Im seeing prices down between 5 to 15% generally. However areas/or homes that are in prime locations have generally not lost that much value. For example, im working on a project right now where the home owner purchased that lot for just over 910k in east Burnaby in late Feb 2016. Same sized lot and same quality of home sold in the same area for 880k a few weeks ago.Depends on your definition of the "market".
Probably 5% up or down either way. If there is a chance of 10% to 20% movement in either direction, I would say down more likely than up. But hey, this market has surprised before so who is saying it can't surprise again.
I still think that anybody that thinks our local economy can support these prices is on glue.
What are you seeing out there harahomes?