You answered your own question, the houses there are already so expensive and the amount of people who can buy them is already limited. What’s happening is the remaining houses surrounding it are also started to be priced out for most people.

I think we’re hiring a Vancouver editor soon, if you know of someone good send them this way. careers@betterdwelling.com

Could be the prices spiked previously, or there isn’t as much being done to renovate/flip those places. It’s still a pretty big increase, just not as ridiculous as the rest!