4/3/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group.

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Real Estate & Mortgage News

  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

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  3/12/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate.

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  3/10/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says.

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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

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  2/28/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ... More

Real Estate & Mortgage News

  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

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  2/22/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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Stephen Poloz says the upward path for interest rates is 'uncertain'.

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  2/1/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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The Bank of Canada has admitted that the economic impact of strict mortgage regulations, local housing restrictions, and the upward trend in interest rates was more serious ... More

Real Estate & Mortgage News

  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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  1/22/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist.

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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 Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More

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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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  1/5/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again.

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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  12/17/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average.

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Real Estate & Mortgage News

  12/5/2018 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada is leaving its key interest rate unchanged.

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  12/4/2018 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock.

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Real Estate & Mortgage News

  11/7/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and ... More

Real Estate & Mortgage News

  10/31/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More

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

  10/2/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

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

  9/18/2018 | Posted in Financial Health by Forest Hill Real Estate Signature
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Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt.

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Real Estate & Mortgage News

  5/1/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points.

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Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009.

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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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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