When population inflows to Vancouver slow or reverse, and when listings rise relative to sales and when there is plenty of alternative accomodation in the form of reasonably priced rentals, then prices may drop, Mr. Soper.  I would say that just keeping an eye on rentals will tell a lot. Right now rental prices are high, and landlords can be quite dictatorial about sources of a prospective tenant's income as well as the usual no smoking, no pets, no actually living in the home stipulations - and the standard lease where you face immediate eviction at the end of it. The Socreds....er, ah, pardon me, the BC Liberals have promised to remedy that one - any action there? It would require picking up a pen in the legislature as opposed to just disbursing $ millions in down payment supplements, after all.