7/14/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

While Canadian housing starts have gained momentum and are on pace for more than 200,000 this year, CIBC World Markets managing director and deputy chief economist Benjamin Tal ... More

Real Estate & Mortgage News

  5/27/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Sales, new construction and prices all expected to decline during pandemic

... More

Real Estate & Mortgage News

  5/16/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.

... More

Real Estate & Mortgage News

  5/8/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

The housing market can expect some recovery towards the end of the year according to Altus Group.

... More

Real Estate & Mortgage News

  5/2/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are ... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

Real Estate & Mortgage News

  3/28/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

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

Real Estate & Mortgage News

  3/19/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.

... More

Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

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.

... More

Real Estate & Mortgage News

  2/3/2020 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Economy nudged higher in the latest monthly stats, helped in part by the real estate and construction industries.

... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

The average Canadian household was worth less in 2018 than in the previous year.

... More

Real Estate & Mortgage News

  8/2/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Here’s a look at how lower rates south of the border could ripple through our country, according to five experts.

... More

Real Estate & Mortgage News

  5/22/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More

Real Estate & Mortgage News

  3/10/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says.

... More

Real Estate & Mortgage News

  1/2/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

As we head towards 2019 with a weakened Toronto housing market and a Vancouver market in free fall, many sense this may be the year the house prices will go ... More

Real Estate & Mortgage News

  12/19/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates.

... More

Real Estate & Mortgage News

  12/18/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

The slowdown in Canada’s housing market is likely to weigh on the economy according to a new report from CIBC Economics.

... More

Real Estate & Mortgage News

  12/17/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average.

... More

Real Estate & Mortgage News

  12/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada.

... More

Real Estate & Mortgage News

  11/2/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017.

... More

Real Estate & Mortgage News

  10/22/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

By 2023, the number of millionaires in Canada is expected to rise 54% to nearly 2 million people

... More

Real Estate & Mortgage News

  10/2/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Canada’s economy faces a major risk through the next three years from how debt-laden consumers cope with higher interest rates, according to economists from three of the ... More

Real Estate & Mortgage News

  9/6/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Moody's revises its outlook for the Canadian banking system to stable from negative, as the ratings company now sees the Canadian government less likely ... More

Real Estate & Mortgage News

  8/21/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances.

... More

Real Estate & Mortgage News

  7/12/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike.

... More

Real Estate & Mortgage News

  6/27/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Analysts are optimistic that the Canadian economy will bounce back soon, bringing with it increased consumer spending.

... More

Real Estate & Mortgage News

  6/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Canada's financial system is resilient, according to the Bank of Canada, but high household debt and imbalances in the housing market remain the biggest ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

Canadian households, the main driver of the country’s economy for the past decade, are showing signs of spending fatigue.

... More

Real Estate & Mortgage News

  4/24/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

The tightened mortgage underwriting rules which came into effect at the start of the year have contributed to a slower start for the Canadian economy.

... More

Real Estate & Mortgage News