Obvious to most of us here is how these articles desperately try to hide what is already happening.  The headline "...hot housing market expected to cool."...expected?  It has been cooling for months now with significant price drops.  And this line, "...annual rate of over 30 per cent earlier this year, home prices in Toronto have tumbled by more than one-sixth."  Why not say 16% instead of "one-sixth"...is it because most people don't/can't convert that into a percentage (and just see the word six) and therefore the decline isn't project as bad as it is?  And the decline is 20% or more...oops...one-fifth  :-)   I didn't read past that.  Horrible, horrible reporting.