Canadian housing markets are changing swiftly, but with interest rates at historic lows, this might be a good time to buy. Here are all the factors to consider. If you have dine the math and are confident about your financial ability, this is a great opportunity to take advantage of low-interest rates. High-level data from real estate boards and financial institutions can provide valuable perspective on how the housing market is performing. A good real estate agent can help you make an informed choice. Real estate is a long term investment. If you are looking to make short term, speculative investments, this is a particularly risky time to do that in real estate.