| From Financial Post: The Canadian housing market is close to becoming a buyer's market for the first time in more than a decade, but it won't be a bust, according to a report by CIBC World Markets. Its projection that house prices will likely fall another 5% to 7% was issued as the real-estate industry was also reporting the number of homes being put up for sale retreated in August from the record levels of the previous four months.
"With new listings down from the recent peak, the resale housing market is stabilizing in most provinces," the Canadian Real Estate Association said in its latest monthly market report, showing new listings falling 5.4% in August..... Full Article: Source
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