Median house for a detached house in the "poor" east side is $1.28 million, $2.9 million in the traditionally more desirable west side. http://www.theglobeandma

Median house for a detached house in the "poor" east side is $1.28 million, $2.9 million in the traditionally more desirable west side. http://www.theglobeandmail.com/report-on-business/vancouvers-detached-house-prices-keep-soaring-as-supply-dwindles/article25852584/ http://www.theglobeandmail.com/report-on-business/vancouvers... Vancouver is actually one of the poorest large cities in Canada. Average income in Vancouver proper in 2009 was $43,911. https://www.biv.com/article/2014/9/trick-or-treating-planner-peers-vancouvers-future/ https://www.biv.com/article/2014/9/trick-or-treating-planner... All this means that Vancouver is the 2nd most unaffordable housing market in the world (after Hong Kong) http://www.theglobeandmail.com/news/british-columbia/only-hong-kong-has-less-affordable-housing-than-vancouver-study-finds/article22538901/ http://www.theglobeandmail.com/news/british-columbia/only-ho.... Accordingly a housing is already so inflated that a 10% drop means nothing. Even a 20% drop wouldn't make things affordable.