Meanwhile in metro Vancouver, third largest urban area in Canada, and for years the most unaffordable city in North America to purchase a house vis a vis income...,,,

Price for sf detached is up over the year, and still remains unaffordable.  However condos and townhouses are  seeing double digit price trajectories, and in many areas are up 30-40% in price in just a year.

The housing market here  remains unsupported by local fundamentals, the average working family is still priced out,  entire housing projects continue to be presold - and sold out - overseas, and  bidding wars for what little lower priced inventory that comes to market is the norm.

And yes, Vancouver still holds the number one unaffordability spot in North America, and top three in the world. Yay us.

Thanks Feds for those "mortgage rule changes" that cooled the market.