That’s Not A Bubble!

This is a bubble:

Prospective real-estate investors surge to the back of the room, submitting paperwork for offers on one or more units as agents in suits shout and gesture to clients, who anxiously pace the aisles. Three hours later, the 250-unit, C$85 million ($60 million) District Condos project is sold out and 170 people are added to a waiting list.

I thought San Francisco was crazy. Nah, Vancouver makes it look cheap:

Thanks to zero hedge (of course).

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