The Teranet National Bank National Composite House Price Index today reported that Metro Vancouver house prices at the end of March showed their ninth consecutive month of decline.  Full article in the Vancouver Sun can be read here.

Alberta's first-time buyers make up nearly a third of home sales in both Calgary and Edmonton - according to article today in the Calgary Herald

CMHC says Calgary housing market to bottom in '09 - Read article in the Calgary Herald.

Affordable housing gets a boost in Canadian prairie province.  More details here.

Released this morning and available here

John Mauldin's blog post yesterday sheds some facinating insight into the current economic conditions around the world.  

For us at Alta Pacific it pretty much confirms our belief in investing in Canadian mortgages.  Placing investment funds in mutuals, securities or any other equities sounds a little scary given the current statistics provided in this article. We certainly feel more comfortable with Western Canadian Real Estate.

News release from CMHC today outlines housing starts for Canada in April

The following article in the Calgary Herald speaks to housing starts in Calgary