[megy]

Are apartments also down? You can easily get the situation were expensive homes are down, but cheap apartments are up.

[echlebek]

Yes, apartments are now selling under asking price.

[NotSammyHagar]

In Canada is an apartment what the us would call a condo or something similar?

[novok]

In the market of people who would buy a house / condo with the proceeds of their job, you will see the cheap stuff bought first and go up in price while expensive stuff goes down until they reach an equilibrium point of pricing of whatever people can afford.

[guardiangod]

Yup.

https://vallarino.ca/blog/downtown-vancouver-condo-price-gra...

Yes, Vancouver downtown apartments were $1200/sq feet. Apparently you need at least $1 million US dollars to have a family of four living in downtown Vancouver. Crazy huh.