3 Ways the Housing Market Could Correct Image source: Getty Images The Canadian housing market is on a tear! House sales are up 70% this year. The price of an average Canadian house has jumped a whopping 30% over the past 12 months. You now need roughly $716,828 to afford an ordinary house across the country. Speculators and homeowners believe the boom could continue. After all, it’s been sustained for roughly two decades. Now there’s pent-up demand and record-low interest rates. The momentum in housing looks somewhat unstoppable. However, double-digit annual gains are simply unsustainable. Here are three ways the housing market could crash and how you can prepare for it.