Red line is Vancouver residential detached house prices in dollars (left hand labels) from MLSLink HPI, the grey (nominal) and black (real) lines are Wu, Gyourko and Deng's Constant Quality Price Index for Newly-Built Private Housing in 35 Major Chinese Cities (right hand labels).
From 2005 you can see Vancouver's prices responding like Ireland, the U.S., and the UK to the pressure of low interest rates. Up and up, but then comes the crash and down the prices begin to plummet. But a floor appears and then another surge upward, suspiciously forming a deflection point exactly where China's happened. That's the Chinese government's stimulus program.