2006/2007 Outlook

1.  Strong Equity Markets Create Wealth
2.  Labour Market is Very Tight
3.  Steady Job Growth Will Continue
4.  Labour Market is Very Tight
5.  In-migration Will Continue
6.  Mortgage Rates Remain Very Low
7.  High Oil Prices a Concern for Consumers
8.  Consumer Confidence Remains Strong
9.  Canadian Dollar a Concern for Export Oriented Industries
10.  BoC Felt Inflationary Pressure
11.  Mortgage Rates Higher in 2006
12.  Mortgage Rate-Bond Yield Spread Allows for Discounting
13.  Re-Sales at a Plateau
14.  First-Time Buyer Pool Shrinking
15.  Cost of Owning vs. Renting in Toronto
16. Market Becoming More Balanced
17.  Price Growth Will Moderate...
18.  Average Price Will Reach $370K in '07
19.  Real Price Moving Toward 1989 Peak
20.  Owernship Costs Still Low in Toronto
21.  Housing Starts Will Remain Strong
22.  Rising New Home Prices
23.  Share of Multiples to Increase
24.  Condo Completions Growing
25.  Owner-Occupiers Most Prominent
26.  Developer-Held Inventory Low
27.  Demand for Existing Units Strong
28.  Rental Market is Tightening
29.  Rent Growth Close to Inflation