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Record High Prices vs. Housing Bubble

A series of articles regarding Canadian housing prices, mortgage rates, real estate bubbles have been published on Globe and Mail in the last few days. Again raising the questions whether our recovered (even considered "HOT") real estate market is a housing bubbles or the real thing. You be the judge:

Five Warning Signs of A Bubble 

New Home Price Rise Fuels Bubble Debate 

Home Prices on course to hit record highs in 2010  

However, I remember the last time when Vancouver had a world event like this (think 1988 Expo), the real estate market exploded afterwards. Obviously the economic conditions are much different today. 

At the end, the one who thinks ahead, planned ahead, has the guts to take some risks would generally come out ahead.