Cmhc repos

The Canada Mortgage and Housing Corporation (CMHC) has stated that real estate brokers should not indicate that the property is a repossession. We inquired with the CMHC, and they informed us that this publication rule stems from a national policy that applies to all Canadian provinces. - - See more at: http://www.greaterfool.ca/2013/02/27/oh-canada/#comments

How high housing prices hurt us.

Instead, we were given a decade of doubling housing prices which predictably sucked the spending power from the average consumer’s budget and off-shored hundreds of thousands of jobs to countries whose citizens don’t require high wages for half-million dollar bungalows.

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Richmond house prices down

“Further erosion in home prices in Richmond for 2013 can be expected as poor market sentiment is working against a housing market recovery in Richmond.”

All in on housing

Today we have a bizarre situation. Over 70% of people have no pension, but 70% of people own real estate. How is that supposed to work?

Canadian housing market in retreat

Friday’s deeply disappointing Canadian housing starts numbers, on the back of Thursday’s drastically declining building permits numbers, paint a picture of a housing market in rapid retreat. But what’s more, they represent a massive obstacle to a recovery in Canada’s tepid economic growth.

Canadian real estate declines

Love those headlines:

National Post:”Vancouver home sales continue downward spiral”

http://business.financialpost.com/2013/02/04/vancouver-home-sales-continue-downward-spiral/?__lsa=8c51-91b2

Wall Street Journal: “Vancouver’s Housing Market Felt the Chill in January”

http://blogs.wsj.com/canadarealtime/2013/02/04/vancouvers-housing-market-felt-the-chill-in-january/?mod=google_news_blog