Canada's resale housing market is headed for its second best year on record according to forecast. Low mortgage rates, healthy markets and steady income growth fuel this housing robust.
Bob Dugan - Chief Economist at CMHC's Market Analysis Centre

Market for resale homes in 2005 has increased 5% over 2004.

Average price for resale homes in 2005 was $256,000, up 13.2% over 2004, the biggest annual increase since 1989.

The forecast for 2006 is an expected rise of another 5%.
Gregory Klump - Chief economist of CREA
(Canadian Real Estate Association)

Mortgage rates for 2006 are expected to remain within 1% of the current rates.
Alan Greenspan - Chairman of the Federal Reserve

The resale housing market forecast for Ontario is to remain steady at around 190,000 units.

The average price of homes has steadily increases from $183,841 in 2000, to $245,229 in 2004 - an increase of 8.1%.

The net employment outlook for Ontario is a seasonally adjusted 16% increase.
Gregory Klump - Chief economist of CREA
(Canadian Real Estate Association)

The country's economy is operating at full capacity and is expected to do so through 2007.
Phil Soper - CEO Royal Lepage Real Estate Services