Article content Housing markets in Canada have defied all predictions of doom and gloom since the onset of the pandemic. Those with a bearish housing market outlook keep pushing the timing of an imminent collapse forward, but their dismal forecasts to date have not materialized. That raises a question of just when will the housing “bubble” pop? Will it be this year, the next or sometime later? A related question is what would bring about such a reversal in the housing market? Would it be a regulatory change or a market reaction to quickly accelerating housing prices? Another possibility is that an economic downturn in the future brings all markets, including housing, down.