Inflation2009

Canadian Real Estate Slows Inexorably- Part III

As others have mentioned, Canadian lending policies were, in most cases, much more responsible than in some US markets. However, the prices in the US "bubble" markets are starting to sell at a discount to a fair or "normal" price, causing sales to explode in volume. Listingsupply.com shows that the supply of homes in the US are beginning to plummet. Therefore, combined with new gov't programs, some US markets are better than the Canadian markets in terms of ability to sell, albeit at much lower prices.