Part 3/13:
Canada leads the list, with Toronto scoring an alarming 2.24, the highest bubble risk globally, and Vancouver close behind at 1.7.
European cities such as Frankfurt (2.21) and Amsterdam (1.62) also show overvaluation.
Other notable high-risk areas include Hong Kong (1.71) and Sydney (just under bubble territory at 1.19).
Surprisingly, the U.S. stands out as having no major bubble risk, with valuations deemed reasonable compared to other parts of the world. Several markets like Sao Paulo, Milan, and Warsaw remain surprisingly inexpensive, offering potential opportunities for contrarian investors.