Yeah, Vancouver has seen a slowdown in price increase for sf detached, but condo prices are escalating in the double digits.  Here in Richmond we have seen a 27% price increase this past year.

The average working family has not been able to afford a house for years, the last resort for a place to live (given a rental vacancy rate of under one percent) is a condo.  Now even that is moving beyond affordability.

It doesn't help that local buyers are scrambling for leftovers after entire condo developments are pre-sold overseas.