As a Realtor , I am often approached by concerned people trying to get accurate information about the current market conditions . National news services frequently post dramatic headlines such as "Canadian real estate on fire!" or " Canada's property market due for a 15% correction!" . It is necessary to understand that this information may not be relevant for our market , and takes into account large metropolitan centers that have more volitile tendancies. Because of their sheer size, 3 or 4 cities can skew the appearance of the overall market. Real estate markets are always local, and our market often trends in a different direction and at a differnet pace than the nation overall . A Realtor in the market you plan to buy or sell is always the best and most up to date source of information on your local market. The markets move quickly and it is important to have a relationship with a professional you trust!