It seemed the property market in and around Vancouver had come to a point where people just couldn't pay any more for real estate. And so, prices had actually ended up on a downswing in 1982. Falling pricesAs of August 1982, John MacLachlan had seen the value of his Vancouver home fall by $60,000, as the market changed after he bought the previous year. ...but opportunities for othersA drop in real estate prices had made it possible for Carol and Garry Butcher to buy a home in Port Coquitlam, B.C., back in 1982. (The National/CBC Archives)Tremel said the Vancouver-area market appeared to slowly be returning to normal prices.

Source: CBC News August 18, 2020 12:22 UTC