"Bidding Wars Still Prevalent in Vancouver Condo Market
... Luckily for condo buyers, relief is on the way. Completions of new construction condos are ramping up. The twelve month rolling average of unit completions hit a record high in February of 23,623 units. Purchasers of these units, who are rarely end users, will be testing the re sale or rental market as they complete. This should provide some much needed relief to buyers and renters alike..."
http://vancitycondoguide.com/bidding-wa ... do-market/