Housing Activity - 2004-03-29
The momentum that pulled housing through a strong 2003 continued into January. Though both starts and sales were off from their December levels, activity remained strong.

Housing inventory levels are relatively low in most areas, home prices continue to rise, mortgage applications remain high, and mortgage interest rates have been highly favorable.
Read the full story at Builder Online

Bubble trouble? - 2004-03-29
Donald Coxe, chief strategist of Bank of Montreal's Harris Investment Management of Chicago, was in Vancouver last month to examine the city's residential real estate market. His take: any way you slice it, it's a bubble.

The obvious reason for the housing boom, both in new homes and resales, is the availability of cheap money. Posted mortgage rates, at around 5.7%, haven't been this low since 1951, when the Canadian Mortgage and Housing Corp. started tracking them. That's helping to set other records.
Read the full story at Canadian Business