This news report contains a whole lot of nothing.

Predictions and ratios DO NOT MEAN A THING until you have evidence that your prices are dropping substantially, and contrary to the headline writer's best attempts to conflate week after week...

... prices simply are not dropping substantially.

The closest thing to a meaningful number in the entire article is this one here, "The sales-to-active listings ratio for January, 2017, is 21 per cent. This is the lowest the ratio has been in the region since January, 2015"....

... and that quote does not point compellingly to any substantial price drop, especially considering it is mid winter, and a rough one at that. 

By the way, um, hello, about the highest that ratio got was in the months following that January 15 low, for crying out loud...