.

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  5/16/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.

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  3/31/2020 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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  3/18/2020 | Posted in Mortgage News by Forest Hill Real Estate Signature
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers.

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Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for ... More

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  2/10/2020 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford.

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  1/3/2020 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.

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Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.

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  11/25/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey.

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  9/19/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

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Real Estate & Mortgage News

  9/6/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

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Real Estate & Mortgage News

  8/10/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes.

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  7/28/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.

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  7/21/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.

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  7/18/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.

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Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More

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  7/3/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics.

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Real Estate & Mortgage News

  6/17/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities.

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  6/13/2019 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.

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Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices.

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  6/7/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for ... More

Real Estate & Mortgage News

  6/6/2019 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Due to strong economic fundamentals Toronto’s housing market remains expensive. That’s one reason why this year’s list is dominated by neighbourhoods ... More

Real Estate & Mortgage News

  5/22/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More

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