BC home sales drop for second straight month

"VANCOUVER (NEWS1130) - Continued erosion in housing affordability is taking a toll on the ability to pay for some buyers. The British Columbia Real Estate Association is reporting home sales have fallen for the second month in a row, and we've seen the slowest start to a year since 2003." LINK

JPMorgan to buy ailing Bear Stearns for $2 a share

• "a stunning collapse for one of the world's largest and most venerable investment banks."
• "JPMorgan's acquisition of Bear Stearns represents roughly 1 per cent of what the investment bank was worth just 16 days ago."

LINK

Now I am starting to get scared, this is starting to get really ugly!! Is tomorrow going to be another "Black Monday"!!!??? Are we in for another Great Depression??

I will go as far to say that there will be some very sad looking bank stocks after tomorrow.

Great White North’s Housing Boom Is Grinding To A Finish

Here is a collection of "Bearish" Canadian Housing Market News Articles, brought to you by the "The Housing Bubble" Blog.

Canadian Real Estate is starting to show signs of weakening and the Media is taking notice. If you have been following the US Housing Blogs you know that the MSMedia is usually a little behind when comes to reports on RE.

If Calgary is any indication of what is in store for the rest of the Canadian Housing Markets, there are going to be some unhappy people who bought at the top. Not to mention all the people that are counting on their new found wealth to retire, source of credit, etc.

Here's the Link to the Canadain Housing News Articles.