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UBS: These 6 housing markets around the world are closest to a bubble

Vancouver's housing market is more likely to be in a bubble than any other major city in the world, according to UBS Wealth Management. The bank's economists published their 2016 Real Estate Bubble Index for select cities on Monday. The UBS economists say that Vancouver is in a bubble because the rise in that city's house prices has been substantial, and the current levels are well above what homes are really worth.
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