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University study reveals hiring a real estate agent doesn't make economic sense

New house prices rose in May at their slowest pace in almost six years, a further sign that Canada's real estate market is cooling, particularly in Alberta and British Columbia.
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The federal government says it will no longer guarantee 40-year mortgages, one of a handful of measures aimed at guarding against a U.S.-style housing bubble.


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Total spending on energy by Canadian households likely hit an all-time high as a percentage of disposable income in the second quarter of this year – and those home-heating and electricity bills will head even higher this winter, says Bank of Montreal economist Douglas Porter


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Fewer jobs, a housing market chill, soaring energy and food costs - consumers won't be spending like 'drunken sailors' any more

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After a long run of rapidly-rising prices, the Canadian housing market has cooled to the point that it is no longer a sellers' market, Toronto-Dominion Bank said Thursday.

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Canada's net worth increased slightly in the first quarter of 2008, driven by rising residential real estate values, Statistics Canada says.

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U.S. home prices tumbled in April at the fastest rate since a widely-followed index was begun in 2000 with all 20 metropolitan areas posting annual declines for the first time.

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The real estate market appears poised for a soft landing rather than a crash, in a cooling trend the Bank of Canada says is both “expected and welcome.”

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Prices for new homes increased just 5.2 per cent in April from a year earlier, marking the slowest pace in more than two and a half years, Statistics Canada says.

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the organizations that you are supposed to trust and count on are not giving you the full story. Last week, the Greater Vancouver and Fraser Valley boards released their April numbers.

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Never before have so many Canadians owned homes. And never before have they owed so much for the privilege.

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House prices in almost all Canadian neighbourhoods have nearly doubled over the past 10 years, good news for long-time homeowners but an ongoing setback for those looking to enter the market.

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Mortgage rates are falling in Canada.

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Since the beginning of 2008, the real estate market has been in tough territory for home sellers. Listings are up, solds are down, and the resulting inventory (total number of homes for sale) is reaching record-high levels.

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As a flood of sellers sent home listings to their highest level on record last month, at the same time sales slowed as wary buyers remained on the sidelines.

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More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 per cent versus the same month last year and contributing to a deepening slide in home values, a research company said Tuesday.

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Prices for new homes in Canada rose 0.2 per cent in March from a month earlier, and 6.1 per cent over the past year, Statistics Canada says.

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Housing starts in Canada dropped to 213,900 in April, coming back to earth after a surprisingly strong first quarter

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Existing home sales are expected to fall 11.5 per cent in Canada this year and 4 per cent in 2009, according to a forecast released yesterday by the Canadian Real Estate Association (CREA).

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Cut out the unnecessary before you move to a smaller home.

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Young Canadians pondering a plunge into the housing market have mortgage rates on their side these days but brokers say buyers still need to be prudent and cautious while searching for a first home.

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Make sure you obtain a home inspection, even though it is new, plus research the reputation and experience of the developer.

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Globe and Mail: Garth Turner has some unsettling news for Canadians who've tied their financial future to their homes ? every real estate bubble in history has burst, and there's no reason to think it will be different this time.