In the wake of much public discussion about the vulnerabilities of the Canadian housing market, CEOs and business leaders in the COMPAS business panel were asked about where in real estate they would recommend investing. Despite much lower prices in the U.S., panelists did not recommend going south of the border. They recommended instead

• Canada's most important city, Toronto;
• Saskatchewan given its current and prospective boom; and
• Alberta, for long an economic magnet.

These are the key findings from this past week's Internet survey of CEOs and business leaders on the COMPAS panel. Next week's report looks in some detail at panelists' perceptions of upward and downward pressures on real estate prices and estimates of a downturn.The weekly business survey is undertaken for Canadian Business magazine.

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