Both Canada and Australia are at the peak of real estate super booms.
Prices in both markets are more extended than most of America.
They are linked to Red China's super-expansion. Some of that money overflows into Vancouver and Sydney.
This is compounded by the pervasive belief that hard mineral exports will ever boom.
Such export led economies are always fated to suffer shocking let-downs when their big customer goes into recession.
Be wary -- long sustained booms cause even pigs to fly. Who can say which GC is next to drop?
