Canada’s hot housing market shows signs of cooling

[Potemkin]

Canada’s hot housing market shows signs of cooling

Calgary’s new home prices up by 0.5% in June, fuelled by energy industry

By Andrea Hopkins, Reuters August 9, 2012 10:16 AM


New home prices in Calgary were up by 0.5 per cent in June from the previous month, according to Statistics Canada.


TORONTO — Canada’s hot housing market showed signs of cooling on Thursday as July housing starts slowed more sharply than expected, but housing prices were still climbing in June and analysts said a real slowdown may not come until late in 2012.

Read more: http://www.calgaryherald.com/busines...4430/story.htm

[rb.]

Slowed here, due to prices out of line by about 25%. Houses over $200,000 not budging at all. Some people are just crazy.