Appreciating their “island in the storm,” temperamentally conservative Canadian real estate players grapple with tamping down unaccustomed overconfidence and wondering whether mostly stable property markets won’t be buffeted by world economic turmoil, particularly the U.S. contagion. Offsetting the increasing “global market risk,” Canada’s considerable aces in the hole remain “a robust banking system,” the fiscally sound government, and rich stores of natural resources and commodities, as well as steady immigration.

In this year’s report, we provide insights into various facets of Canada’s real estate market, as well as analysis of some of its key urban centres, including Toronto, Vancouver, Edmonton, Calgary and Montreal.