TORONTO — A new survey says Canadian home prices weakened in September as a change in mortgage rules introduced in the summer appeared to keep some buyers out of the market.The Teranet-National Bank National Composite House Price Index released Wednesday shows that home prices fell 0.4% in September from the previous month.If sales continue to decline, a cumulative price drop of around five per cent is likely in a soft-landing scenario for the Canadian home resale marketThe drop was spread across six of the 11 Canadian cities in the study, with Victoria facing the steepest decline of 1.3%.Prices fell in Vancouver, down 1.2%, and Ottawa, down 0.8%.Other Canadian cities showing weakness were Montreal (down 0.6%), Edmonton (down 0.7%) and Victoria (1.3%).On the upside was Toronto, rising 0.1%, while both Calgary and Halifax rose 0.5%. Hamilton increased 0.3% in September from August.[np-related]On a national level, home prices are still 3.6% higher than they were a year earlier.The report offered further evidence of the summertime slowdown of the domestic economy, as well as the impact of mortgage regulations that were introduced by Finance Minister Jim Flaherty in July.Under the new rules, the maximum amortization period for government-insured mortgages would be reduced to 25 years from 30 years.National Bank senior economist Marc Pinsonneault said in a report that the regulation changes “undoubtedly contributed to cool the market.”But he also noted that third-quarter home sales for the cities in the survey fell eight per cent from the previous three month period, which could be a harbinger for lower house prices next year.“Price declines have occurred outside recessions when sales dropped a few quarters in a row, even if market conditions were overall balanced. We could see a repeat of that,” Pinsonneault said.“In our view, if sales continue to decline, a cumulative price drop of around five per cent is likely in a soft-landing scenario for the Canadian home resale market.”The Canadian PressAndrew Barr/National Post
Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. The bizarre road rage video featuring David Attenborough’s producer attempting to put a motorist under citizen’s arrest has been all over the internet.Fergus Beeley failed to place the other man under citizen’s arrest, but he tried his hardest to, saying: “Put your hands on the car and get ready to die, this is a citizen’s arrest.”He then begins pointing at the woman and the boy, saying: “You’re under a citizen’s arrest, you’re under a citizen’s arrest, and I tell you what, you are, too.”Upset and angry, the woman calls back: “That’s my 11-year-old-son, what’s he done?”But what should he have done to put them under arrest – and what would happen if he did?What is a citizen’s arrest?A citizen’s arrest is an arrest by an individual who is not a law enforcement official.The law states:Anybody can arrest a person who is committing an indictable offence.Anybody can arrest a person if they have reasonable grounds to suspect that they are committing an indictable offence.A citizen’s arrest can be conducted in appropriate circumstances, such as the person causing damage to people or property, or trying to escape before the police can attend the scene. Use proportionate and reasonable force so you don’t get into trouble yourself. An indictable offence is one which could land the perpetrator in Crown Court – so it has to be a pretty serious crime such as violent assault or burglary.When should one be made?Lawyers advise that witnesses be present when an arrest is being made.This is because often when you’re performing a citizen’s arrest, you’re dealing with someone who won’t be honest with police when they arrive.So that you’re not arrested for assault, make sure you’re doing it for the correct reason and that you have people around who will vouch for you.If you don’t have any witnesses nearby, take pictures and videos on your phone of the crime to show to police.Make sure you don’t put yourself in any danger while performing the arrest – assess whether you can detain the person on your own.Arresting someone is a job best left to the professionals whenever possible.What needs to be done to complete a citizen’s arrest?There is no specific wording to tell people they are under citizen’s arrest.The subject does need to be told what you are doing and why as soon as possible before they are detained and taken to the police.