Last year: 35% increase in Lower Mainland residential housing costs.
This year: estimated 10-15% lower closing prices.

Now, before you argue, AF514, it's pretty much a moot point. Because sales have fallen.  People have simply withdrawn from the market since the 15% foreign investment tax, which "cooled' the market down.  So, it didn't "free up" more housing for all the younger people wanting into the area AND into the housing market.  There's actually less available now than last year at this time.