Canada's most expensive private schools

While the subprime problem south of the border continues to eat away at America's housing markets, homeowners across Canada are enjoying strong sales. Those in cities like Calgary, which boasts a robust local economy thanks to the oil and gas sectors situated there, and Toronto, the country's financial headquarters, in particular, are reaping the rewards of a luxury housing boom.  Chew on this: Based on sales activity in the first half of 2007, the Canadian Real Estate Association expects total home sale transactions this year to rise by 8.1%. More notably on the rise, though, is the national average sales price. It increased from $276,646 Canadian dollars (approximately $283,216 U.S.) in July 2006 to $311,495 Canadian (approximately $318,893 U.S.) in July 2007, a whopping 13% percent. Much of this growth can be attributed to the country's thriving luxury market.