Recession???

Things are not looking all that hot today.

• Gold, oil rocket to record highs


• Canada's economy stalls


• U.S. auto sales slide in February


• Buffett sees U.S. recession now

I don't know about you, I think we are in for a serious economic slow down. Everyone claims we will be ok because of other countries buying our resources. Unfortunately the US is still our largest customer by a long shot.

Get out of debt, inflation is on the rise and higher interest rates are around the corner.

February Real Estate STATS

Keep an eye out for the new STATS Packages being released for February. It should be interesting to see the changes, as we are getting into Spring.

Keep in mind to look at the whole package and not just the average price. Price can be skewed lower by more lower priced houses selling or higher by more higher priced houses selling. Look at sales volume and listings, this will give you an idea if we are in a buyers or sellers market which can put pressure on price in either direction.

LINKS are to your right for the Housing STAT Packages.

Canada's Housing Boom is Winding Down

'The great boom is winding down'
LORI MCLEOD
Globe an Mail Update
February 15, 2008 at 4:39 PM EST

Resale home activity caught a case of the winter sniffles in January, a further sign Canada's mighty residential real estate market is finally in a slowdown. LINK