If it was going to pop, it ought to have popped the last time around.
The thing about Van is that there's a ton of foreign investment here driving up prices. And even if prices do begin to fall, there is a huge backlog of people just waiting to snap up condos and houses as fast as possible, which will simply buoy the prices right back up again.
Basically, I don't see any way Vancouver housing prices start to drop substantially until some baby-boomers start dropping off.
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