Real estate news and features

Canada economy to slow, risks to downside - IMF (Reuters)
Canadian economic growth will slow to 1.8 percent this year and there is a risk of an even sharper downturn as weakness in the U.S. economy spreads beyond the housing sector, the International Monetary Fund said in a report on Monday.
After growing about 2.5 percent in 2007, Canada??™s healthy economy and fiscal standing will help it withstand the global turbulence but external risks will pose a challenge. >>read more
??¦??¦.Canadian institutions expected to make writedowns (Exec Canada)
Some of Canada??™s five biggest banks are expected to report headline-catching writedowns when they announce first-quarter earnings. The banks have so far escaped with remarkably little damage from the credit market turmoil. >>read more
??¦??¦. Storm clouds threaten to rain on bank profits (Globe and Mail)
Canadian Imperial Bank of Commerce said in January that it will take $2.46-billion (U.S.) in pretax writedowns for the two months ended Dec. 31 because of its exposure to the U.S. subprime mortgage market. >>read more

??¦??¦.UPDATE IMF lowers growth projections for Canada on back of US economic downturn (Forbes)
Canada??™s growth will likely decelerate further in 2008 and 2009 as a result of the sharp downturn in the US economy, the International Monetary Fund (IMF) reported. >>read more

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