[overtaxed_canadian]

Of course, but it takes a long time, a lot of opportunity cost on your money, and a lot of interest paid on a mortgage in the interim. If you bought at the peak of Vancouver's housing bubble in 1981, you didn't break even at inflation-adjusted prices until 2005.

[M. Dodge Thomas]

The glut of unsold and rented condos in may area has depressed the rental market around 25-30%, I just has to drop the price of one of my 2BR rental units (a pure rental, not a condo, and a *very* nice apartment) from $1500 to $1090, and a 1 BR from 950 to $875, and I'll be eating the difference until the market turns.

The people really getting killed however are the flippers stuck renting out condos with a $3,000 per month mortgage, $700 a month in taxes and $400 a month in assessments... for that same $1090-1200 a month.

THAT'S gotta' hurt.