Are we in the midst of Real Estate Market Bubble in Greater Vancouver?

A few months ago, the question of the day was how high the prices could go up for properties in Vancouver, but now it's the opposite; The question ofthe day is: Is the Real Estate bubble bursting in Vancouver? Hassenn "The Good Guy" is looking at the Real Estate Market statistics for the end of September 2016 for 3 different cities in Greater Vancouver; Burnaby, Coquitlam and Maple Ridge versus Greater Vancouver collectively. This stat is for detached homes only(not including new homes).

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.