From WSJ: As the U.S. struggles to get out of its housing slump, its neighbor to the north faces a different challenge: Canada’s housing recovery has been so rapid that some here are worrying about a bubble.

Last Wednesday, a housing-price index for Canada’s six biggest cities posted its seventh straight monthly gain, showing home prices in November are now back to their prerecession peak. Another broader measure shows the average home price in 2009 hitting a record. Home building has picked up too, with housing starts in December jumping to their highest level since October 2008…………………………………Full Article: Source

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