In May, house prices in Vancouver rose 30% year on year. This is 15% more than at the end of 2015 - on AMarkets materials.
According to BusinessInsider, house prices in Toronto are growing monthly pace of 15% year on year. Six months ago, the rate was modest - about 10%.
Schedule - dynamics of growth of house prices index in Vancouver, Toronto and other Canadian cities:
At the same time, Canadian realtors warn - prices will stop growing and begin to decline soon. 20% decline in prices for overpriced housing market in most of the resulting defaults on the local mortgage market. Who stirs up the current "bubble"? Apparently, the Chinese. And the Iranians. While they will be buying - the market will not fall. Who in the Canadian market, home prices are rising not only in the areas of fashion, but also new kind of Ontario. Another point ... Prices in the major Canadian cities are growing for more than 20 years. In addition to the market fell, someone should start selling in large quantities. Who will sell, if everyone in the conditions of increased nervousness and uncertainty need to "park" cash capital? No one. And who in this situation to believe that the market is overheated?