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My personal opinion is owning a house in metro Vancouver will still be out of reach for majority of people even if there is a correction in the market.
First thing is the amount of supply (old homes) vs demand is getting smaller by the day and the other big question is when does this "correction" come? If older homes start nearing $2m even with a 30% correction you're still looking at 1.7m for an average home which will still be unaffordable.
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