[Newsbot]

Title: Canadian real estate boom over, statistics indicate
Category: Misc CDN
Posted By: tritium
Date: 2008-06-16 16:03:45
Canadian

[tritium]

You can see this is the Calgary area, where once you had to compete to buy a house and condos were snapped up and sold out before construction was complete.

Now condos and homes are staying on the market longer and mortage companies are begging for business.

[Toro]

In the hottest markets out west, prices will fall 30-40% from the peak.