• The average Single Family Home has increased from $14,424 in 1953 to over $431,300 in 2010. That is an average of about 6.14% compounded annually, TAX FREE for most owners! 
• In the past, there has only been one major "correction" to house prices over the past 57 years. Many will recall the "heady" late 80's when house prices escalated at extraordinary rates, until the bubble finally burst in 1991/1992.  This correction was largely attributable to inflated prices being caused by widespread speculation by both domestic and foreign investors, without regard for sound underlying economic considerations.
• From 2001 until the end of 2010, house prices have increased annually at a 6.2% compound rate driven by solid demand for housing due to the strong economy largely stimulated by low interest rates and steady immigration into the GTA and less by the previous speculative demand. 

Demand for housing should continue in the Toronto area, due in part to a steady rate of immigration into the GTA (about 75,000 + annually) and continuing favorable interest rates. Canada also remains one of the more stable and attractive places for foreign investment.