Canada's housing demand is the strongest it has ever been. This 10 year trend is still going strong despite the housing downturn in the United States. Last year Canada set an all time record for resale home sales. Although 2008 will most likely not match those levels, the market continues to be healthy across the country. One province in particular, British Columbia stands above the rest.
The current housing boom is going on 10 years whereas the prior three cycles ranged from five to six years. On a world scale this trend has outlasted many economies around the globe and is now a world class destination. This is clearly a result of home rising continuously for the past 15 years. You’ll notice British Columbia’s fundamental structure remain solid: unemployment is low, immigration is high, and the vacancy rate for apartments is low.
