9/14/2019 | Posted in Financial Health by Forest Hill Real Estate CENTRAL
  SHARE

Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row.

... More

Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says.

... More

Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

... More

Real Estate & Mortgage News

  6/6/2019 | Posted in GTA Real Estate by Forest Hill Real Estate CENTRAL
  SHARE

Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks.

... More

Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

The Bank of Canada today maintained its target for the overnight rate.

... More

Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts.

... More

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Forest Hill Real Estate CENTRAL
  SHARE

Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.

... More

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Forest Hill Real Estate CENTRAL
  SHARE

The Canadian credit market has grown but it appears that consumers are generally managing their debt well.

... More

Real Estate & Mortgage News

  5/14/2019 | Posted in Financial Health by Forest Hill Real Estate CENTRAL
  SHARE

Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Real Estate & Mortgage News

  5/11/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
  SHARE

The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership ... More

Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
  SHARE

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 Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

The latest reading of Canada’s economy brings both good and bad news for the housing market.

... More

Real Estate & Mortgage News

  4/29/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

Canadians now owe an average of $1.79 for every dollar of disposable income.

... More

Real Estate & Mortgage News

  4/24/2019 | Posted in Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

Bank of Canada keeps rates steady, cuts language about future hikes.

... More

Real Estate & Mortgage News

  4/22/2019 | Posted in Financial Health by Forest Hill Real Estate CENTRAL
  SHARE

Sign of deteriorating financial stability for many people in the country.

... More

Real Estate & Mortgage News

  3/15/2019 | Posted in Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

Real Estate & Mortgage News

  3/14/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
  SHARE

Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water.

... More

Real Estate & Mortgage News

  3/6/2019 | Posted in Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More

Real Estate & Mortgage News

  3/6/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
  SHARE

More Canadians are running into serious issues with their mortgage payments according to a new report.

... More

Real Estate & Mortgage News

  2/25/2019 | Posted in Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even ... More

Real Estate & Mortgage News

  2/20/2019 | Posted in Ontario News by Forest Hill Real Estate CENTRAL
  SHARE

A recent report reveals desperate measures of indebted consumers in Ontario.

... More

Real Estate & Mortgage News

  1/22/2019 | Posted in Financial Health by Forest Hill Real Estate CENTRAL
  SHARE

An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency.

... More

Real Estate & Mortgage News

  1/16/2019 | Posted in Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

What the Bank of Canada's decision to hold its key rate means for borrowers and savers.

... More

Real Estate & Mortgage News

  1/9/2019 | Posted in Financial Health by Forest Hill Real Estate CENTRAL
  SHARE

It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.

... 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

  12/17/2018 | 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

  12/5/2018 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

The Bank of Canada is leaving its key interest rate unchanged.

... More

Real Estate & Mortgage News

  11/7/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
  SHARE

Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and ... More

Real Estate & Mortgage News