11/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The bank says stress tests and higher interest rates have reduced the share of new high-leverage, insured loans to six per cent from 20 per cent in late 2016.

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Real Estate & Mortgage News

  11/6/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

Real Estate & Mortgage News

  11/5/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history.

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Real Estate & Mortgage News

  10/31/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More

Real Estate & Mortgage News

  10/24/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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CIBC, TD, Royal Bank and BMO all hike their prime rates too

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  10/21/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit reporting ... More

Real Estate & Mortgage News

  10/1/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Conservative Party of Canada plans to make the mortgage stress test a hot button issue in time for next year’s election, but explaining such a convoluted issue to ... More

Real Estate & Mortgage News

  9/20/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More

Real Estate & Mortgage News

  8/20/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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With an economy beating expectations and a range of indicators pointing to limited excess capacity, maintaining stable inflation is likely to require further rate hikes by the ... More

Real Estate & Mortgage News

  8/15/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC.

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Real Estate & Mortgage News

  7/18/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost.

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Real Estate & Mortgage News

  7/16/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canadians divided, even as interest rates appear set to rise according to a recent CIBC poll.

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Real Estate & Mortgage News

  7/12/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well.

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Real Estate & Mortgage News

  7/11/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

Real Estate & Mortgage News

  6/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

Real Estate & Mortgage News

  5/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected.

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Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009.

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Real Estate & Mortgage News

  4/15/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Bank of Canada is likely to raise interest rates twice more this year as the economy regains momentum in the current quarter but will hold them steady at its April 18 ... More

Real Estate & Mortgage News

  3/19/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to ... More

Real Estate & Mortgage News

  3/9/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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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

  3/5/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canada’s economy decelerated more than expected in the second half of last year, amid signs indebted households have begun slowing down spending.

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Real Estate & Mortgage News

  1/25/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver ... More

Real Estate & Mortgage News

  1/19/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders.

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Real Estate & Mortgage News

  1/8/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Expectations of a tightening labour market in 2018 is helping fuel speculation that the Bank of Canada will raise its ... More

Real Estate & Mortgage News

  1/4/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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By all indications, 2017 has proven to be a tumultuous period in the mortgage and real estate spheres, but a markets observer argued that this year will offer a measure of ... More

Real Estate & Mortgage News

  12/28/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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A close look at numbers from the Canadian Real Estate Association bodes well for the housing year ahead

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Real Estate & Mortgage News

  12/25/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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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

  12/22/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Canadian home prices are expected to cool significantly next year as tighter mortgage rules come into effect and as further expected interest rate hikes are likely to dampen a ... More

Real Estate & Mortgage News

  12/6/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Consumers looking to consolidate debt currently have more buying power than they will next month, therefore rushing to refinance their mortgages before the new mortgage ... More

Real Estate & Mortgage News

  12/4/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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The Bank of Canada has released its latest assessment of the financial system and has once again highlighted risk from mortgages.

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Real Estate & Mortgage News