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Lumifer comments on Money threshold Trigger Action Patterns - Less Wrong
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Do you, by any chance, mean the northern part of America that sometimes goes by the name of Canada?
In the USA, the pre-2008 housing bubble has certainly popped. Now, one can argue that there is another one inflating right now, but I haven't seen many people make that claim.
The Motley Fools have a pretty good, and brief overview.
There are other articles around that name various sets of large American cities that are maybe/probably bubbling, and California is often cited as being at the forefront of the bubble.
However, you are right, the claims are that we are in a new bubble, not the same old bubble.