8/22/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canadians have qualified for much larger mortgages over the past two decades due to record-low interest rates, and that has impacted affordability according to the Fraser ... 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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  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

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  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

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  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

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  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

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  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

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

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

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

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

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  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

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  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

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  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

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  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

  1/14/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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With the release of the Bank of Canada’s most recent Business Outlook Survey came insights into the central bank’s policy position – and, indeed, the future ... More

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  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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  11/25/2016 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Bank of Canada Governor Stephen Poloz is set to give a speech Monday which could give hints about whether an interest rate cut is coming on Dec. 7.

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  11/19/2016 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Shopping for a mortgage, these days, is a lot like shooting those tin ducks at the carnival. To get the best mortgage rate deal you need to hedge and shop ... More

Real Estate & Mortgage News

  11/1/2016 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Broker fears were confirmed Tuesday, with one big bank raising its prime rate less than a month following new mortgage rules.

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Real Estate & Mortgage News

  10/21/2016 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canada’s new mortgage rules risk pushing borrowers deep into the shadow lending market, with brokers set to line up secondary loans with private lenders as a means of ... More

Real Estate & Mortgage News

  10/19/2016 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada is downgrading the country's economic growth outlook yet again amid dampened expectations for exports and real estate activity.

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Real Estate & Mortgage News

  10/11/2016 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canadian banks and mortgage insurers are rallying against new government housing rules that they say will lead to higher mortgage rates, hurt small real estate markets and ... More

Real Estate & Mortgage News

  10/11/2016 | Posted in Mortgage News by Forest Hill Real Estate Signature
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The new mortgage rules being introduced by Ottawa next week are already having a “crippling” impact on non-bank mortgage lenders according to online broker Butler ... More

Real Estate & Mortgage News

  10/7/2016 | Posted in Mortgage News by Forest Hill Real Estate Signature
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The dynamism of the Canadian mortgage market itself might be at risk due to the tighter regulations announced by Finance Minister Bill Morneau earlier this week, an observer ... More

Real Estate & Mortgage News

  10/4/2016 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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The Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low ... More

Real Estate & Mortgage News