5/16/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year ... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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The decline in national home sales reported Tuesday by CREA is “disappointing” says TD Economics.

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Real Estate & Mortgage News

  5/9/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More

Real Estate & Mortgage News

  5/1/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points.

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Real Estate & Mortgage News

  4/30/2018 | Posted in First Time Home Buyers by Forest Hill Real Estate Signature
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The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages.

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Real Estate & Mortgage News

  3/9/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The impact of the tightened mortgage rules introduced at the start of the year appears to be rising according to a recent report from RBC.

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Real Estate & Mortgage News

  12/25/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception.

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Real Estate & Mortgage News