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CMHC Finds Irrational Exuberance in Vancouver & Toronto

There is much to learn from financial mania’s. In particular, the role of human behaviour responsible for inflating asset prices to previously unimaginable heights. Economist Robert Schiller has done some excellent work on this topic in his book Irrational Exuberance. In essence, Schiller highlights a few key themes. Mainly that real estate booms seem just […]

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