6/15/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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
  SHARE

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
  SHARE

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
  SHARE

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
  SHARE

The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

... More

Real Estate & Mortgage News

  6/8/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

Rates at alternative lenders have increased by as much as 150 basis points since the start of April

... More

Real Estate & Mortgage News

  5/30/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

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.

... More

Real Estate & Mortgage News

  5/25/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
  SHARE

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
  SHARE

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.

... More

Real Estate & Mortgage News

  5/18/2017 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
  SHARE

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
  SHARE

Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

... More

Real Estate & Mortgage News

  5/5/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

Mortgage borrowers should be prepared for a rise in interest rates which could mean a 2.5 per cent rise by 2021 says Desjardins.

... More

Real Estate & Mortgage News

  5/3/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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

  4/28/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.

... More

Real Estate & Mortgage News

  4/13/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
  SHARE

Almost 1 in 4 homebuyers is buying on their own, often due to unexpected life changes. A new survey from TD found that 69 per cent of divorced and 35 per cent of widowed ... More

Real Estate & Mortgage News

  4/12/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the ... More

Real Estate & Mortgage News

  4/4/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
  SHARE

Homebuyers can now view their potential broker’s regulatory record in a now online portal, which allows consumers to search broker and company names to view disciplinary ... More

Real Estate & Mortgage News

  3/20/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid ... More

Real Estate & Mortgage News

  3/17/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

The possible impacts of the U.S. Federal Reserve’s decision on March 15 (Wednesday) to raise its key interest rate from 0.75 per cent to 1 per cent should not be ... More

Real Estate & Mortgage News

  3/15/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
  SHARE

The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada said the amount of household ... More

Real Estate & Mortgage News

  3/15/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates ... More

Real Estate & Mortgage News

  3/14/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in ... More

Real Estate & Mortgage News

  3/8/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

The Canada Mortgage and Housing Corp. has announced that it will be implementing a hike on the premiums on its insured loans, with the increases calculated based on down ... More

Real Estate & Mortgage News

  3/1/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

Canada's financial industry is urging Ottawa to consider alternatives to proposals that could require them to take on a greater share of mortgage defaults — calling ... More

Real Estate & Mortgage News

  3/1/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it's keeping a watchful eye on "significant uncertainties'' that it warns ... More

Real Estate & Mortgage News

  2/24/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

In the wake of its report on the unsustainability of the Canadian housing market, Fitch Ratings predicted that mortgage rates will remain at record-low levels for the first six ... More

Real Estate & Mortgage News

  2/21/2017 | Posted in Mortgage Tips by Forest Hill Real Estate Signature
  SHARE

You shopped around for the best deal on your mortgage and weighed the pros and cons of going with a fixed-rate or a variable-rate loan, but another key factor to consider is ... More

Real Estate & Mortgage News

  2/17/2017 | Posted in Mortgage News by Forest Hill Real Estate Signature
  SHARE

The Canadian lending market will enter a period of relative cooling in the next few years as far-reaching changes to mortgage rules finally begin to make themselves felt, ... More

Real Estate & Mortgage News

  2/10/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

The gap between the number of borrowers going for fixed and variable rates has become larger recently, pointing to the increasingly important role that variable-rate mortgages ... More

Real Estate & Mortgage News

  1/27/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
  SHARE

The type of person you are will inform the math that goes into your decision.

... More

Real Estate & Mortgage News