7/9/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank.

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Real Estate & Mortgage News

  7/6/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More

Real Estate & Mortgage News

  6/13/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level.

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Real Estate & Mortgage News

  5/20/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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Although COVID-19 has slowed down the rate of insolvency filings nationwide, the year-to-date total is still the highest in a decade, according to the Office of the ... More

Real Estate & Mortgage News

  5/18/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the ... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

Real Estate & Mortgage News

  3/27/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.

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Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

Real Estate & Mortgage News

  3/13/2020 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

Real Estate & Mortgage News

  2/27/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Real Estate & Mortgage News

  1/2/2020 | Posted in Canada Living by Forest Hill Real Estate Signature
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Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020.

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Real Estate & Mortgage News

  12/16/2019 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more.

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Real Estate & Mortgage News

  9/19/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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The average Canadian household was worth less in 2018 than in the previous year.

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Real Estate & Mortgage News

  9/14/2019 | Posted in Financial Health by Forest Hill Real Estate Signature
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Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row.

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Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says.

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Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

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Real Estate & Mortgage News

  6/6/2019 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks.

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Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada today maintained its target for the overnight rate.

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Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts.

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Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.

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Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Forest Hill Real Estate Signature
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well.

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Real Estate & Mortgage News

  5/14/2019 | Posted in Financial Health by Forest Hill Real Estate Signature
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Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Real Estate & Mortgage News

  5/11/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership ... More

Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Real Estate & Mortgage News

  5/1/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The latest reading of Canada’s economy brings both good and bad news for the housing market.

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Real Estate & Mortgage News

  4/29/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Canadians now owe an average of $1.79 for every dollar of disposable income.

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Real Estate & Mortgage News

  4/24/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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Bank of Canada keeps rates steady, cuts language about future hikes.

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Real Estate & Mortgage News

  4/22/2019 | Posted in Financial Health by Forest Hill Real Estate Signature
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Sign of deteriorating financial stability for many people in the country.

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Real Estate & Mortgage News