UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2004

¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from _______________ to _______________

333-62786
(Commission file number)

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(Exact name of small business issuer as specified in its charter)

Delaware	98-0354610
(State or other jurisdiction	(IRS Employer
of incorporation or organization)	Identification No.)

700 W. Pender Street, Suite 507
Vancouver, BC Canada V6C 1G8
(Address of principal executive offices)

(604) 669-1081
(Issuer's telephone number)

________________________________________________________________
(Former name, former address and former fiscal year, if changed since last report)

x Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

APPLICABLE ONLY TO CORPORATE ISSUERS

The number of shares outstanding of each of the issuer's classes of common equity.
As of April 4, 2005 there were 16,243,889 shares of Common Stock issued and outstanding.

Index

		Page Number

PART I.	FINANCIAL INFORMATION	1

Item 1.	Consolidated Financial Statements	1

	Consolidated Balance Sheets	2

	Consolidated Statements of Operations Three-Months and Nine-Months Ended September 30, 2003 and 2004 and from the Company's inception (March 27, 1997) through September 30, 2004	4

	Consolidated Statements of Cash Flows Three-Months and Nine-Months Ended September 30, 2003 and 2004 and from the Company's inception (March 27, 1997) through September 30, 2004	5

	Notes to (Unaudited) Consolidated Financial Statements	7

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	14

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15

Item 4.	Controls and Procedures	16

PART II.	OTHER INFORMATION	17

Item 1.	Legal Proceedings	17

Item 2.	Change in Securities and Use of Proceeds	17

Item 3.	Defaults Upon Senior Securities	17

Item 4.	Submission of Matters to a Vote of Security Holders	17

Item 5.	Other Information	17

Item 6.	Exhibits and Reports on Form 8-K	17

SIGNATURES		18

PART I - FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS

		December 31,			September 30,
		2003			2004
					(Unaudited)
Assets

Current Assets
Cash	$	143,718		$	8,786
Employee advance		2,317			-
Loan receivable - related party		2,492			3,275
Receivable - other		927			-
Prepaid expenses		1,792			1,632

Total current assets		151,246			13,693

Property and Equipment
Land		400,000			400,000
Trucks		28,957			29,525
Furniture and equipment		183,887			276,965
Property held under capital leases		12,094			12,331
Leasehold improvements		1,570			1,602
		626,508			720,423
Less accumulated depreciation		(141,137	)		(173,348	)
		485,371			547,075
Construction in progress		937,645			1,028,850

Total Property and Equipment - Net		1,423,016			1,575,925

Other Assets
Intangible assets subject to amortization:
Patents		9,758			9,263

Total Assets	$	1,584,020		$	1,598,881

The accompanying notes are an integral part of the consolidated financial statements.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS

		December 31,			September 30,
		2003			2004
					(Unaudited)
Liabilities and Stockholders' Equity

Current Liabilities
Rent payable	$	290,366		$	283,985
Legal fees payable		133,412			146,770
Accounts payable		9,102			35,221
Accrued compensation		-			370,905
Payroll taxes payable		2,645			21,024
Loans payable - other		15,612			15,612
Current maturities of obligations under capital leases		2,539			2,800
Current maturities of long-term debt		113,450			119,693

Total Current Liabilities		567,126			996,010

Long-term debt and obligations under capital leases		7,697			5,743

Total Liabilities		574,823			1,001,753

Stockholders' Equity
Common Stock, $.001 par value ; authorized
100,000,000 shares; issued and outstanding
15,677,896 shares as of December 31, 2003, and
15,859,111 shares as of September 30, 2004		15,678			15,859
Additional paid-in capital		8,237,056			9,606,653
Deficit accumulated during the development stage		(7,252,781	)		(9,031,849	)
Other comprehensive income		9,244			6,465

Total Stockholders' Equity		1,009,197			597,128

Total Liabilities and Stockholders' Equity	$	1,584,020		$	1,598,881

The accompanying notes are an integral part of the consolidated financial statements.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS

														From Inception
		For the Three-Months Ended						For the Nine-Months Ended						March 27, 1997
		September 30,						September 30,						Through
		2003			2004			2003			2004			Sept. 30, 2004
		(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Income	$	-		$	-		$	-		$	-		$	-

Operating Expenses
General and administrative expenses		(245,235	)		(272,695	)		(743,370	)		(1,237,412	)		(5,037,950	)
Compensation and consulting expense
incurred on stock option grants		-			(178,747	)		-			(536,241	)		(3,550,115	)
Loss on disposition of assets		-			-			-			-			(358,361	)
Loss on impairment of goodwill		-			-			-			-			(30,000	)

Loss From Operations		(245,235	)		(451,442	)		(743,370	)		(1,773,653	)		(8,976,426	)

Other Income (Expenses)
Commission income		-			-			2,917			-			2,917
Interest income		-			18			180			18			4,258
Interest expense		(14,945	)		(1,793	)		(26,532	)		(5,433	)		(62,598	)

	$	(260,180	)	$	(453,217	)	$	(766,805	)	$	(1,779,068	)	$	(9,031,849	)

Basic and Diluted Loss Per Share	$	(0.02	)	$	(0.03	)	$	(0.05	)	$	(0.11	)


Weighted Average Common
Shares Outstanding		15,544,509			15,841,843			15,499,889			15,786,285

The accompanying notes are an integral part of the consolidated financial statements.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF CASH FLOWS

														From Inception
		For the Three-Months Ended						For the Nine-Months Ended						March 27, 1997
		September 30,						September 30,						Through
		2003			2004			2003			2004			Sept. 30, 2004
		(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Cash Flows from Operating Activities
Net loss	$	(260,180	)	$	(453,217	)	$	(766,805	)	$	(1,779,068	)	$	(9,031,849	)
Adjustments to reconcile net loss to net cash
used in operating activities:
Issuance of common stock for services		-			-			3,000			5,875			22,375
Issuance of common stock in
Company's organization		-			-			-			-			1,000
Compensation recognized on stock option grants		-			178,747			-			536,241			3,550,115
Loss on disposition of assets		-			-			-			-			358,749
Loss on impairment of goodwill		-			-			-			-			30,000
Depreciation and amortization		12,102			7,550			34,724			29,979			162,486
(Increase) decrease in assets
(Increase) decrease in prepaid expenses		-			63			12,130			189			(1,611	)
(Increase) decrease in other assets		3,347			(83	)		-			3,113			22
Increase (decrease) in liabilities
Increase in accrued compensation		-			76,221			-			370,905			370,905
Increase in trade and other payables		1,208			13,333			57,090			88,069			517,508

Net Cash Used in Operating Activities		(243,523	)		(177,386	)		(659,861	)		(744,697	)		(4,020,300	)

Cash Flows from Investing Activities
Net proceeds from sale of timber and truss plant		-			-			-			-			211,639
Insurance proceeds on equipment theft		-			-			-			-			252
Acquisition of equipment and other property		(21,481	)		(2,385	)		(167,764	)		(212,304	)		(1,129,542	)

Net Cash Used in Investing Activities		(21,481	)		(2,385	)		(167,764	)		(212,304	)		(917,651	)


Cash Flows from Financing Activities
Gross proceeds from private stock offerings		271,865			168,199			754,359			877,631			5,185,303
Costs incurred in stock offerings		(10,026	)		(7,367	)		(53,557	)		(49,970	)		(352,144	)
Advances from officer		110			-			-			-			129,810
Principal reduction on obligation under capital leases		(279	)		(652	)		(685	)		(1,837	)		(3,553	)
Proceeds from loans		-			-			3,363			-			144,668
Loan repayments to officer		-			-			-			-			(127,382	)
Purchase of treasury stock		-			-			-			-			(35,000	)

Net Cash Provided by Financing Activities		261,670			160,180			703,480			825,824			4,941,702

Effect of Exchange Rates on Cash		(93	)		254			7,616			(3,755	)		5,035

Net Increase (Decrease) in Cash and Cash
Equivalents		(3,427	)		(19,337	)		(116,529	)		(134,932	)		8,786

Beginning Balance - Cash and Cash Equivalents		68,229			28,123			181,331			143,718			-

Ending Balance - Cash and Cash Equivalents	$	64,802		$	8,786		$	64,802		$	8,786		$	8,786

The accompanying notes are an integral part of the consolidated financial statements.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)
STATEMENTS OF CASH FLOWS

Supplemental Information:

Non-cash Investing and Financing Activities:

During the three-months ended September 30, 2004, the Company issued 1,569 shares of its common stock in consideration for services rendered in connection with the Company's public offering. The issued shares were valued at $7,845.

During the three-months ended September 30, 2003, the Company financed the entire purchase of computer equipment with a total cost of $7,748. In addition, during the same three months, the Company issued 300 shares on connection with its public offering. The shares were valued at $1,500.

Cash Paid For:

										From Inception
		For the Three-Months Ended				For the Nine-Months Ended				March 27, 1997
		September 30,				September 30,				Through
		2003		2004		2003		2004		Sept. 30, 2004
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Interest Expense	$	198	$	459	$	506	$	1,518	$	3,523

Income Taxes	$	-	$	-	$	-	$	-	$	-

The accompanying notes are an integral part of the consolidated financial statements.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)

NOTES TO (UNAUDITED) CONSOLIDATED FINANCIAL STATEMENTS

Note 1

Summary of Significant Accounting Policies

Basis of Presentation

The Company's consolidated financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business.

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, the Company has not generated any income and continues to have recurring operating losses. This matter raises substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Realization of a major portion of the assets in the accompanying consolidated balance sheet is dependent upon the Company’s ability to meet its financing requirements, and the success of its future operations. Management continues to raise funds through private offerings and is still seeking manufacturing contracts. Management believes that these sources of funds and current liquid assets will allow the Company to continue as a going concern. However, no assurances can be made that current or anticipated sources of funds will enable the Company to finance future periods’ operations.

In the opinion of the Company's management, the accompanying unaudited consolidated financial statements contain all adjustment (consisting of normal recurring accruals) necessary to present fairly the financial position of the Company as of September 30, 2004, and the results of its operations and cash flows for the three-month and nine-month periods ended September 30, 2003 and 2004. The operating results of the Company on a quarterly basis may not be indicative of operating results for the full year. Reference should be made to Canadian Rockport Homes International, Inc.’s (the "Company") Form 10-K for the year ended December 31, 2003, for additional disclosures including a summary of the Company's accounting policies, which have not significantly changed.

Business Activities and Related Risks

Canadian Rockport Homes International, Inc was incorporated in Delaware on January 10, 1996 under the name, Lenz Products, Inc. The Company changed its name to Canadian Rockport Homes International, Inc. in early 2001.

The Company is in the development stage as defined in FASB Statement 7 and currently has plans to manufacture and erect low cost concrete modular buildings. The Company has not paid any dividends and any dividends which may be paid in the future will depend on the financial requirements of the Company and other relevant factors.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)

NOTES TO (UNAUDITED) CONSOLIDATED FINANCIAL STATEMENTS

In February 2001, the Company acquired all of the outstanding shares of Canadian Rockport Homes, Ltd., (“CRH”), a company incorporated in the Province of British Columbia on March 26, 1997, in exchange for issuing 11,300,000 shares of its common stock. For financial reporting purposes, the acquisition was treated as a reverse acquisition whereby CRH’s operations continue to be reported as if it had actually been the acquirer. Assets and liabilities continue to be reported at the Acquiree’s historical cost because before the reverse acquisition, the Company had nominal assets, liabilities and operations.

The Company also formed a subsidiary in 2001 in Chile under the name Rockport Homes Chile Limitada (“RHCL”). The Company and CRH are the sole shareholders of this Chilean company.

In 2002, the Company acquired certain assets of 598546 BC Ltd., which included 100% of the outstanding shares of Canadian Rockport Trading Limitada, a Chilean corporation, formerly Maderas Doradas Canadienses, S.A. (“RT”). At the time of its acquisition, RT had no operations. During the year, the Company sold all of the assets of RT except for the acquired building and land on which the Company is building its Chilean plant and offices.

For ease in administration and to reduce costs, the Company in 2003 decided to dissolve RHCL and operate its Chilean operations solely through RT, which currently owns significantly all of the Company’s Chilean assets. The dissolution of RCHL was finalized on January 15, 2005.

Principles of Consolidation

The accompanying financial statements include the accounts and transactions of Canadian Rockport Homes International, Inc. and its wholly owned subsidiaries, Canadian Rockport Homes, Ltd. Rockport Homes Chile Limitada and Canadian Rockport Trading, Limitada. Intercompany transactions and balances have been eliminated in consolidation.

Foreign Currency Translations

For foreign operations whose functional currency is the local foreign currency, balance sheet accounts are translated at exchange rates in effect at the end of the year and income statement accounts are translated at average exchange rates for the year. Translation gains and losses are included as a separate component of stockholders’ equity.

Property and Equipment

The cost of property and equipment is depreciated over the estimated useful lives of the related assets that range from 3 to 7 years. Depreciation is computed on the straight-line method for financial reporting purposes and for income tax reporting purposes. Depreciation expense for the three months ended September 30, 2003 and 2004 was $ 11,597 and $7,907, respectively. Depreciation expense for the nine months ended September 30, 2003 and 2004 was $ 33,882 and $29,565, respectively.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)

NOTES TO (UNAUDITED) CONSOLIDATED FINANCIAL STATEMENTS

Intangible Assets

Patents are being amortized over their respective remaining lives of 18 years. Amortization expense for the three-months ended September 30, 2003 and 2004 was $167, and $173, respectively. Amortization expense for the nine-months ended September 30, 2003 and 2004 was $501and $508, respectively.

Intangible assets consist of the following:

		September 30, 2004
							Weighted
		Gross				Net	Average
		Intangible		Accumulated		Intangible	Life
		Assets		Amortization		Assets	(Years)


Patents	$	11,578	$	2,316	$	9,263	18

		September 30, 2003
							Weighted
		Gross				Net	Average
		Intangible		Accumulated		Intangible	Life
		Assets		Amortization		Assets	(Years)


Patents	$	11,545	$	1,787	$	9,758	18

Estimated amortization expense for each of the next five years ended September 30, is as follows:

2005	$	674
2006		674
2007		674
2008		674
2009		674
Total	$	3,370

Net Loss Per Share

The Company adopted Statement of Financial Accounting Standards No. 128 that requires the reporting of both basic and diluted earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. In accordance with SFAS 128, any anti-dilutive effects on net earnings (loss) per share are excluded.

Issuances Involving Non-cash Consideration

All issuances of the Company’s stock for non-cash consideration have been assigned a dollar amount equaling either the market value of the shares issued or the value of consideration received, whichever is more readily determinable. The majority of the non-cash consideration received pertains to services rendered by consultants and others.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)

NOTES TO (UNAUDITED) CONSOLIDATED FINANCIAL STATEMENTS

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Income Taxes

Provisions for income taxes are based on taxes payable or refundable for the current year and deferred taxes on temporary differences between the amount of taxable income and pretax financial income and between the tax bases of assets and liabilities and their reported amounts in the financial statements. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled as prescribed in FASB Statement No. 109, "Accounting for Income Taxes". As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.

Fair Value of Financial Instruments

Pursuant to SFAS No. 107, “Disclosures About Fair Value of Financial Instruments”, the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of June 30, 2004. The Company considers the carrying value of such amounts in the financial statements to approximate their face value.

Note 2

Recent Accounting Pronouncements

The FASB recently issued the following statements:

In December 2004, the FASB issued FASB Statement No. 153, exchanges of Nonmonetary Assets which is an amendment of APB Opinion No. 29. The amendments made by Statement 153 are based on the principle that exchanges of nonmonetary assets should be measured based on the fair value of the assets exchanged. Further, the amendments eliminate the narrow exception for nonmonetary exchanges of similar productive assets and replace it with a broader exception for exchanges of nonmonetary assets that do not have "commercial substance." Previously, Opinion 29 required that the accounting for an exchange of a productive asset for a similar productive asset or an equivalent interest in the same or similar productive asset should be based on the recorded amount of the asset relinquished. The provisions in Statement 153 are effective for nonmonetary asset exchanges occurring in fiscal periods beginning after June 15, 2005. Early application is permitted and companies must apply the standard prospectively. The Company adopted this statement on January 1, 2005. The adoption of the statement should not cause a significant change in the current manner in which the Company accounts for its exchanges of nonmonetary assets.

In December 2004, the FASB issued FASB Statement No. 152, Accounting for Real Estate TimeSharing Transactions - An Amendment of FASB Statements No. 66 and 67. This standard amends FASB Statement No. 66, Accounting for Sales of Real Estate, by referring users to AICPA Statement of Position (SOP) 04-2, Accounting for Real Estate Time-Sharing Transactions.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)

NOTES TO (UNAUDITED) CONSOLIDATED FINANCIAL STATEMENTS

	Statement 152 also amends FASB Statement No. 67, Accounting for Costs and Initial Operations of Real Estate Projects, to state that the guidance for "incidental operations" and costs incurred to sell real estate projects does not apply to real estate time-sharing transactions. Statement 152 is effective for financial statements for fiscal years beginning after June 15, 2005. This statement is not applicable to the Company’s current operations. The FASB has issued FASB Statement No. 123 (Revised 2004), Share-Based Payment. The new FASB rule requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. This statement precludes the recognition of compensation expense under APB 25 intrinsic value method. Public entities other than small business issuers will be required to apply Statement 123R in the first interim or annual reporting period that begins after June 15, 2005. Management believes that the adoption of the statement will not have a significant impact on its current operations and plans to adopt this statement on July 1, 2005. On November 24, 2004, the FASB issued FASB Statement No. 151, Inventory Costs - An amendment of ARB No. 43, Chapter 4. Statement 151 clarifies that abnormal amounts of idle facility expense, freight, handling costs and spoilage should be expensed as incurred and not included in overhead. Further, Statement 151 requires that allocation of fixed production overheads to conversion costs should be based on normal capacity of the production facilities. The provisions in Statement 151 are effective for inventory costs incurred during fiscal years beginning after June 15, 2005. Companies must apply the standard prospectively. Management plans on adopting this standard on April 1, 2006 and expects that that the adoption of the statement to have no impact on its current operations.

Note 3	Accrued Compensation On January 1, 2004, the Company entered into employment, consulting, and other related contracts with its management and personnel. Under the terms of these various agreements, the Company is obligated to pay on a monthly basis approximately $82,000 in compensation. Due to the Company’s current cash flow requirements needed in the construction of its Chilean facility, monthly compensation currently being paid is approximately $41,000. The difference of approximately $41,000 a month is being accrued and will be paid when the Company has sufficient funds available. The terms of the contracts are for two years.

Note 4	Issuances of Common Stock During the nine-months ended September 30, 2004, the Company issued 175,867 shares of its common stock through a private offering in exchange for $877,631. In addition, during the nine month period, the Company issued 4,173 shares for consulting services in connection with the private offering valued at $20,865 and 1,175 shares for other services valued at $5,875.

Note 5	Payable to Related Parties In April 2002, two shareholders advanced $65,657 to the Company evidenced by two promissory notes that are assessed interest at an annual rate of 8%. The notes are due on demand. Under the terms of the notes, the Company issued 5,000 shares of its common stock to each lender at the time of repayment. The Company is imputing interest on the shares to be issued at a price of $5.00 per share. The imputed interest was charged to operations ratably over a one-year period, which Management believed to be the length of time that the loans will be outstanding. The balance of this obligation on September 30, 2004 totaled $119,693. Interest charged to operations for the nine months ended September 30, 2004 was $2,977.

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)

NOTES TO (UNAUDITED) CONSOLIDATED FINANCIAL STATEMENTS

Note 6

Leases

The Company is a lessee of computer equipment under three capital leases expiring through August 28, 2007. The equipment and respective liabilities under these leases have been recorded at the fair value of the equipment and are being amortized over the estimated five-year useful life of the equipment. Amortization of equipment under the capital leases is included in depreciation expense for the nine months ended September 30, 2004.

Following is a summary of the property held under the capital leases at September 30, 2004:

Computer equipment	$	12,331
Less: accumulated depreciation		(4,622	)

	$	7,709

Minimum future lease payments under the capital lease over its remaining life are as follows for the years ended September 30:

2005	$	4,634
2006		3,846
2007		3,092
2008		356
		11,928

Less imputed interest		(3,385	)

Present value of net minimum lease payments	$	8,543

On March 7, 2001, the Company entered into an agreement for the lease of certain real property in Chile where the Company plans to build its plant. The lease is for twenty-four months commencing April 7, 2001. The monthly rent is $31,297. At the maturity of the lease, the Company had the option to acquire the property for $4,580,000. The Company paid $95,151 in commission and legal fees pertaining to the lease that have been capitalized were amortized over life of the lease. The balance due on this lease as of September 30, 2004 amounted to $283,985. The Company’s RCHL subsidiary has not made any payments towards this obligation since April 2002 and was in default under the terms of the lease agreement as of September 30, 2004.

In addition, the Company leases its Vancouver, B.C. office on a long-term lease expiring on December 31, 2006, payable in monthly installments of approximately $6,000.

Future minimum lease commitments pertaining to the Vancouver office lease expire as follows:

September 30, 2005	$	73,358
September 30, 2006		73,358
September 30, 2007		18,339

Total future minimum lease payments	$	165,055

CANADIAN ROCKPORT HOMES INTERNATIONAL, INC.
(A Development Stage Company)

NOTES TO (UNAUDITED) CONSOLIDATED FINANCIAL STATEMENTS

Note 7

Subsequent Events

As discussed in Note 1 the dissolution of RCHL was finalized on January 15, 2005. Pursuant to guidance from legal counsel, it is management’s belief that the related liabilities associated with this lease were extinguished in this dissolution. The total lease liability that was extinguished in 2005 included the $283,985 lease obligation reflected in the September 30, 2004 financial statements.

From October 1, 2004 through April 4, 2005, the Company received $1,903,825 through the issuance of 380,765 shares of its common stock and issued an additional 4,013 shares to various consultants for services, which were valued at $20,065.

Canadian Rockport Homes International, Inc.

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Results of Operations for the Three-Months Ended September 30, 2004 and 2003

From the Company’s inception, it has been in the development stage and has not commenced principal operations. During 2004, the Company is continuing the construction of its plant in Chile.

General and administration costs were $272,695 and $245,235, respectively, for the three-month periods ended September 30, 2004 and 2003.

Of the $272,695 incurred during the third quarter of 2004, $45,156 was incurred in the Company’s Chilean operations. The remaining $227,539 pertained to costs incurred in operating its Canadian offices and general administration.

The major expenses incurred in Chile during the third quarter of 2004 consisted of rent amounting to $3,947, salaries and related expenses totaling $29,831, professional fees of $1,826, depreciation of $2,152 and telephone and utilities of $2,187.

Other general expenses incurred in operating the Company’s Canadian offices during the third quarter of 2004 consisted of compensation and related costs of $205,539 (of which $80,610 has been accrued), depreciation expense of $8,648, rent of $19,082, and professional fees of $10,039. A total of $25,000 was received in the third quarter for reimbursement of travel and due diligence costs incurred in analyzing the feasibility of establishing manufacturing facilities in Ghana.

Of the $245,235 general and administration costs incurred during the third quarter of 2003, $113,466 was incurred in the Company’s Chilean operations. The remaining $131,769 pertained to costs incurred in operating its Canadian offices and general administration.

The major expenses incurred in Chile during the third quarter of 2003 consisted of salaries and related expenses totaling $56,170, depreciation expense of $5,345, rent amounting to $2,734, professional fees of $2,146, property taxes of $3,373 and travel expense of $22,811.

Other general expenses incurred in operating the Company’s Canadian offices during the third quarter of 2003 consisted of salaries and related payroll costs of $41,756, consulting fees of $15,857, professional fees of $23,157, rent of $18,158, depreciation expense of $5,755, telephone of $6,339 and office expense of $4,398.

Results of Operations for the Nine-Months Ended September 30, 2004 and 2003

General and administration costs were $1,237,412 and $743,370, respectively, for the nine-month periods ended September 30, 2004 and 2003.

Of the $1,237,412 incurred during the first nine months of 2004, $164,225 was incurred in the Company’s Chilean operations. The remaining $1,073,187 pertained to costs incurred in operating its Canadian offices and general administration.

The major expenses incurred in Chile during the first nine months of 2004 consisted of rent amounting to $10,817, salaries and related expenses totaling $93,134, professional fees of $9,678, office expense of $2,524, plant maintenance of $7,407, depreciation of $3,686, Chilean taxes of $15,637 and telephone and utilities of $14,008.

Other general expenses incurred in operating the Company’s Canadian offices during the first nine months of 2004 consist of compensation and related costs of $785,178 (of which $370,905 has been accrued), professional fees of $100,429, depreciation expense of $25,879, rent of $50,048, telephone of $14,134, office expense of $12,373, and travel expenses of $41,010.

Of the $743,370 incurred during the first nine months of 2003, $294,389 was incurred in the Company’s Chilean operations. The remaining $448,981 pertained to costs incurred in operating its Canadian offices and general administration.

The major expenses incurred in Chile during the first nine months of 2003 consisted of salaries and related expenses totaling $130,134, professional fees of $10,128, plant rental expense of $14,186, depreciation expense of $21,381 and travel expense of $39,444.

Other general expenses incurred in operating the Company’s Canadian offices during the first nine months of 2003 consisted of compensation and related costs of $175,842, consulting fees of $44,164, professional fees of $33,549, advertising and promotion of $32,304, rent of $53,021, telephone of $14,618, depreciation expense of $12,501 and office supplies of $12,762.

Liquidity and Capital Resources

Cash and cash equivalents as of September 30, 2004 and 2003 were $8,786 and $64,802, respectively.

During the nine months ended September 30, 2004, the Company received a total of $877,631 through the sale of 175,867 shares of its common stock. During the same period, the Company paid $744,697 in its operations, paid $209,770 towards the construction of the Chilean plant, paid $2,534, for the purchase of office equipment, paid $49,970 in costs associated with its public offering, and made principal payments on its equipment leases totaling $1,837.

During the nine months ended September 30, 2003, the Company received net proceeds of $757,902, of which $754,359 was received through the sale of 150,606 shares of the Company’s common stock, $3,363 was a repayment of an advance to an unrelated third party and $180 in interest. Of the amount received, $660,041 was used in the Company’s operations, $167,764 was used in the construction of its Chilean plant and for the purchase of other equipment, $685 reduction in the principal balance due on the purchase of computer equipment, and $53,557 was used in connection with the Company’s public offering.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Canadian Rockport Homes International, Inc. may be subject to market risk in the form of interest rate risk and foreign currency risk. Canadian Rockport Homes International, Inc. is a development stage company with limited operations to date, and neither interest rate nor foreign currency has had a material impact on such operations.

The Company's exposure to interest rate changes primarily relates to long-term debt used to fund future property acquisitions. Management's objective is to limit any impact of interest rate changes and may include any borrowing to be negotiated at fixed rates. Although interest rate changes have had no material affect on operations to date, management must continually evaluate such rates as manufacturing operations commence, corporate profitability is achieved, and expansion is being considered. The Company may also establish lines of credit through traditional banking venues to insure liquidity during future periods of growth, and may consider fixed or variable rate bank lines consistent with any fluctuation of interest rates at the time of such growth.

The Company's exposure to foreign currency exchange requires continuing management attention to the stability of the countries in which operations may be planned, as well as trade relations between the selected country(s) and Canada. Both trade relations and stability as pursuant to planned operations in Chile are currently favorable. Canadian Rockport Homes International, Inc. will continue to comprehensively evaluate conditions in countries where operations are in place and where future operations are planned, and will take any measures feasible at the time to minimize foreign currency risk. Such measures may include, but are not limited to a reduction in operations or relocating a portion of operations to a more favorable environment.

Item 4. Controls and Procedures

Evaluation of disclosure controls and procedures. The Company maintains a system of internal controls and procedures designed to provide reasonable assurance as to the reliability of the Company's published consolidated financial statements and other disclosures included in this report. Within the 90-day period prior to the date of this report, the Company's Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of the design and operation of the Company's disclosure controls and procedures pursuant to Rule 13a-14 of the Securities Exchange Act of 1934. Based upon that evaluation, the Company's Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures are effective to ensure that the Company is able to collect, process and disclose the information it is required to disclose in the report it files with the Securities and Exchange Commissions within the required time periods.

Changes in internal controls. Since the date of the most recent evaluation of the Company's internal controls by the Company's Chief Executive Officer and Chief Financial Officer, there have been no significant changes in such controls or in other factors that could have significantly affected those controls, including any corrective actions with regard to significant deficiencies and material weaknesses.

Canadian Rockport Homes International, Inc.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 2. Changes in Securities and Use of Proceeds

During the three-months ended September 30, 2004, the Company received a total of $168,199 through the sale of 33,309 shares of the Company’s common stock. During the same period it issued 1,569 shares of its common stock for services rendered in connection with its public offering All shares issued for non-monetary consideration were valued at $5.00 per share.

During the period from October 1, 2004 through April 4, 2005, the Company issued 380,765 shares of its common stock in exchange for $1,903,825 and issued 4,013 shares of its common stock for services valued at $20,065.

Item 3. Defaults Upon Senior Securities

None

Item 4. Submission of Matters to a Vote of Security Holders

Not applicable

Item 5. Other Information

None

Item 6. Exhibits and Reports on Form 8-K

Exhibits

Canadian Rockport Homes International, Inc. includes herewith the following:

	Number	Description

	31.1	Certification of Principal Executive Officer pursuant to Section 302

	31.2	Certification of Principal Accounting Officer pursuant to Section 302

	32.1	Certification of Principal Executive Officer pursuant to Section 1350

	32.2	Certification of Principal Accounting Officer pursuant to Section 1350

The following documents are incorporated by reference, as noted in each description, to this report:

	Number	Description

	3 (a)	Articles of Incorporation of the registrant (filed as Exhibit 3.1 to the registrant's Registration Statement on Form S-1 (Number 333-62786) as amended, filed October 30, 2001), and incorporated herein by reference.

	3 (b)	Bylaws and Amendments of the registrant (filed as Exhibit 3.5 to the registrant's Registration Statement on Form S-1 (Number 333-62786) as amended, filed October 30, 2001), and incorporated herein by reference.

Reports on Form 8-K

No filings were made during the period covered by this report.

Canadian Rockport Homes International, Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Canadian Rockport Homes International, Inc.
	Registrant

Date: April 11, 2005	By:	/s/ William R. Malone, CEO
		William R. Malone, CEO

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Date: April 11, 2005	By:	/s/ William R. Malone, President
		William R. Malone, President and Director

Date: April 11, 2005	By:	/s/ Shannon Downs, Secretary/Treasurer
		Shannon Downs, Secretary/Treasurer and
		Director

Date: April 11, 2005	By:	/s/ Nelson Riis, Director
		Nelson Riis, Director

CANADIAN ROCKPORT HOMES INTERNATIONAL INC 10-Q