Sales on Vancouver RE continue to be well below our historic average. Prices on Detached homes and luxury condos continue to fall but the prices on Downtown 1 bedroom condos continues to stay quite resilient. Most of this slowdown is a direct result of the Government trying to curb demand with various taxes and restrictions. The biggest one being the the mortgage stress test where buyers need to qualify at the posted rates plus 2%. In this blog I will talk about the repercussions of these government initiatives and how we may be creating a coiled spring effect that will eventually propel the next leg up.