2/6/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility ... More
1/25/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' ... More
1/16/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
SHARE
What the Bank of Canada's decision to hold its key rate means for borrowers and savers.
... More
12/17/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
SHARE
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.
... More
12/14/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
SHARE
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
SHARE
New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender
... More
12/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
SHARE
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.
... More
12/6/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
SHARE
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.
... More
11/30/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
SHARE
CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers.
... More
11/30/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
SHARE
The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council.
... More
11/25/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt.
... More
11/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
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.
... More
11/6/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
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
SHARE
Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history.
... More
11/2/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
SHARE
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.
... More
10/30/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
SHARE
Consumer spending is expected to slow as Canadians spend more on the interest on their debt.
... More
10/5/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
SHARE
Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC.
... More
10/4/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
SHARE
CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1.
... More
9/20/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
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
SHARE
Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact.
... More
8/15/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC.
... More
7/16/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
Canadians divided, even as interest rates appear set to rise according to a recent CIBC poll.
... More
7/12/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
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.
... More
7/11/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
SHARE
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
SHARE
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
SHARE
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
SHARE
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
SHARE
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
SHARE
Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected.
... More