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Home buyers applying for mortgages with less than a 20 per cent downpayment had to undergo a "stress test" to determine if they could afford to pay back a loan if interest rates rose. Last month, the Bank of Canada raised its key interest rate by 0.25 percentage points — the first time it had increased it since 2010.All of that hasn't stopped the market from climbing or put affordable homes within the reach of most people.
Across the country in the month of June, Metro Vancouver saw the greatest gain at 1.5 per cent overall. Last August, the previous Liberal government introduced a 15 per cent tax on foreign home buyers in Metro Vancouver.
Two months later, mortgage rules were tightened across Canada.
The vast majority of the transactions involve no legal wrongdoing.
According to the reports, the leaked documents allegedly originate from the Bermuda-based lawfirm Appleby and were obtained by German newspaper Sueddeutsche Zeitung and shared among the ICIJ, the International Consortium of Investigative Journalists.
Kylie Stanton " data-medium-file="https://shawglobalnews.files.wordpress.com/2013/09/web-pic_kylie-stanton_2014.jpg? quality=70&strip=all&w=300" data-large-file="https://shawglobalnews.files.wordpress.com/2013/09/web-pic_kylie-stanton_2014.jpg? quality=70&strip=all&w=458" /ABOVE: Despite efforts to screen her new beau for red flags, a Victoria woman didn’t find any until it was too late.
As Kylie Stanton reports, the woman was brutally attacked and is now warning others about how dangerous online dating can be.
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Recently released data from Statistics Canada shows the overall price of brand new houses and townhomes in the region has soared 6.2 per cent in the 12 months since June 2016.
"Last time [the new house price index] grew larger than 6.2 per cent was in June of 2010," said analyst Rohit Verma, adding prices rose 6.7 per cent. Verma says the information is gathered through a monthly survey of home builders and their contractors, excluding new condominiums. Verma says the main reason cited for the increase was "improving market conditions." It's more evidence of the resiliency of the region's real estate market, despite government efforts at all levels to temper prices.
REUTERS/ Carlos Jasso " data-medium-file="https://shawglobalnews.files.wordpress.com/2017/11/2017-10-12t212227z_1316006460_rc1bcadae8d0_rtrmadp_3_mexico-canada.jpg? quality=70&strip=all&w=300" data-large-file="https://shawglobalnews.files.wordpress.com/2017/11/2017-10-12t212227z_1316006460_rc1bcadae8d0_rtrmadp_3_mexico-canada.jpg?Tags: Adult Dating, affair dating, sex dating