[bing]

^Family has been here for 40 years since houses in west side Vancouver ~400k (considered high at the time) and new houses in Richmond ~150k. We know what's its like for prices to fall as we went through the 8 year downturn period in the 90s. A 40% correction in prices would mean that if you live in a 1 million dollar house, the value will fall to 600k? I find that kind of a drop hard to believe.