You can't possibly be this naive?Easy to hit red 10 straight times when that's the only colour on the board. Question is, who the heck is betting on black?Not to say the market doesn't make all of us look like idiots, but thats the same as saying the guy that bet Red 10 times in a row and won is a fortune telling genius.
I suggest you look into other busts in Vancouver history and tell me what happens when Black hits - for whatever reason.
You point to immigration, foreign money, lack of land, etc, etc.
Ever hear of Hong Kong? Take a look what happened there in the 90's, and explain how a tiny city state with some of the highest wealth and density in the world can have RE fall as much.
Vancouver is not immune. It just might not work on a timescale that allows a most families to plan around.