You do realize that when you sell high, you also end up buying high in the market.

Housing plays a critical part in the lives of every citizen who lives in this country. As property taxes are now based on market value assessments, you can expect it to go up as the value of your property goes up.  Imagine how a senior on a fixed income is going to pay their property taxes just to stay in their homes.  They'd be forced to move out of their house.

Young families will have to secure a large mortgage just so they can buy a place to live.  Getting indebted for such a large amount of money and at a longer time is not a great way to start out.

Our governments need to be more cognizant of the tremendous effect that the cost of housing has on people's lives.  Housing should not be open to foreign speculative investors.  There are only downsides in the future.

It's already too late for the Vancouver market. People who bought high will not be willing to sell their house at a loss.