As we near completion of Doom transcript Sub VI Hotel for AEI seminar "Canadian versus U.S. Housing Finance: Comparison and Implications," along comes my morning paper with a clutch of business article which, taken together, paints a picture all too reminiscent of what twist was seeing in the south-west US markets towards the middle of the '00 decade.
These three pieces are all from the "C" business section of today's Halifax Chronicle-Herald, and added quite the kick to my breakfast cereal 
Bruce Erskine — "Housing a deal in Atlantic Canada
RBC: Homes more affordable here"
Relatively low housing price increases in Atlantic Canada should support "brisk" regional real estate activity this year, particularly in major markets, [RBC senior economist Robert Hogue] said.
Sunny Freeman (CP): "Homeownership more costly
Expected rise in interest rates likely to keep prices high"
Strong demand, fuelled by exceptionally low mortgage rates, has increased competition for the limited supply of homes for sale, which continues to drive prices up, the report said.
RBC senior economist Robert Hogue said the problem is likely to get worse with an anticipated rise in interest rates in the second half of the year.
Roger Taylor: "What can we afford? Steele had better know"
A good affordability number is one of those good and bad indicators. While it is a good sign for anyone considering buying a home, it may also show that demand for real estate is slowing.
UPDATE: Inquiring minds should also check out Mish's Tuesday post "Canadian Credit Bubble In Pictures"
