These summer days are long and hot, but there’s a definite cooling in the country’s two biggest housing markets. In Vancouver the local real estate board reports a sharp, 17% drop in sales in June, compared to May and a, nearly, 28% slide compared to a year ago. There are signs foreign investors have lost interest in Vancouver and buyers are backing away from deals because they find themselves too close to the debt-load maximums set by Ottawa. Buyers, it seems, are heeding the warnings of impending interest rate hikes. While the benchmark price of a detached home in Vancouver is holding steady at a little more than $960,000 economists are predicting a 15% correction for the market. And realtors report sellers are starting to cut their asking prices, hinting at a turn to a buyers’ market for Canada’s most expensive realestate. In Toronto the smoking hot condo market, that has the finance minister so worried, has taken a splash of cold water. Sales of, mainly existing, down town co...