Our housing market is blowing up here too in the US. Houses that would normally sell for just over $100k are going for close to $200K or more. It is nuts. The value you are getting for what you are paying is just not there. I would guess there has to be a direct correlation between that and the amount of money they are pumping out, but people just aren't seeing it. Or they don't care. Who knows!
RE: Are We In A Bubble Or Is It Incorrect Measurements