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Carrick on money: Where does the housing market go from here?

A house recently sold during winter real estate market in Toronto, February 2013.

Fernando Morales/The Globe and Mail

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Where does the housing market go from here?
Sales in Toronto and Vancouver were down in April, but not by as much as in the previous month. Some agents believe the market is gaining strength again, but that view is not shared by some U.S. observers. Here, Bloomberg TV interviews the San Francisco-based hedge fund manager Vijai Mohan, who believes Canada's housing market is heading for a fall and hopes to profit from the decline.

Here's more on Mohan's bet against Canada. He will join Globe & Mail readers online for a live chat Tuesday, answering your questions about the risks he sees in Canadian investments.

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This analysis from the Reuters news agency thoroughly covers the arguments why Canada's housing market won't crash like the U.S. market did.

How much house can I afford?
The non-profit GetSmarterAboutMoney.ca website has created this multi-purpose mortgage calculator, which looks at affordability, the amount of your payments and the impact of making extra payments.

The million dollar savings plan
A calculator that can help you map out how to save $1-million. Good luck with that.

More money
Join the 28,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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