Canadian housing market has not been seriously affected by the global economic slowdown so far, according to the annual rate of housing starts posted in October which showed a mild decline from the previous month, as the latest report by the Canadian Mortgage and Housing Corporation shows.
Starts of new homes have declined 3.1% from September [...]

Dropping real estate values are sending more British Columbians into financial crisis and causing a spike in personal bankruptcies, according to professional debt counsellors.
Federal Industry Ministry data show that B.C. consumer bankruptcy filings for August were up more than 10 per cent over the same period last year.
August also saw a 16.3-per-cent increase in proposal [...]

Fewer Canadian homes were sold in the third quarter but the number put on the market also dropped - a sign that a slide in housing prices is beginning to slow, says the Canadian Real Estate Association.
A total of 76,391 homes were sold in major Canadian markets in the summer quarter, a dramatic 10.7 per [...]

The Canadian government moved to shore up the nation’s banks by taking on some of their mortgages in a bid to ease higher borrowing costs that have crippled lending. Toronto-Dominion Bank and Bank of Nova Scotia responded by cutting their prime rates.
Canada Mortgage and Housing Corp., a government-run agency, will buy as much as C$25 [...]

Canadian existing home housing prices are decelerating quickly with the steepest decline in more than a decade recorded in August, as analysts say homeowners in some cities should prepare for further depreciation.
The average price of a residential property sold through the Multiple Listing Service was $316,052 last month, a year over year drop of 5.1 [...]

The rise in new home prices continues to ease as Canada’s housing market cools, particularly in the west.
Statistics Canada said Thursday prices for new homes rose 2.7 per cent in July, a slowdown from the 3.5 per cent pace a month earlier.
On a monthly basis, prices rose 0.1 per cent.
“The growth rate of the index [...]

A rental market survey shows that 38 per cent of rental units in Calgary turned over last year and the top reason for people leaving their units was for home ownership.
The survey, conducted by Canada Mortgage and Housing Corp. for the Calgary Apartment Association, said the next two top reasons were job relocation and financial [...]

Investment in Canadian commercial real estate declined sharply in the first half of 2008 and investment for the year as a whole is expected to be considerably lower than last year’s record level, says a mid-2008 report on the investment market by CB Richard Ellis Limited.
The report says that in the first six months of [...]

Canada’s housing market lost some steam in July as the fevered pace of new home and condo construction cooled, especially in Ontario, after prices rose at their slowest pace in over six years in June in the face of sharply slower economic growth.
Canada’s national economy “is flat on its back” after two straight monthly declines [...]

Although the number of residential properties on the market has decreased slightly over the past year, the Ottawa Real Estate Board says prices remain strong.
Members of the board sold 1,390 residential properties in July through the board’s Multiple Listing Service system compared with 1,451 in July 2007, a decrease of 4.2 per cent. There were [...]