12/6/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

The Bank of Canada stuck with its trend-setting interest rate, but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way.

... More

Real Estate & Mortgage News

  9/29/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

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

Real Estate & Mortgage News

  9/12/2017 | Posted in Mortgage News by Forest Hill Real Estate Signature
  SHARE

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

Real Estate & Mortgage News

  9/12/2017 | Posted in Financial Health by Forest Hill Real Estate Signature
  SHARE

Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate.

... More

Real Estate & Mortgage News

  9/7/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

Canada’s big banks were quick to announce increases to their prime lending rates to 3.2% Wednesday.

... More

Real Estate & Mortgage News

  9/6/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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
  SHARE

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.

... More

Real Estate & Mortgage News

  8/16/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.

... More

Real Estate & Mortgage News

  7/28/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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

Real Estate & Mortgage News

  7/24/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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
  SHARE

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.

... More

Real Estate & Mortgage News

  7/12/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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

  7/7/2017 | Posted in Mortgage News by Forest Hill Real Estate Signature
  SHARE

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

  6/30/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

Canada’s economy grew for a sixth consecutive month with gains in a majority of industries, underlining the central bank’s view a durable recovery from an oil shock ... More

Real Estate & Mortgage News

  6/28/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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

  6/22/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates ... More

Real Estate & Mortgage News

  6/15/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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
  SHARE

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
  SHARE

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
  SHARE

The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

... More

Real Estate & Mortgage News

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

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.

... More

Real Estate & Mortgage News

  4/28/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.

... More

Real Estate & Mortgage News

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

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

Real Estate & Mortgage News

  3/15/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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

  2/24/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
  SHARE

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

Real Estate & Mortgage News

  2/10/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
  SHARE

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