China sets trial for dissident who chronicled rights abuses – In 1998, Huang founded the 64 Tianwang Human Rights Center and its accompanying website to chronicle the stories of people alleging abuses by authorities. Reporters Without Borders, which calls Huang.
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New mortgage rules take effect Monday, Oct. 17 | CTV News – CMHC raises red flag about housing, cites spillover from Toronto, Vancouver. Mortgage rules: What do the changes mean?. The rules require a stress test for all insured mortgage applications.
Four major changes to Canada's housing rules – The Globe and Mail – Five previous federal housing moves since 2008. A new stress test was also introduced to ensure that debt costs are no more than 44 per cent of income for lenders seeking a high-ratio mortgage. Refinancing rules were also tightened for a third time, setting a new maximum loan of 80 per cent of a property’s value.
What are the new mortgage rules and stress test in Canada. – In this episode, we talk with Mujtaba Syed, Manager – Mobile Mortgage Specialist with TD Canada Trust, and review the new rules, explain what the stress test is and how impacts future homeowners.
San Francisco statue that some call racist is removed – "I think we’re witnessing a moment in history where, commendably, San Francisco officials are doing the right thing to help rectify the mistreatment of indigenous people," Janeen Antoine, who is of.
New stress test could put monolines at a disadvantage – New stress test could put monolines at a disadvantage The finance minister announced three new housing measures meant to ensure stability in the housing market, but one of those – the amended stress test requirements – could impact monolines more so than big banks, according to one veteran broker.
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CMHC insurance volumes plunged 41% after mortgage rules. – Among the new rules is a requirement that borrowers pass a "stress test" to gauge their ability to pay back the loan if mortgage rates were to rise. The goal of that policy effectively was to make it harder to get insurance, which would help make sure that people buying houses are financially able to do so.
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NEW CMHC Restrictions: New Rules for Low Ratio Mortgages – As of July 31, low-ratio mortgage borrowers who take out CMHC insurance will be subjected to the same restrictions as high-ratio borrowers. These include: Debt-to-income requirements: 39 per cent for Gross Debt Service and 44 per cent for Total Debt Service ratios, respectively.
600 new campsites coming to provincial parks and recreation. – The province announced it is adding 600 more camping spots to its most popular BC Parks. Tourism Minister Lisa Beare, MLA for Pitt Meadows-Maple Ridge, along with Environment Minister George Heyman made the announcement at the popular Golden Ears Provincial Park in Maple Ridge on Thursday.