Originally Posted by greg80

I don't understand something, so I am turnning to all knowing GFY

Driving around in West Vancouver area, there are no houses under $4 million, yet about 1/4 of the houses seem to be for sale (signs outside).

Also in Kelowna, nice houses on the hill with lake view, again no house under $1 million, yet 1/3 seem to be for sale.

With such a high number of houses for sale, one would expect the market to crash, but it hasn't. Any explanation? This was around one year ago when I was there the last time.