[GMasterAres]

Originally Posted by logan5

Here's a colour coded map showing some increases and some decreases in property values in Vancouver. There are a lot of areas showing decreases, with industrial land showing the biggest increase.



http://www.theglobeandmail.com/news/...ticle16600708/

You decrease a $1.2 million home by 25%, it is still $900,000 and to me still more than it probably should be given the home we're talking about. Vancouver would need a 50% decrease a few years in a row to drop back anywhere near the suburbs in price.