Even during the housing collapse, this was a pretty insulated market.

Because of the limited availability of financing in area like Latin America, property prices haven't been artificially overinflated by cheap debt, whereby they're much closer to their true value and won't collapse like they did in the US following the mortgage meltdown of the last decade.Nevertheless, Bruce, you're making some valid points which I could have made in my first answer but didn't.

Not only does the data suggest a very low likelihood of the housing market collapsing, but in-action is not going to lead to results.Now, an important question: why might people not choose to act?

We didn't see any collapsed structures and only a handful of exposed plywood on roofs where shingles and underlayment were torn off.

Most of the area will be uninhabitable for weeks or months.5(major)157 mph or higherCatastrophic damage will occur: A high percentage of framed homes will be destroyed, with total roof failure and wall collapse.

Is the Canadian housing market at risk of experiencing a 2008-type collapse?

We nearly collapsed the neighboring house which shared a party wall.

The real danger is structural collapse. 

@Brady Stout I’m in a resort area in New Hampshire and we keep our decks clear of snow simply for the reason of snow load and the fear that eventually under enough weight they will either pull away from the house or collapse.

Many of them aren't who they say they are and will collapse a deal if you don't have a back-up buyer / plan.