Five countries with hot housing markets
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The Globe and Mail
A recovering economy and low interest rates push up housing costs, pricing many people out of the market and prompting the fear of a housing bubble. Sound familiar? The same scenario is playing out worldwide. Runaway home prices are dogging regulators in countries from Singapore and Israel to Australia. In some countries – such as Canada and New Zealand – governments are trying to deflate the bubbles by making it tougher to lend money to buyers with small down payments. Here are some countries where housing is hot: