Housing policy is being created for the whole country based on markets in Toronto and Vancouver

They are Canada’s two hottest housing markets, and even some in the real industry don’t question the need to cool prices in both Toronto and Vancouver, but that opinion changes once you get beyond the orbit of those two cities.

There is almost a sense of bewilderment in places like Halifax and Edmonton or Montreal, where people wonder what overheated housing market anyone is talking about, because it’s not happening in their jurisdiction. DBRS Inc. said this week that from July 2015, to July 2016 prices across the country are almost flat once British Columbia and Ontario are excluded.

“It’s raining in Vancouver, but first-time home buyers need an

It may be a way to attract foreign investors away from already hot markets like Vancouver and Toronto

Britain’s decision to leave the European Union last week plunged governments worldwide into a pit of economic and political uncertainty. The ripples of the referendum will have an unmistakable impact on global economies and, by association, on global real estate markets. But only temporarily.

Interest rates will remain low

The immediate impact of the post-Brexit vote on Canada’s economy will be pressure to keep interest rates at historically low levels, explained BMO chief economist Douglas Porter and senior economist Robert Kavcic in a report last week. This is, in part, because other segments of our country’s economy would feel the impact of

Homes sold last month sat on the market for an average of 45 days

There are more homes for sale in the city than last year and they're sitting on the market for longer, while selling for less, according to data from the Calgary Real Estate Board. (Sheryl Nadler/CBC)

Home sales and prices continued their year-over-year decline in November, according to the latest aggregated data from the Calgary Real Estate Board.

A total of 1,263 homes were sold in the city last month, down 28.7 per cent from November 2014.

Average sale prices were off 5.1 per cent year-over-year, sliding to $460,859.

Median prices, meanwhile, were down 4.2 per cent to $410,149.

The number of active listings stood at 5,316, up 31 per cent from a year earlier, while the