Robert McLister·General·July 25, 2007Bubblicious Here’s an article about real estate bubbles from the Ottawa Business Journal. Among other points: Many economists believe home price increases above inflation are unsustainable long term. The average house in Vancouver costs over 70% of the average household’s income. In Ottawa, it’s 35%. Yale economics professor Robert Shiller says Vancouver has the the most “bubbly” real estate market in all of North America. TD says, “it is, by definition, impossible to identify a bubble before it bursts, since rational investors would refuse to hold any asset whose price was certain to fall.” Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.