I've been watching the market and 2 houses that recently sold for close to $900,000 each (North Delta) are now on the market as rentals. They look to be bought by the same person as the houses are on the same street and the ads look the same. I'm going to assume they didn't pay cash for these, so these would be someone speculating and possibly over leveraging themselves. I hope the market crashes and these type of speculators lose their shirt.
House 1:
https://vancouver.craigslist.ca/rds/apa/6080291855.html
House 2:
https://vancouver.craigslist.ca/van/apa/6079943995.html