12/14/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More
12/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender
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12/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada.
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12/6/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed.
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11/30/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers.
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11/30/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council.
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11/25/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt.
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11/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The bank says stress tests and higher interest rates have reduced the share of new high-leverage, insured loans to six per cent from 20 per cent in late 2016.
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11/6/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More
11/5/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history.
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11/2/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017.
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10/30/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Consumer spending is expected to slow as Canadians spend more on the interest on their debt.
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10/5/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC.
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10/4/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1.
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9/20/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More
9/13/2018 | Posted in Real Estate News by Forest Hill Real Estate Signature
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Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact.
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8/15/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC.
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7/16/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canadians divided, even as interest rates appear set to rise according to a recent CIBC poll.
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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
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
5/30/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada kept its key interest rate target on hold Wednesday but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than ... More
5/28/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving ... More
5/16/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year ... More
5/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected.
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5/9/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More
4/27/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages.
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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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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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