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A hot housing market that almost makes Canada’s look tepid Add to ...

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A host of concerned regulators, finance officials and debt monitors are raising so many alarms about overheated real estate markets in Canada, Asia and Europe that you have to wonder if their main motive is to atone for missing such signals in the months leading up to the Great Financial Crisis.

Then comes the question of whether they can steer helium-filled housing balloons to a gentle landing. And the track record doesn’t look promising.

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