12/11/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday.
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11/30/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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The debt carried by Canadian households has hit the $2 trillion mark for the first time, driven up by rapidly rising mortgage balances, credit rating agency Equifax said in a ... More

11/18/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded.
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11/3/2020 | Posted in Canada Living by Forest Hill Real Estate Signature
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Canadian consumers are running out of cash, according to TransUnion.
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10/28/2020 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada held the rate steady at 0.25 per cent and said the country’s economy won’t fully absorb slack in the economy before 2023, suggesting it will ... More

10/23/2020 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Slower borrowing might lead to less consumer spending that could further delay Canada's economic recovery
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9/15/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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But more challenging times could be on their way.
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8/30/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion.
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8/12/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

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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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

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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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

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

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

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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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

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

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

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

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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