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vancouver housing bubble

Foreign buyers are bailing on B.C.
Sales plummeted after the tax, but they plummeted more before the tax.
But average price isn't the only metric.
House prices forecast to fall in time for provincial election.
Remember that time a house sold for millions over asking in a few hours? Yeah.
Is it getting hot in here? ...
Crash could come in autumn, when U.S. expected to raise rates Vancouver expected to be epicentre Similar bets against Canada
"The supply of homes for sale today in the region is not meeting the demand we're seeing from home buyers."
Unaffordable homes will lead to unsustainable debt loads, predicts Vancity.
It happens too often. My wife and I make friends in our community -- many of them, like us, raising small children -- and then we find out they are moving, leaving Vancouver, because they can no longer afford the high cost of living here.