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

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  4/17/2018 | Posted in Financial Health by Forest Hill Real Estate Signature
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Upward trend in rates would negatively impact Canadians' ability to service their debts.

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Real Estate & Mortgage News

  3/23/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Mortgage Consumers Brace Yourselves - Chances of a hike in May rose to 82% after the data came out today.

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Real Estate & Mortgage News

  3/19/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to ... More

Real Estate & Mortgage News

  3/9/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The impact of the tightened mortgage rules introduced at the start of the year appears to be rising according to a recent report from RBC.

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Real Estate & Mortgage News

  3/7/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada maintained its target for the overnight rate at 1 1/4 per cent as expected. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 ... More

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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