Feds buying another $50B in residential mortgages The federal government will purchase another $50 billion in residential mortgages to ease the credit crunch facing Canadian banks. Finance Minister Jim Flaherty's announcement today follows a similar move last month to purchase up to $25 billion in mortgages. Read More   Economists warn housing numbers deceptive Canada's housing market bucked the gut-churning downward spiral south of the border, with new homes commanding higher prices and developers going ahead with building a surprising number of new homes, according to the latest figures released yesterday. Read More   Realtors' group cuts forecast; Backtracking on earlier projections, association now expects... Given the turmoil in the global stock markets, real estate economists have been scrambling to revise forecasts made at a time when Lehman Brothers was still in business and big North American automakers weren't on life support. Read More   Canada's housing starts beat expectations Canada Mortgage and Housing Corp. says housing starts in October fell compared with the previous month, but the number was better than economists had expected. Read More

More... Strong housing numbers a 'facade', economists say Caution describes sentiments in the Canadian real estate market: PwC and ULI survey Canadian average house prices inch up in third QUARTER Purchase of a new home is a sound decision Perched on the best of both worlds; Builder combines cottage living with condo style in bid to... Bolton site overlooks conservation lands; Exclusive enclave of luxury bungalows popular with... Housing Market Outlook: Cooling CMHC cuts housing forecast as permits rise; Slowing economy to reduce demand in 2009 Developers not the enemy Calgary building permits slip 14%

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