7/12/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike.

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  7/12/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well.

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  7/11/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

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  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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  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

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  6/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Canada's financial system is resilient, according to the Bank of Canada, but high household debt and imbalances in the housing market remain the biggest ... More

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  5/2/2018 | Posted in Financial Health by Forest Hill Real Estate Signature
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Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed.

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  4/27/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Canadian households, the main driver of the country’s economy for the past decade, are showing signs of spending fatigue.

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  4/24/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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The tightened mortgage underwriting rules which came into effect at the start of the year have contributed to a slower start for the Canadian economy.

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  4/18/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth.

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  4/17/2018 | Posted in Financial Health by Forest Hill Real Estate Signature
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Upward trend in rates would negatively impact Canadians' ability to service their debts.

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  3/12/2018 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at ... More

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  3/5/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s economy decelerated more than expected in the second half of last year, amid signs indebted households have begun slowing down spending.

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  1/15/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More

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  1/10/2018 | Posted in Financial Health by Forest Hill Real Estate Signature
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The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More

Real Estate & Mortgage News

  10/24/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ... More

Real Estate & Mortgage News

  9/24/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.

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  9/22/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication.

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  9/19/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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In its latest data release, Statistics Canada announced that the amount Canadians owed compared with their disposable income climbed higher in the second quarter.

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  9/12/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate.

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  9/6/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans.

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Real Estate & Mortgage News

  9/1/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.

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  8/23/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Unprecedented household debt levels will give Canadians a rude awakening on their unpaid credit card bills if another economic downturn materializes in the coming years, ... More

Real Estate & Mortgage News

  7/19/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says.

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  6/23/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadian household debt is rising and is set to keep rising despite expected increases in interest rates; and that worries the Parliamentary Budget Officer.

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Real Estate & Mortgage News

  6/9/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk ... More

Real Estate & Mortgage News

  5/18/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

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Real Estate & Mortgage News

  5/11/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Moody’s has downgraded its ratings for six Canadian banks due to their exposure to risk from high house prices and household debt.

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Real Estate & Mortgage News

  3/15/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada said the amount of household ... More

Real Estate & Mortgage News

  1/27/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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The type of person you are will inform the math that goes into your decision.

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