10/20/2017 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The newest set of mortgage restrictions announced by the OSFI will hit home buyers looking to upgrade to new properties the hardest, according to BMO financial group chief ... More

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  10/19/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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In its latest Metropolitan Outlook, The Conference Board of Canada noted that Toronto’s housing market will experience further cooling in 2018, after the moderation that ... More

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  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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  10/14/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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The number of homes sold in September climbed for the second month in a row after a slowdown earlier this year that was led by a cooling in the Toronto market.

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  10/13/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales in September rose modestly from the previous month but remained down ... More

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  10/6/2017 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Find out which city surrounding Toronto has the hottest real estate market that is poised for a boom.

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Real Estate & Mortgage News

  9/27/2017 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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In spite of recent scares regarding their values, detached houses remain the strongest real estate investment to be had in the GTA.

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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

Real Estate & Mortgage News

  9/15/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a small gain in August 2017.

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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

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  8/17/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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'Peak Millennials' (aged 25 to 30) to create strong wave of demandNational survey shows while the peak millennial dream to own property is very strong, ... More

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  8/16/2017 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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Home sales in the Greater Golden Horseshoe just saw the smallest decline since Ontario’s housing clampdown, suggesting the market may be stabilizing.

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  8/15/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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While various quarters have cited supply scarcity as a central driver in Toronto’s long-running housing affordability issues, latest census data actually belies that ... More

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  8/15/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017.

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Real Estate & Mortgage News

  8/8/2017 | Posted in Industry Trends by Forest Hill Real Estate Signature
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New technologies are transforming the way people in Canada and across the globe are buying a home, with significant implications for consumers and the property ... More

Real Estate & Mortgage News

  7/17/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales cooled further in June 2017.

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Real Estate & Mortgage News

  6/23/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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Turns out housing may be affordable, acording to Bank of Canada (BoC) Housing Affordability Index which shows that the cost of housing across Canada is below historic norms. We ... 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 Real Estate News by Forest Hill Real Estate Signature
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The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ... More

Real Estate & Mortgage News

  6/14/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The chief economist of the Canadian Real Estate Association says homeowners in the Greater Toronto Area should brace themselves for a possible tax on speculative home ... More

Real Estate & Mortgage News

  6/14/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the ... More

Real Estate & Mortgage News

  6/12/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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The Bank of Montreal's CEO is downplaying the consequences that would come from a possible correction in house prices, saying the real estate market "essentially heals ... More

Real Estate & Mortgage News

  6/8/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Why sales and prices seem likely to continue to fall for at least the next two or three months.

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Real Estate & Mortgage News

  6/6/2017 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Sales of existing homes across the Greater Toronto Area dropped a whopping 20.3 per cent in May from a year ago, while the average home price in the region fell about six per ... More

Real Estate & Mortgage News

  6/5/2017 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 ... More

Real Estate & Mortgage News

  6/3/2017 | Posted in Ontario Real Estate by Forest Hill Real Estate Signature
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The only thing increasing faster than GTA home prices is the complexity of the market. Lesser-known but very important changes are already underway that will significantly ... More

Real Estate & Mortgage News

  5/25/2017 | Posted in GTA Real Estate by Forest Hill Real Estate Signature
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On April 20th 2017 the Ontario government introduced their Fair Housing Plan which included a 15% tax on homes purchased by foreign (non-resident) buyers. The provincial ... More

Real Estate & Mortgage News

  5/15/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined in April 2017. ... More

Real Estate & Mortgage News

  5/9/2017 | Posted in Real Estate Market by Forest Hill Real Estate Signature
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The 6-month trend of Canadian housing starts was up in April, reaching 213,768 units compared to 210,702 in March.

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Real Estate & Mortgage News

  5/2/2017 | Posted in Toronto Real Estate by Forest Hill Real Estate Signature
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Early data suggests homebuyers in Canada’s largest city sat on the sidelines as they awaited new market cooling measures, but jumped backed into the market — albeit ... More

Real Estate & Mortgage News