We've definitely witnessed massive appreciation in most parts of Vancouver. It's even hard now to find condos at an affordable price. Some pre-sales you're looking at over $1.3m for 2 bedrooms. Vancouver's definitely becoming an international city. 

On the other hand, the foreign buyers tax has taken its toll especially on detached homes in particular neighbourhoods. For example, you're looking at over a 13% fall in HPI prices in West Vancouver since August. But this probably just means that perhaps we're slowly and finally shifting to a buyer's market instead of a sellers market.