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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  8/22/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Finance Minister Bill Morneau says last October’s sweeping mortgage rule changes aimed at cooling Canada’s housing market have successfully dampened high-risk ... More

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  8/20/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Mortgage rates are going up, according to a panel of experts. ... More

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  8/18/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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A prolonged regime of low-interest rates along with a steady trend of rising incomes have more than doubled the amount that Canadians are able ... More

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  8/16/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.

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  8/14/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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New mortgages continue to grow in Canada, according to a new report. There were just over 1 million new mortgage loans funded in Canada last year — up 1.4% ... More

Real Estate & Mortgage News

  8/9/2017 | Posted in Mortgage News by Forest Hill Real Estate Signature
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The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ... More

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  7/31/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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If the federal government forces mortgage lenders to carry more of the risk for delinquencies it could have a negative impact on the housing market and lead to an increase in ... More

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  7/31/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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A home is the largest purchase most people will make in their lives. That should reinforce the importance of planning ahead, doing your ... More

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  7/28/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Canada’s economy accelerated far more than expected in May amid growth in the energy and manufacturing sectors, pointing to solid momentum in the second quarter ... More

Real Estate & Mortgage News

  7/24/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Many of the world's central bankers, including in Canada, had been stubbornly tied to low-for-longer interest-rate regimes following the recession. That time has ... More

Real Estate & Mortgage News

  7/12/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Three of Canada's biggest banks are boosting their prime lending rates by 25 basis points, following an interest rate hike from the central bank.

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  7/12/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Central Bank raised its new target for the overnight rate to ¾% today, citing a confident financial outlook and above-potential ... More

Real Estate & Mortgage News

  7/12/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The stress tests on mortgages, introduced last fall by the federal government, is pushing some homebuyers into uninsured lending options.

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  7/7/2017 | Posted in Mortgage News by Forest Hill Real Estate Signature
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New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More

Real Estate & Mortgage News

  6/30/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Canada’s economy grew for a sixth consecutive month with gains in a majority of industries, underlining the central bank’s view a durable recovery from an oil shock ... More

Real Estate & Mortgage News

  6/22/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates ... More

Real Estate & Mortgage News

  6/15/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ... More

Real Estate & Mortgage News

  6/15/2017 | Posted in Mortgage News by Forest Hill Real Estate Signature
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Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ... More

Real Estate & Mortgage News

  6/14/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More

Real Estate & Mortgage News

  6/12/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ... More

Real Estate & Mortgage News

  6/12/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

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Real Estate & Mortgage News

  6/8/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Rates at alternative lenders have increased by as much as 150 basis points since the start of April

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Real Estate & Mortgage News

  5/30/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada's housing agency saw a sharp decline in the number of home buyers who qualified for mortgage insurance under tougher rules implemented last fall.

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Real Estate & Mortgage News

  5/25/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
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Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ... More

Real Estate & Mortgage News

  5/24/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

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  5/18/2017 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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For the last three years, analysts have been predicting a Canadian housing crash and ensuing recession, yet the economy continues to chug along and house prices are still ... 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

  5/5/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Mortgage borrowers should be prepared for a rise in interest rates which could mean a 2.5 per cent rise by 2021 says Desjardins.

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Real Estate & Mortgage News

  5/3/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The current troubles of Home Capital Group might lead to higher mortgage rates for less credit-worthy borrowers if concerns about the sector trigger an increase in funding ... More

Real Estate & Mortgage News