Many of you will be intimately familiar with the massive real estate bubble still in the process of inflating in certain parts of Canada, particularly Vancouver.

The insanity of it all recently received a great deal of public attention when the following home was listed for $2.4 million earlier this year (it has since sold).

China is Buying Canada – Notes From a Gigantic Real Estate Bubble

If you’ve been following this story, you’ll also be aware that the primary driver behind the bubble is foreign investment, particularly Chinese. Of course, this isn’t a phenomenon unique to Canada, and as I noted in last year’s post, Welcome to Arcadia – The California Suburb Where Wealthy Chinese Criminals are Building Mansions to Stash Cash:

Read more“China is Buying Canada” – Notes From a Gigantic Real Estate Bubble