2/25/2021 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but CMHC says the risk of these borrowers falling into arrears could ... More

Real Estate & Mortgage News

  2/2/2021 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of ... More

Real Estate & Mortgage News

  2/2/2021 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Lenders "have never seen as many as they have now".

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Real Estate & Mortgage News

  1/27/2021 | Posted in Home Buyers by Forest Hill Real Estate Signature
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Plan ahead when buying a home to save yourself time and stress.

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Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan.

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Real Estate & Mortgage News

  1/19/2021 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer.

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Real Estate & Mortgage News

  1/7/2021 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast.

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Real Estate & Mortgage News

  1/5/2021 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead.

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Real Estate & Mortgage News

  12/20/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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It was a significant jump year-on-year

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Real Estate & Mortgage News

  12/11/2020 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates

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Real Estate & Mortgage News

  12/9/2020 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%.

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Real Estate & Mortgage News

  11/24/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada.

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Real Estate & Mortgage News

  11/23/2020 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Several mortgage brokers are warning of a spike in rates once bond yields recover.

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Real Estate & Mortgage News

  11/10/2020 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news.

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Real Estate & Mortgage News

  10/13/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule.

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Real Estate & Mortgage News

  10/8/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth.

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Real Estate & Mortgage News

  9/28/2020 | Posted in Home Buyers by Forest Hill Real Estate Signature
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In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... More

Real Estate & Mortgage News

  9/25/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation.

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Real Estate & Mortgage News

  9/18/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end.

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Real Estate & Mortgage News

  9/10/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

Real Estate & Mortgage News

  9/9/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion

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Real Estate & Mortgage News

  7/28/2020 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest

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Real Estate & Mortgage News

  6/30/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available ... More

Real Estate & Mortgage News

  6/23/2020 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.

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Real Estate & Mortgage News

  6/12/2020 | Posted in Mortgage News by Forest Hill Real Estate Signature
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Insurer says its current policies are sufficiently robust

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Real Estate & Mortgage News

  6/12/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1.

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Real Estate & Mortgage News

  6/3/2020 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

Real Estate & Mortgage News

  6/1/2020 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two.

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Real Estate & Mortgage News

  5/18/2020 | Posted in Financial Health by Forest Hill Real Estate Signature
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Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the ... More

Real Estate & Mortgage News