Seems like it has been going on forever.
Vancouver seems invincible, no matter how many new taxes the governments throw at it. The foreign buyers tax (otherwise known as the Chinese Dudes Tax) has been raised from 15% to 20%. We will see if that proves more effective.
Toronto had the froth lightly skimmed off, and that's about it so far.
Calgary is maintaining a half-decade flat line despite the devastation since 2014 in high paying energy sector jobs and outright hostility from governments across the land towards the domestic Canadian hydrocarbon industry.
And the condo markets in all three cities are on fire (black dotted line) - its the only thing anybody can actually afford apparently.
Mortgage rates up again this past week.