Canadian Housing Market: Don't worry, be happy!

[Roy N.]

The more articles like this I read, the more I think it's time to build-up the reserves.

The value of Canadians' homes also continues to climb, despite a shrinking economy. Canada's Teranet-National Bank House Price Index was up 1.2 per cent in July.

In a Reuters poll released Wednesday, 20 analysts predicted this trend would continue. Canadian home prices will likely rise 5.2 per cent this year, they said, followed by two per cent in 2016 and 2.3 per cent in 2017.

Mark Hopkins, senior economist at Moody's Analytics, called Canada's housing market "bullet-proof."

Read the entire article here.

While the home-town media is still singing "Don't Worry, Be Happy", many with an external vantage point do not see things to be as promising this year.