The Canadian Real Estate Association (CREA) now predicts the number of sales in B.C. will lessen. Prices of detached homes will drop by 7.8 per cent
. But Vancouver is coming off a huge year, even if prices fall 10%, they’ll still only be at March 2016 levels. November was the first full month for the new Federal Government mortgage rules. The most affected are first time home buyers who find it more difficult to get a mortgage.