New Canadian mortgage stress test Rules Announced for 2018. mortgage professionals canada warned the changes could reduce the volume of home sales by 10% to 15% annually, resulting in 50,000 to 75,000 fewer home sales a year in Canada, when combined with other mortgage rule changes announced in 2016.
CMHC defends mortgage stress test changes amid calls for loosening rules uninsured borrowers must now show they could service their mortgage if rates rose two per cent B.C. woman left ‘black and blue’ after being pushed off 40-foot cliff at lake
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Toronto police say an 11-year-old boy is again unaccounted for in Scarborough after he was located earlier on Saturday morning. Emmanuel Ayo was reported missing for a second time in two days after he.
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Tougher stress-testing hits cmhc mortgage insurance volumes. CMHC does not break out its business volumes by region, but said Ontario accounted for 33.6 per cent of national home buyer loans insured in the third quarter this year, down from 36.4 per cent in the same quarter last year.
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In Ontario and B.C., these new mortgage rules and stress tests are in addition to the foreign buyers and speculation taxes. The OSFI introduced new mortgage rules effective in 2018. New mortgage borrowers now need to qualify at a higher mortgage rate even if they have a 20% down payment in 2019.
TOKYO – North Korea said Sunday it wants an investigation into a raid on its embassy in Spain last month, calling it a “grave terrorist attack” and an act of extortion that violates international law..