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

  9/16/2019 | 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

  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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  7/18/2019 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.

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  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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  6/11/2019 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.

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  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

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  5/6/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate CENTRAL
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason.

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  3/12/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate.

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  2/5/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender

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Real Estate & Mortgage News

  12/6/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed.

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Real Estate & Mortgage News

  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

  11/5/2018 | 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

  10/5/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC.

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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

  9/13/2018 | Posted in Real Estate News by Forest Hill Real Estate CENTRAL
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Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact.

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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

  6/26/2018 | Posted in GTA News by Forest Hill Real Estate CENTRAL
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A recent analysis showed the waning popularity of traditional mortgages among would-be home buyers in the Greater Toronto Area, with originations of traditional lenders (such ... 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

  5/28/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving ... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Home Buyers by Forest Hill Real Estate CENTRAL
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year ... More

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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  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

  12/25/2017 | 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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