Real Estate Stats

According to CREA (http://www.crea.ca/public/news_stats/statistics.htm), medium sales @2009 price in Ontario is $306.066 compare with 311.065 in 2008.
Nice try, anything decent in Mississauga and around is in the $400,000+ range, and even those need work.
Those reported price decreases look great on paper, but doesn’t seem to reflect the reality.
Talking about reality, you should at least think that if you are worried you won’t have a job in the coming months there’s no way you would buy a house.
Second thought, the gold rush in real estate has ended but it led to an extra number of units compared with the necessity, we will be facing an inflationist devaluation of housing prices.