The reality is that there is no way to know whether a bubble in house prices, or the prices of any asset class, exists until it actually bursts.
http://www.theglobeandmail.com/report-on-business/rob-commentary/is-it-the-right-time-to-sell-your-house-look-at-the-historical-data/article24622541
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ASKING $1,328,000
16-4411 WILLIAMS ROAD, RICHMOND BC (click on image for details)
Photo courtesy of TOURISM VANCOUVER
Photo courtesy of TOURISM RICHMOND
Photo courtesy of CITY OF BURNABY
Photo courtesy of CITY OF NEW WESTMINSTER
Photo courtesy of CITY OF SURREY