> if the market for mansions is particularly tight, you will see rich people start buying condos instead a west vancouver home easily costs above $10 million,

> if the market for mansions is particularly tight, you will see rich people start buying condos instead a west vancouver home easily costs above $10 million, you think they are going to move into a penthouse in Yaletown as their primary residence and thus driving condo prices up? this makes no sense, people aren't selling their west vancouver home to downsize they are in a position to get even more leverage from the bank and expand their portfolio and likely own homes in North Vancouver and/or abroad already. the people selling their homes for ~$1MM are downsizing because they can't buy a home at that price range anymore