While the plunge in the price of oil has certainly hurt the overall Canadian economy and the value of our loonie, it is providing a definite silver lining as far as Eastern Canadian real estate markets are concerned, especially those in Ontario. That's because it has triggered a shift of economic activity from West to East, and with that a "reverse migration" of people will occur. Also the strengthening U.S.economy will provide a big lift to manufacturing exporters, the bulk of which are located in Ontario. The low dollar will help boost even more export sales. All of this is great news for Ontario's employment situation. Finally, the oil patch woes caused the Bank of Canada to cut interest rates at a time when everybody thought they would finally be increasing. It all adds up to a "perfect positive storm" for Ontario real estate!