8/15/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC.

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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

  8/16/2017 | 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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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

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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Real Estate & Mortgage News

  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

  6/15/2017 | 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

  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

  5/5/2017 | 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

  4/28/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.

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Real Estate & Mortgage News

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

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

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

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

  1/18/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent and providing a deeper assessment of the risks associated with the big economic unknowns of a Trump ... More

Real Estate & Mortgage News

  1/18/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada's subprime mortgage providers are increasingly teaming up with unregulated rivals to sidestep rules designed to clamp down on risky lending.

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Real Estate & Mortgage News

  12/16/2016 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Any move by the U.S. Federal Reserve will have a noticeable impact on the Canadian financial system - and this is especially true for any fluctuation in the Fed’s ... More

Real Estate & Mortgage News

  12/12/2016 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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There are few certainties in life, but if the economists and experts who monitor the U.S. central bank are to believed, one of them is that the Federal Reserve is going to ... More

Real Estate & Mortgage News

  12/7/2016 | Posted in Mortgage News by Forest Hill Real Estate Signature
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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations.

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Real Estate & Mortgage News