In other words, economic forecasters have been wrong regarding housing prices pretty much every year for the last decade.

Dismal science, indeed.

Thing is, they just might be right this time. Once cap-and-trade fees and carbon taxes come into effect, that will further depress consumer confidence and discretionary spending while increasing stresses on household finances. The net effect will likely be a slowdown in housing sales with the exception of overseas buyers which - finally, a decade too late - the government is finally beginning to take as a serious threat.