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Here are some highlights from a press release today promoting CMHC’s issue of their Observer publication: Strong employment and income growth continued to bolster homeownership

      demand in Canada. The rate of homeownership in Canada rose to 68.4 per       cent in 2006, the largest increase between censuses dating back to 1971. 

In 2007, housing-related spending contributed close to $300 billion to

      the Canadian economy.

Mortgage arrears in Canada remain low. In 2007, slightly more than a       quarter of one per cent of Canadian households (0.26 per cent) fell

      three or more months behind in their mortgage payments.

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