[msie]

I don't believe the money-laundering is as large a factor as simple supply and demand. The money-laundering report says that prices may have been inflated at 5% (and maybe more in Vancouver proper) but how could a 5% increase put off so many buyers? Also the problem with the report is it's a lot of guessing. Yes, money launderers may have been buying mansions and expensive condos but the vast majority is bought by not-money-launderers. I'm afraid this money-laundering narrative has gotten out of hand in the media and the politicians where they are blamed for everything. Plus Vancouver is notorious for a slow approval process for construction permits with waits of 1-2 years.