Real Estate News, Articles & Corporate Announcements

4/5/2020 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down.

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4/4/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic ... More

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4/3/2020 | Posted in Ontario Real Estate by Forest Hill Real Estate CENTRAL
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Speaking from Queen’s Park on Friday afternoon, Ontario Premier Doug Ford announced a halt to all residential construction in the province.

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4/3/2020 | Posted in GTA Real Estate by Forest Hill Real Estate CENTRAL
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Despite a strong increase in sales for March 2020 as a whole, there was a clear break in market activity between the pre-COVID-19 and post-COVID-19 periods.

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4/2/2020 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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Real estate listings are drying up, open houses have been canceled, and buyers are staying home.

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4/1/2020 | Posted in Canada Living by Forest Hill Real Estate CENTRAL
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How to stay safe if venturing outdoors for essential reasons during COVID-19.

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3/25/2020 | Posted in Ontario News by Forest Hill Real Estate CENTRAL
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The Ontario government has confirmed that it will temporarily not issue any new eviction orders and will halt the enforcement of evictions during the COVID-19 outbreak.

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3/31/2020 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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3/28/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
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Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and ... More

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3/27/2020 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate CENTRAL
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement.

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3/27/2020 | Posted in Financial Health by Forest Hill Real Estate CENTRAL
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.

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3/27/2020 | Posted in Home Owners by Forest Hill Real Estate CENTRAL
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It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More

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3/26/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canada beefs up liquidity plan with expanded mortgage guarantee

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3/25/2020 | Posted in Ontario News by Forest Hill Real Estate CENTRAL
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All “non-essential” workplaces in Ontario have been ordered closed effective 11:59 p.m. Tuesday for 14 days as the battle against COVID-19 reaches a critical ... More

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3/24/2020 | Posted in New Developments by Forest Hill Real Estate CENTRAL
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Building construction investment in Canada edged higher in January with a 0.5% rise compared to the previous month.

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3/24/2020 | Posted in Rental Market by Forest Hill Real Estate CENTRAL
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The COVID-19 coronavirus outbreak is highlighting the fragility of millions of Canadian households, which face a stark choice between paying their bills or putting food on the ... More

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3/21/2020 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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Realtors across Canada are kicking off the busy spring selling season with the unprecedented step of cancelling open houses, moves that could contribute to slower-than-forecast ... More

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3/20/2020 | Posted in GTA News by Forest Hill Real Estate CENTRAL
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At the March 19 Special Emergency Council meeting, Mississauga City Council made decisions in response to COVID-19 to help mitigate impacts on residents and businesses.

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3/20/2020 | Posted in Toronto News by Forest Hill Real Estate CENTRAL
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The City of Toronto is waiving all penalties on late property tax and other bill payments for the next two months in response to the unprecedented economic impact of the ... More

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3/19/2020 | Posted in Community by Forest Hill Real Estate CENTRAL
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Happy First Day of Spring Everyone!

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3/19/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
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A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.

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3/18/2020 | Posted in Canada Living by Forest Hill Real Estate CENTRAL
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The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

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3/18/2020 | Posted in Mortgage News by Forest Hill Real Estate CENTRAL
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers.

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3/17/2020 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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RBC senior economist Robert Hogue gives his latest housing market assessment

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3/17/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
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The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system.

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3/17/2020 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate CENTRAL
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

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3/16/2020 | Posted in Canada Living by Forest Hill Real Estate CENTRAL
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Prime Minister Justin Trudeau has announced the federal government will close its borders to most people who are not Canadian citizens or permanent residents as part of its ... More

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3/16/2020 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up between January and February 2020.

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3/14/2020 | Posted in Ontario Real Estate by Forest Hill Real Estate CENTRAL
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Condo developers in Ontario looking to sell units to millennials and first-time home buyers could be barking up the wrong tree, according to a new survey from OREA.

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3/13/2020 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate CENTRAL
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

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