^
I'm not taking sides, but as many have said already, it's too easy to circumvent the "non-resident" requirement.
Either way, back to the market thing... I think the market is definitely slowing down comparing to earlier of the year.
My family member made an offer on a small unit in Yaletown that I thought was fair everything considered. Seller's realtor laughed at the "lowball" offer and owner rejected it. Only for them to call back a month and half later to see if his offer was still standing and they'd take that offer.
Now I just advise my cousin to truly lowball them as there are so many choices out there right now that fit both his budget and IMO better options. Last thing we heard was the seller fired the original realtor as she was acting against their best interest.
We are in a stage of the market that it's back to a more balanced market and if you are looking to sell, don't expect multiple competing offers, but rather look at the true number that you want and you should take the deal as soon as it hits. Of course if you could afford to wait... do that and see if anything changes.