1/25/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver ... More

Real Estate & Mortgage News

  1/19/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders.

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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  1/8/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Expectations of a tightening labour market in 2018 is helping fuel speculation that the Bank of Canada will raise its ... More

Real Estate & Mortgage News

  1/4/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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By all indications, 2017 has proven to be a tumultuous period in the mortgage and real estate spheres, but a markets observer argued that this year will offer a measure of ... More

Real Estate & Mortgage News

  12/25/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception.

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  12/8/2017 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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With reduced buying power, house hunters will scoop these properties up

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Real Estate & Mortgage News

  12/6/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Consumers looking to consolidate debt currently have more buying power than they will next month, therefore rushing to refinance their mortgages before the new mortgage ... More

Real Estate & Mortgage News

  12/6/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada stuck with its trend-setting interest rate, but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way.

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Real Estate & Mortgage News

  12/4/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada has released its latest assessment of the financial system and has once again highlighted risk from mortgages.

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Real Estate & Mortgage News

  11/24/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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More than half of Canadians say they have good knowledge of debt management, yet many Canadians who hold a mortgage don’t believe they’re in debt at all.

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Real Estate & Mortgage News

  11/16/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s housing agency is seeking more data on home loans from shadow lenders, amid concern rising levels of debt aren’t being adequately tracked and may increase ... More

Real Estate & Mortgage News

  10/25/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual ... More

Real Estate & Mortgage News

  10/18/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. 

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Real Estate & Mortgage News

  10/11/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.

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Real Estate & Mortgage News

  10/10/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Amid steadily rising mortgage costs, prospective home buyers should brace themselves for a less friendly purchasing environment in a few months’ time, although current ... More

Real Estate & Mortgage News

  10/2/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation.

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Real Estate & Mortgage News

  9/29/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More

Real Estate & Mortgage News

  9/28/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Bank of Canada Governor Stephen Poloz could pause monetary tightening this year over concerns about the impact of higher interest rates for consumers holding record debts, ... 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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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  9/19/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Last year’s mortgage rule changes placed roadblocks in front of millions of would-be buyers, but increased rates and future regulatory action may prove even more ... More

Real Estate & Mortgage News

  9/12/2017 | Posted in Mortgage News by Forest Hill Real Estate Signature
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The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  9/7/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Canada’s big banks were quick to announce increases to their prime lending rates to 3.2% Wednesday.

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Real Estate & Mortgage News

  9/6/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada forged ahead with another interest rate hike in a nod to the country’s surging economy, while signaling its appetite for further tightening may be ... More

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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Real Estate & Mortgage News

  8/30/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The market for insured mortgages has decreased due to new regulations introduced at the end of 2016.

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Real Estate & Mortgage News

  8/25/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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“Hey Siri, what’s the best mortgage rate?”

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Real Estate & Mortgage News

  8/22/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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A new report reveals Canadian sentiment about homebuying in Canada – including just how impactful the stress test might be.

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Real Estate & Mortgage News