Stephen Gordon on the housing market
Stephen Gordon – National Post
Here is part of what is hopefully one of the last of a once-robust breed – The Apocalyptic Canadian Housing Market Story, this one from Macleans:
Judging by the latest real estate data, the Canadian housing market could scarcely be better. Average home prices are up more [...]

CANADIAN REAL ESTATE MARKET RELATIVELY RESILIENT DURING FIRST QUARTER
Only modest house price declines despite predictions of double digit depreciation
Consistent with current economic trends, Canadian residential real estate prices declined during the first quarter, according to a quarterly House Price Survey released today by Royal LePage Real Estate Services Ltd. As the market correction unfolds, [...]

Single-detached starts decline in 2009 but growth returns in 2010
According to Canadian Funding Corp (CFC) following a 22-year high in 2008, CMHC is forecasting a 28.5 per cent reduction in single-detached starts this year. Regina will see 700 single-detached starts in 2009, down from 979 in 2008. Forecast starts activity in 2009 will fall back [...]