Food for thought...

"Canadians believe in homeownership—a fact best illustrated by the purchasers who ventured forward in recent months and snapped up some of the best real estate deals the Canadian market has seen in years. Those who chose to sit it out on the sidelines are now facing a market in transition, characterized by the threat of rising interest rates, low inventory levels, and upward pressure on housing values."
— Michael Polzler
Executive Vice President
RE/MAX Ontario-Atlantic Canada