Worth the read, this article explains how Canada is not the only county dealing with a housing bubble. The Global Real House Price Index is now up a record 9.6%. Real home prices have spiked in Australia (23.2 per cent), Canada (21.4 per cent) and New Zealand (20.5 per cent) from year-ago levels. In contrast, residential real estate prices in Italy and Japan have only risen around two per cent, while Spain’s home price growth has been relatively flat (0.6 per cent).
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