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

Real Estate & Mortgage News

  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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  3/5/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.

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Real Estate & Mortgage News

  2/27/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for ... More

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  2/18/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Ottawa changing stress test rate for insured mortgages starting April 6.

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  1/22/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.

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  1/22/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The current lending rules in Canada are geared towards shorter-mortgage terms

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Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

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Real Estate & Mortgage News

  1/8/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

Real Estate & Mortgage News

  10/10/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s ... More

Real Estate & Mortgage News

  9/25/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Employment figures had a major influence on the market's dynamics.

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Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

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Real Estate & Mortgage News

  9/16/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud.

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Real Estate & Mortgage News

  9/6/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

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Real Estate & Mortgage News

  8/10/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes.

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Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.

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Real Estate & Mortgage News

  7/21/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.

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Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.

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Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More

Real Estate & Mortgage News

  6/17/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities.

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Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices.

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Real Estate & Mortgage News

  5/31/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Canada Revenue Agency has identified over a $1 billion in unpaid gross taxes in the real estate sector since 2015 and has doled out over $100 million in penalties.

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Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Real Estate & Mortgage News

  5/1/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More

Real Estate & Mortgage News

  4/25/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage.

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Real Estate & Mortgage News

  4/16/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage.

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Real Estate & Mortgage News

  4/3/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group.

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Real Estate & Mortgage News

  3/14/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water.

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Real Estate & Mortgage News

  3/6/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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More Canadians are running into serious issues with their mortgage payments according to a new report.

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