Montreal is not exempt of this trend.
http://montreal.en.craigslist.ca/bik/740311108.html "NEW TAPE" is the selling point?
I'm by no means a bike connoisseur, but it seems to me any old road bike is a rare find and instantly worth 100$, regardless of the condition its in. Cashing in on hipsters much?
Apparently Canadian Tire makes some genuine quality mountain bikes, none of which depreciate in value with time.
A vintage Peugeot that I arranged to pick up and buy for 30$ was bought by someone else (who likely offered more money and less time) and reposted two weeks later for 100$ on CL. Sort of a bummer. But trends like this fluctuate and eventually vintage bikes won't be overpriced due to nostalgia value (I'm looking at you, baby boomer craigslisters).