Adding insult to injury is the fact that home prices are heading up as well. In its latest estimate, the S&P/Case-Shiller 20-city home-price index posted an annual gain of 10.8% in April. Some cities — namely, Dallas and Denver — are even above their pre-crisis peaks.

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Launched on April 5, 2005, Wise Law Blog also highlights key decisions of Canadian courts, with focus on Ontario Family Law, Ontario Employment Law and other areas of interest. Garry J. Wise is primary contributor to Wise Law Blog. He is a Canadian litigation lawyer who practices with Wise Law Office,Toronto. He is a graduate of Osgoode Hall.

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