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Canadian house prices down 2 Pct

Canadian house prices are down nearly two percent from the same time a year ago when adjusted for inflation as stricter borrowing rules and fading demand cool the market, according to a new Scotiabank real estate report released Wednesday.

OECD: Canadian real estate a risk to economy

Rising real-estate prices in Canada is causing risks to the world’s 10th-largest economy, according to a report released by the Organization for Economic Cooperation and Development on Wednesday.

Home prices dampen American wealth

Americans suffered a record decline in wealth due to the recession between 2007 and 2010 as home values dropped to record lows, according to a Federal Reserve report released on Monday that detailed the extent of the recession.
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