Val Coolen

The 30% drop in seasonally-adjusted monthly housing resales in the first seven months of this year has raised fears that a full-blown slump is in the works for Canada. However, we find little compelling evidence of irrationality or bubbles in the overall Canadian market relative to historical patterns.

TORONTO, ONTARIO--(Sept. 3, 2010) - TREB reports a 22% decrease in sales and a 6% increase in prices in August 2010 from August 2009. "Market conditions and the affordability picture would have to change dramatically before a sustained drop in the average selling price would take place," said Jason Mercer, TREB's Senior Manager of Market Analysis.

September 3, VANCOUVER, BC - Conditions in the Greater Vancouver housing market continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining.

OTTAWA, Sept. 3 /CNW/ - The latest Harris/Decima-Investor's Group Measure of Consumer Confidence reveals that 1 in 5 Canadians see good times ahead.

C.D. Howe Institute's Monetary Policy Council Urges Bank of Canada to Raise Overnight Rate to 1.00 Percent, With Increases to 1.50 in March and 2.25 Percent by September 2011