Literally nobody will obey this.
I'm not in Vancouver itself, but a major road near me had its speed limit dropped to accommodate mixed-use expansions. Not a single driver actually does the new speed limit. They all speed 20-30kph over the limit and they will tailgate you or highbeam flash if you do the posted limit.
Maybe some day in the distant future our policy-makers will understand that updating a few signs doesn't make a damn difference. You need physical speed reduction methods such as speedbumps, roundabouts, raised crosswalks, etc.