text: I agree with your assessments. Seems like people in east van just don't want to drop their bungalows down below 1 mil even as they sit and sit and sit. My parents' neighbour's house in east van has been sitting since July and hasn't sold. Has steadily dropped from 2.7m down to 2.1m and still no biters. Granted it's not high season but the listings are getting pulled as people want to wait for spring to re-list. But even foreigners have been getting mortgages to buy and with rates set to go up again on Wednesday in the US, we're due to follow suit. All I know is that my bank stocks are feasting on Trump's win and if Trump follows through (low taxes and stimulus spending) you're going to see pretty rampant inflation in the US which of course leads to higher rates. And if Canada doesn't follow suit, well prepare for 20 dollar big macs and 30 dollar cauliflower.