According to Global Property Guide's handy chart of inflation-adjusted price changes year over year, other places to watch for bubble action are:
Singapore at 35%
Hong Kong at 21%
Taiwan at 12%
Latvia at 9%
Israel at 9%
Finland at 9%
Global Property Guide has Australia at 15% (inflation adjusted) and Canada at 3% (nominal) in contrast to Greater Vancouver at 5.5% growth year over year according to the Greater Vancouver Real Estate Board September 2010 report.
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