Vancouver is the global financial centre with the riskiest housing bubble.
This from Swiss bank UBS, which has released it’s “2016 Bubble Index.”
It looks at the state of the property markets around the world and ranks them according to the risk of “bubble” status.
The report found Vancouver has the greatest probability of a bubble.
CKNW business analyst Rob Levy says none of the top six cities were within in the United States.
“So interesting to note that currencies like the pound, Aussie or Canadian dollar that have seen weakness against the US in the last couple of years have been the ones that have seen the largest appreciation.”
The report shows house prices within Vancouver have increased by almost 50 per cent since 2011.
UBS also pointed out that Vancouver prices were unaffected by the financial crisis in 2008.
Vancouver takes the top spot, followed by London and the Swedish capital, Stockholm.
The UBS research was compiled before the 15 per cent foreign buyers tax was introduced last month.