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

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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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  6/12/2017 | 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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  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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  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

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  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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  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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  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

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  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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  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 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

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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

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

  1/3/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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Canadians coast-to-coast love to talk about the cost of homes, and 2016 was a hot year for the housing market in many cities. Here’s what is likely to happen to the ... More

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

  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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Real Estate & Mortgage News

  11/24/2016 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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A lot can change in six months. Check out the five recent developments that have altered our understanding of the Canadian real estate market.

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Real Estate & Mortgage News

  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

  10/20/2016 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The governor of the Bank of Canada spoke of the risk to the economy from the high level of household debts and the rising cost of homes when he announced a hold-steady on ... More

Real Estate & Mortgage News