Subtraction by subdivision; The news from Halton this week: Growth in this province is based on a.. What is the real cost of growth? In Halton Region, it seems, more than we can afford. Earlier this week, Halton Region Chair Gary Carr threatened to withdraw municipal approval for 40,000 housing units unless the province and development industry figure out who's paying how much and for what. "Growth," Carr noted succinctly, "doesn't pay for itself." In so saying, Carr got to the very heart of the matter: It takes more to build a community than shopping malls and subdivisions. You also need... Read More   Reid's Heritage Homes announces layoffs Reid's Heritage Homes president Tim Blevins confirmed yesterday his company has permanently laid off about 30 workers from all levels of the organization. Blevins said a combination of factors, including general economic uncertainty, a slowdown in the housing market and a lack of availability of serviced land to build on, all contributed to the decision. Blevins said it was one of the most difficult choices he has had to make. Read More   Bank of Canada predicts economy rebounding by 2010 The economy is in good shape to weather a global recession, although growth will be anemic for the next six months, the Bank of Canada said today. Read More   Housing repossessions must be last resort: PM British Prime Minister Gordon Brown ordered judges to ensure that home repossessions are only made by banks as a last resort as a looming recession threatens an increase in U.K. mortgage defaults. Read More

More... Key rate cut pushes dollar down; But economists say central bank move not aggressive enough Banks pare prime lending rates; This time, full value of the Bank of Canada's quarter-point... Green homes are getting the green light; Canadians willing to spend more for enviro-friendly... Rate trimmed a quarter point Homebuyers should keep an eye out for fraud Seasonal checklist helps with maintenance; INDUSTRY VIEW: These tips can help prevent disasters... $5 billion injected; Ottawa scoops up mortgages Bill would force home sellers to provide energy ratings; Liberal backbencher's private members'... Mortgage Changes: What They Mean to You Fall in house prices broadens, deepens; U.S.-style market collapse unlikely, economist says, but...

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