Judging from the pictures, I'd say that Vancouver BC is now more bubble-riffic than California was at the height of the US real estate mania. $1.18 million for this? Play Crack Shack or Mansion!
Also see: Are Australians insane? and Californians are no longer insane but they once were.
Update: While playing Crack Shack or Mansion? I came across this gem for a mere $1.3 million. Honey, stop the car!