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

The Biggest Housing Bubble in the World Is in ... Canada? - The Atlantic

The Biggest Housing Bubble in the World Is in ... Canada? - The Atlantic

Vancouver bc prices lower

http://vancouvercondo.info/2013/01/vancouver-prices-lower-than-last-year.html

canadians debt reaches max levels

http://vreaa.wordpress.com/2012/12/07/boc-warns-again-the-most-important-risk-to-financial-stability-continues-to-stem-from-elevated-level-of-household-indebtedness-and-stretched-valuations-in-some-segments-of-the-housing-market/