Here is your Morning News Rundown for Wednesday May 8th:

April 2013 Housing Starts in Canada – CMHC

Housing Starts Fall 3.5% in April as Market Faces ‘New Reality’ – Globe and Mail

CMHC Report Shows Loss of Bulk Insurance Business – Canadian Real Estate Magazine

Calgary Homebuilders Pledge $11 Million to Build Housing for Homeless – Calgary Sun

Paying off Mortgage Safer Than Investing in Cash – The Province

Peter Munk’s Contrarian bet on Toronto’s Condo Market – Globe and Mail