Is Canadian Real Estate too high?

I have recently read an article from CBC in regards to how many Canadians feel about the current state of Real Estate.

According to the poll 71% of Canadians feel that the prices of homes are too high. Which makes me wonder what people in the Okanagan feel in regards to our market?

Please feel free to take my poll on this blog, and post your comments.

Dean's thoughts

Well priced and professionally marketed houses are sellilng well.  However, price pressure (lower) remains strong.  Buyers are active in all segments based on price versus features with the exception of location.  Glenmore and North Glenmore at and around $450K is getting a lot of attention.  Overall, it remains a buyer's market with the caveat that some sellers are hanging tough on prices that I feel may be too high.  Buyer Beware!