And yet this is the headline in this morning's Vancouver Sun:

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"Vancouver housing on fire with biggest price gains since 1990"

"Just as Toronto’s housing market is beginning to slow down, Vancouver’s is roaring back to life."

"New home prices in Canada’s most-expensive market jumped 1.5 per cent in June, and have gained five per cent since March, data released Thursday by Statistics Canada show. That is the biggest three-month increase since 1990. Prices for existing homes are also on fire, gaining 11 per cent in the five months through July, according to data released this month by Vancouver’s real estate board."

"Statistics Canada doesn’t include condominiums in its new home price index."
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The truth is out there, but the industry and vested interests don't make it easy to ascertain.