In an article on its website, Canal ARGENT cites a Scotiabank Scotia Economics report which compares the health of the Canadian property market with that of other countries. According to the report: “The new downturn in global economy is piling pressure on a residential property market already weakened throughout the developed world, but Canada is coming through it pretty well.” The report specifies that only three countries have observed an increase in property prices over a year: Canada, France and Switzerland.