12/14/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More

Real Estate & Mortgage News

  12/10/2018 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Relatively tight market conditions in the GTA over the past few months have provided the foundation for renewed price growth, while data suggests that, in ... More

Real Estate & Mortgage News

  12/7/2018 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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Stricter mortgage qualification rules pushed buyers to the sidelines, as year-over-year double-digit sales decreases became the norm.

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Real Estate & Mortgage News

  11/30/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers.

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Real Estate & Mortgage News

  11/30/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council.

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Real Estate & Mortgage News

  11/28/2018 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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October brought some positives for the new homes market in the Greater Toronto Area with sales and openings gaining.

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Real Estate & Mortgage News

  11/6/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... 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

  10/24/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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CIBC, TD, Royal Bank and BMO all hike their prime rates too

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Real Estate & Mortgage News

  10/12/2018 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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The Ontario Real Estate Association is making more than three dozen recommendations to the provincial government on how it should update the rules governing realtors, including ... More

Real Estate & Mortgage News

  10/5/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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A rise in interest rates (and more to come) is putting the squeeze on housing affordability.

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Real Estate & Mortgage News

  10/4/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1.

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Real Estate & Mortgage News

  9/24/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The world's biggest central bank is expected to raise rates this week - and then keep raising them

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Real Estate & Mortgage News

  9/20/2018 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Toronto Home Buyers - Are You Waiting For A House Price Crash? You’ll Be ‘Disappointed,' RBC Says

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Real Estate & Mortgage News

  9/20/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More

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

  8/15/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC.

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Real Estate & Mortgage News

  7/30/2018 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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The GTA new homes market is still all about condos even as prices rise while single-family home prices ease.

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Real Estate & Mortgage News

  7/20/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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With detached family homes few and far between in Canada's major housing markets, these trends may leave new homebuyers in a lurch.

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Real Estate & Mortgage News

  7/19/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage

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Real Estate & Mortgage News

  7/9/2018 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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A new study found that per TREB numbers, 27 out of 33 markets in the GTA require a household income of at least $100,000 to afford the average home.

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Real Estate & Mortgage News

  7/8/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Home Buyers in the priciest markets - Toronto and Vancouver - also face the highest land transfer tax rates.

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Real Estate & Mortgage News

  7/5/2018 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Home sales in the Greater Toronto Area rose 2.4 per cent in June compared to the same month a year ago, and were 17.6 per cent higher compared to May, according to the latest ... More

Real Estate & Mortgage News

  7/5/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Toronto real estate may not be what it was one year ago, but it’s still a battle for home buyers.

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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

  6/26/2018 | Posted in GTA News by Forest Hill Real Estate Signature
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A recent analysis showed the waning popularity of traditional mortgages among would-be home buyers in the Greater Toronto Area, with originations of traditional lenders (such ... More

Real Estate & Mortgage News

  6/25/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Economists still expect BoC rate rise but the numbers need to stack up.

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Real Estate & Mortgage News

  6/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

Real Estate & Mortgage News