Housing prices more Affordable  The recent fall in housing prices in Canada has made home ownership more affordable, and broad-based cuts to mortgage rates announced Wednesday will make that dream even more affordable.  The upside to the downside in housing prices is it has made housing more affordable, especially in some western Canadian cities, according to Desjardins Group, which reported that its index of Canadian housing affordability is "slowly but surely inching its way" back up to its ... Full Article...

Market Watch - November 2008 Housing Market Continues to Reflect Economic Times The erosion of consumer confidence that began with rising fuel prices earlier this year is continuing as the global financial crisis and volatile equity markets have many Canadian households concerned about their own finances. This is clearly reflected in the slowdown of the housing market. ALBERTA, seems to be maintaining an even keel (November 4, 2008, Edmonton, Alberta) Despite global economic unrest and uncer ... Full Article...

Residential housing price decline creates buying opportunities VANCOUVER, B.C. – November 3, 2008 – Housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter of 2008. The Real Estate Board of Greater Vancouver (REBGV) reports that residential benchmark prices, as calculated by the MLSLink Housing Price Index®, declined 8.8 per cent between May and October 2008, resulting in a 3.9 per cent year-to-date pric ... Full Article...