Housing prices could fall another 10%: Economist Canadian housing prices could fall by up to another to 10 per cent before they hit bottom as the market faces a correction, says Scotia Capital Economist Derek Holt. "We will go through a correction, and the balance of risks are to the downside rather than the upside," said Holt in an interview yesterday. Read More   Crunch hits consumers: 'Nobody wants to lend' Whether you're a small business person or a consumer looking to buy a car or a home, it's becoming harder to get credit. Toronto mortgage broker Ranjit Dhaliwal says credit is "most definitely" tightening in Canada, noting that he's turning down many prospective home buyers because they don't qualify for a mortgage. On top of that, defaults are also skyrocketing. "People were always able to turn to private lenders when the banks turned them down. But as a private lender, I've pulled back and a... Read More   Home building slows; REAL ESTATE: But the resale housing market for London-St. Thomas was up 10... London's home construction market is running out of steam according to the latest housing start report. The Canada Mortgage and Housing Corp. (CMHC) says there were only 97 single detached starts in the London-St. Thomas area in September, a 44 per cent drop from the same month last year. Read More   Housing prices, sales and starts fall; Homes in major cities sit on the market longer and sell for. Despite the economic uncertainty surrounding the real estate market, David Pottruff decided - after much deliberation - to buy property. The retired fire prevention chief purchased a London, Ont. condo yesterday with the hopes of renting it to Fanshawe College students. "You have to be a hermit not to be aware of what's going on with the economy," says Pottruff. "But I figured this was an investment for the long term." Read More

More... Mixed messages; City housing starts climb as Burlington slumps J.D. Power and Associates Reports: Tridel Corp. Ranks Highest In Satisfying New-Condominium Buyers.. Region's building starts nosedive House price 'rate of appreciation dropping': Royal LePage Housing market cooling down Why Canada may dodge U.S. slide; Stronger job market, healthier banks will help keep us cushioned Fusion Homes honoured as a finalist for the 2008 Tarion Awards of Excellence Tarion Announces Award of Excellence Recipients A new era for home builders Canada not immune; U.S. HOUSING CRISIS

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