It’s rare to put a newspaper down these days without reading an article on the Canadian housing market; and even rarer to read something that does not suggest an imminent collapse. But, like any issue that is as broad and complex as housing, there is more than what meets the eye. A  closer analysis or scrutiny can help provide valuable perspective. BMO's special report, "Will Canada’s Housing Boom Forge On, Fizzle Out, or Flame Out?" demystifies some myths about the Canadian housing market.
My two cents: Rather then focusing on national housing market reports, an informed and intelligent home buyer should look more closely on what's going in his/her local market or the market he/she wants to invest in. A good start would be to speak with a local real estate salesperson/broker who works in the respective markets, day in and day out.