``You'll notice by the red arrow that I measure that this bubble started at the beginning of 2002. Home prices have gone up 290%, or 3.9 times since then. This bubble has extended more than nine years after the bubble peak in the U.S... And Vancouver, as bubbly as it is, is just a piece of the global real estate bubble that will start to burst over the next year as more and more cities like Singapore start to crack.''

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