I still see Canadian media outlets declaring that cheap and easy credit is to blame for Vancouver’s record high prices, as well as comparing the current Vancouver condo market to what was happening in the US prior to the housing market crash in 2008. I have blogged many times before that low interest rates are one of the main drivers of our current price situation. However, it’s extremely difficult getting approved for a mortgage, and being able to access these low interest rates.. and it keeps getting more difficult every day.