Canadian Market News: Credit Crunch & Stock Market Effects

• Canadians ‘should not be too worried’ – [Financial Post]
  Wall Street may be imploding while financial markets around the world are in retreat, but as far as most Canadians are concerned, it’s business as usual.
  (…) Canadians need to be cautious in making financial decisions in the months ahead as the economic environment becomes more challenging. For instance, they should be aware that credit conditions could get tighter as the banking system responds to the global credit crunch.
• Credit crisis pushing up vacancy rates (Toronto) – [The Star]
  It’s going to be a “bumpy road ahead” for the Greater Toronto office market, according to sober forecasts released yesterday by leading Canadian brokerage firms.
  The office market is expected to see slower than average growth over the remaining half of the year as the finance, insurance, real estate and commercial services sectors digest the Wall Street implosion, caused by the weakening economy and the failure of the U.S. investment banking sector, says a Colliers International study.
• Montreal housing advocates rally for federal funding program [CBC News]
  About 100 people rallied in downtown Montreal on Thursday to protest planned cuts to federal funding of homeless support programs.
  Advocates against homelessness, joined by federal candidates, gathered in front of the Guy-Favreau federal government building on René-Lévesque Blvd. for the protest.
• Canada’s boom in the housing markets is definitely over – [The Star]
  Canadian existing home housing prices are decelerating quickly with the steepest decline in more than a decade recorded in August, as analysts say homeowners in some cities should prepare for further depreciation

Posted by:  Deya Bautista - Affiliated Real Estate Agent working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889

Related Articles:

1. Canadian Credit Crunch Headlines
2. Canadian Government injects $75-Billion into the financial system. Lower interest rates ahead.
3. Financial Post reports: Value of new homes goes up
4. Interest rates news headlines
5. Friday Morning links: Canadian Market News