http://www.msn.com/en-us/money/realestate/biggest-real-estate-bubble-isnt-in-london-san-francisco-or-new-york/ar-BBwP6VD
Vancouver is number 1 on this list.
Stockholm, Sydney, Munich and Hong Kong are also at risk of a sharp correction in house prices. In the past five years, house prices in these cities have increased by almost 50% on average, according to the UBS report published this week
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