no signs of that out here in Scamcouver (esp with condos)..
instead condos rising 2.2% per month (similar in Toronto, I've heard)...no wonder that greasy New Coast Realty felt that it was in condos
where 'the real gold' existed....

in the new condo 'joyce' by westbank (area: burnaby/east van border of  boundaryto rupert/kingsway) condos are (presales) are going for $1500/sq f.t...$750k for a 500ft closet.
also being presold (about 20% of them) to overseas customers.
http://urbanyvr.com/east-vancouver-joyce-westbank-prices