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

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  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

  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

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  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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  9/6/2017 | 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

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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  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

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

  8/9/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Should Poloz and his policy team sit on their hands for now or entertain at least one more rate increase in the coming months?

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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

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

  6/28/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Canadian dollar rallied to a four-month high and investors ramped up bets for a rate increase as early as next month after Bank of Canada Governor Stephen Poloz reiterated ... More

Real Estate & Mortgage News

  6/19/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit ... More

Real Estate & Mortgage News

  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

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

  6/12/2017 | 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

Real Estate & Mortgage News

  6/12/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

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Real Estate & Mortgage News

  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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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

  5/25/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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Efforts to rein in Toronto's hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada's national real estate market as low ... More

Real Estate & Mortgage News

  5/24/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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.

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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

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News