Single-family home price declines in Vancouver: Trend or timing?

[ Source:  CTV News Vancouver, July 6, 2016 ] House hunters in East Vancouver were just greeted by a strange but highly unusual sight: six-figure price reductions on several homes. At least two older single-family homes in the Fraser corridor saw reductions of $100,000 in the past two weeks. The price of a three-story fixer-upper on East 18th Avenue near Kingsway dropped a whopping $449,000 -- nearly a full quarter of the asking price -- after sitting stagnant for several weeks of [...]