Real estate in Vancouver seems immune to the slowdown and effects of the global credit squeeze. The Canadian city could be the best place to buy Canadian property for relocation and or investment. According to the Canada Mortgage and Housing Corporation, which serves as the country’s national housing agency, is predicting an 8% increase in home prices for the metro Vancouver area. That’s in comparison to an 11% increase for all of 2007, and will still leave the city with the highest prices in the country. "What we’re expecting is a bit of moderation," said Robyn Adamache, senior market analyst with the Canada Mortgage and Housing Corporation. "Prices are going to continue to increase, but at a slower pace than we’ve seen over the past couple of years." Adamche was quoted in a recent International Herald Tribune article on Vancouver.

Vancouver City

Canadian real estate Property in Canada

The Canadian real estate market seems to be able to withstand the global troubles with strong real estate prices and steady price rises. Even now with some of the most depressing housing market news both in the UK and USA Canada still does not feature. I don’t associate the Canada housing market as one that is suffering with the credit crunch. Why is this? is this all to do with the way Canadian mortgage companies have been lending money. Are the Canadians more stringent in their approach to finance. Is the demand for real estate the reason for its happy housing market? Canada remains a very attractive place to retire or relocate and I am in contact with many UK buyers seeking to move to Canada. Maybe the international demand is what keeping the housing market full of vigour. How does the Canadian government policies compare with the US and UK economic policies . What ever it is maybe this housing market is an example for us all at this time.

Average house prices for Canada

• Greater Vancouver up 11.1 per cent in a year $616,496,
• Victoria ($504,194, up 13.3 per cent)
• Calgary ($419,396, up 1.0 per cent)
• Toronto ($380,338, up 4.1 per cent)
• Edmonton (343,760, up 5.6 per cent)

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