Caution on mortgages a good move for market The government has moved to halt some lending institutions from making available a popular form of mortgage, the 40-year, zero-down variety. This is a good and important correction, especially given what's been playing out south of the border in the house-poor set of the market populated with people who financed houses they really couldn't afford. Read More   Local housing market still booming The housing market in Meadow Lake, and in Saskatchewan has been booming for the past couple of years. There have been some major changes in Meadow Lake in part, because of the housing market. Read More   Housing market slows; Building permits drop 32% Calgary's construction market showed further signs of a slowdown as the city reports residential building permit applications slowed by 32% during the first half of this year compared to the same period last year. Read More   Calgary parks at a premium; Study says established inner-city communities suffering lack of green.. Numerous Calgary communities need a deeper shade of green, a report coming to a city committee next week says. A study into city-wide open space coming before the community and protective services committee on Wednesday suggests 17 communities, mostly inner city, lack sufficient park space while five others are at risk if they continue to grow. Read More

More... The 40-year switch; Ottawa's new mortgage rule more about protecting the coffers than heading off.. Borrower beware; Feds clamp down on 0%-down mortgages and 40-year amortizations Housing activity remains high; CMHC: The nationally seasonally adjusted rate in June pulled... Condos helping drive Guelph's housing market New Measures Make Homeownership a Reality for Low-income Renters in Ontario Housing starts drop; June numbers down nearly 46% from 2007 Ottawa tightens mortgage rules; Maximum amortization period for loans backed by government reduced. Mortgage rules to be tightened City's housing market booms Building permits up for second straight month

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