As I have pointed out repeatedly, the time will come when the tide will turn. There is now so much anguish that there is a political backlash. The politicians have discovered the will to act.
The first chart shows the dramatic improvement in 2016 housing starts. The Federal and provincial governments are chipping in with 10-year affordability programs. CoV has a new 10-year program
unveils new housing strategy for the next decade
City aims for 72,000 units of housing to be built in next 10 years, two-thirds of which are rental...”
http://www.cbc.ca/news/canada/british-c ... -1.4416669
After a long period of neglect, the governments are focusing on rental housing. Displacing investors. Some ares may be 'rental housing only'. Affecting land values.
Expect the governments to keep squeezing speculators, airBnB hosts, and other quick buck operators.
“Canada Revenue Agency targets more Vancouver
pre-sale condo contracts Telus Garden and One Pacific buyers under federal revenue agency scrutiny “
https://www.biv.com/article/2017/10/can ... ver-pre-s/
The key is to squeeze out the frenzy from the market. That means providing enough housing, and enough rental housing. May change the market dynamics. Finally.