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Don't believe scenarios that say Canada's aging population will inevitably lead to a drop in home prices in the future, CIBC World Markets says. "Despite downward pressure from demographic forces, on average, we expect house prices in Canada to double in the next 20 years," said Benjamin Tal, a senior economist at the investment bank.

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Canadian Housing Outlook 2007 The early-year buzz at construction sites and real estate offices across the country confirms the bunny tale — Canada’s housing market is the rabbit that just keeps on going, and going. Warmed by mild winter temperatures, housing starts in January jumped to a 29-month high while home resales climbed to a new record. The trend in national new and existing home prices, while off the highs of last spring, is still averaging about 10% year-over-year.

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About 70 per cent of Canadian households own their homes, and on average, more than a third of the net worth of these households is tied up in real estate. Homeowners who are hearing a lot about bubbles, crashes and slowdowns in the real estate industry can take heart from two recent reports issued by major Canadian financial institutions.

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