Nationally, home prices rose 15 per cent in August from a year earlier, up 31 per cent and 17 per cent in Vancouver and Toronto. Photo: Reuters Nationally, home prices rose 15 per cent in August from a year earlier, up 31 per cent and 17 per cent in Vancouver and Toronto. Photo: Reuters
Nationally, home prices rose 15 per cent in August from a year earlier, up 31 per cent and 17 per cent in Vancouver and Toronto. Photo: Reuters

Canada announces new measures to cool housing market and close loopholes for foreign buyers

Vancouver has become one of the world’s most unaffordable housing markets, with rich mainland Chinese flocking to the city in recent years under controversial wealth-migration programmes

Nationally, home prices rose 15 per cent in August from a year earlier, up 31 per cent and 17 per cent in Vancouver and Toronto. Photo: Reuters Nationally, home prices rose 15 per cent in August from a year earlier, up 31 per cent and 17 per cent in Vancouver and Toronto. Photo: Reuters
Nationally, home prices rose 15 per cent in August from a year earlier, up 31 per cent and 17 per cent in Vancouver and Toronto. Photo: Reuters
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