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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12/31/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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TD economists says the cost of servicing debts should ease early in 2020
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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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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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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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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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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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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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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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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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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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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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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
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
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
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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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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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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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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4/2/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Poloz's optimism Monday about the future could ease speculation the central bank could lower rates.
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3/15/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More
3/14/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water.
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3/6/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More
3/6/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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More Canadians are running into serious issues with their mortgage payments according to a new report.
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2/25/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even ... More
2/20/2019 | Posted in Ontario News by Forest Hill Real Estate Signature
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A recent report reveals desperate measures of indebted consumers in Ontario.
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1/22/2019 | Posted in Financial Health by Forest Hill Real Estate Signature
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency.
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1/16/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers.
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1/9/2019 | Posted in Financial Health by Forest Hill Real Estate Signature
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.
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12/19/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates.
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