Here is an interesting article from the MSN.money website. It discusses the authors' ideas about why the Canadian housing market is healthy and how our market compares to the housing market in the U.S.A.

Why is the Canadian Housing Market so Healthy?

By Peter Diekmeyer, Bankrate.com, December 3, 2009

As housing prices continue to rise, Canadians will need to stay grounded to maintain growth.

Follow up:

What a difference a year makes. Last year at this time, the Canadian housing market was in a deep funk. Fear stemming from the U.S. subprime loan and economic crises flowed north. And locals, worried about their jobs and stock portfolios, battened down the hatches. Existing home sales plunged, as did average selling prices.

But just 12 months later, almost all of the numbers that were down are trending up again. And while no one knows just how long it will last, recovery seems at hand.

There are several reasons Canada's economy and its housing sector bounced back so quickly. For one, Asian economies, many of which never suffered as badly during the recession as the United States and Europe, continue to demand vast quantities of Canadians resources. Unlike the United States, Canada also benefits from the fact that its armed forces do not drain away between five and nine per cent of its Gross Domestic Product (GDP) each year.

Read the entire article at Money.ca.MSN.com