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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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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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
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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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
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
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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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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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
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
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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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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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
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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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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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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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
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
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
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
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
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
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
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
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
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
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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