Which bit of Canada? There is no "Canadian" price. I could increase the selling price of my house by a third by picking it up and moving it ten miles south, into Ontario.

you could say the same for the UK, Europe, Australia... its an 'average' across the country as a whole i assume.

Canada is a little different to the UK.

In the UK because of the logistics there is a greater freedom of movement between the general populace meaning that there is more of a housing "market" in an increase and decrease sense.

In Canada you have the cities and pockets where you will find markets that closely resemble the UK.

But there are many place's where house prices seldom move at all. An example is somewhere like Brantford, Ontario where a colleague of mine owned several properties and price movements are barely inline with inflation. Windsor is another example. Super stable- no real shifts in demand and supply for decades.

I found this in a CBC article on the subject, it might give some insight as to TD's predictions.

The surprising city to me is Saskatoon.

Prolly because it was overpriced to start with? I like how it says "secret passage" in the listing, leading to where exactly?

The housing market in Vancouver specifically will drop because of the changes in the immigration system in Canada. The rates for the immigrant investor programme have been raised significantly to $1.6 million net worth and $800,000 investment and also the new restrictions on skilled workers introduced in 2008 and 2010 is bound to have an impact.

The CIC has around a four year backlog on skilled workers, so that means you will see immigration numbers start to go down next year and by 2014 I suspect it will be quite sharp given the difficulty of using the IIP as well.

So this will slow down markedly: http://www.financialpost.com/Vancouv...258/story.html

Probably have an impact in Toronto as well I suspect.

1 - Many chinese people who are buying in Vancouver have no intention of ever living here.

2 - Immigration ratios are being adjusted in favour of china, even as immigration overall is being reduced.

The chinese boom will end, but it won't be because of immigration changes anymore than it started because of immigration. The underlying cause of last years craziness was the chinese government taking steps to cool it's own housing market. The side effect of this was that chinese demand for proprety get exported - especially to places like Vancouver.

The worry for the Vancouver market is that if it starts falling even a little, many of these investors with no attachment to Vancouver will start to sell up.

But a lot do, have a look at the CIC stats.

Yeah - agreed. Last year in Richmond and other places was a bit of an anomaly.

This made the Toronto Star front page today ... so it must be true.