It’s Friday and that mean open-topic time! Here’s a round up of recent news stories:
–House prices drop nation-wide, Calgary leads with -10% YOY
-Western Canadian markets hit hard by housing downturn
–Market correction not a calamity
-Buy our BC home, we’ll give you cash
-Dreams of proper compensation for a huge inconvenience
–Olympic fever and the post games let-down
–New mortgage rules: Ignorance breeds contempt
–US foreclosures up 55% in July
–Higher inflation brings lower standard of living
–Home owners in denial about realty value?
-Another buy one new home get one free offer
So what are you seeing out there? Post your news, links and anecdotes here and have an excellent weekend!
note: any conversation on Vancouver, real estate or economics is allowed, please keep it civilized. When posting articles please only quote pertinent points and link to the original instead of pasting the entire article here. Pasting a link will automatically create a clickable hot-link. Thanks!