I have a V70 with equal compression across the board. Ranging from 130 to 135psi dry test. Plus look as if a mi-nute amount of oil has been burned, no loss of fluids, zero overheating but I have heavy amounts of condensation coming from the tail pipe. Things I have done are as follows. Drilled holes in the tail ppr and muffler for relief of condensation, regap plus to .028 fuel injection cleaning with sea foam, vacuum leak test. Everything checks out good. Could it be possible the turbo leaking faint amount of coolant into the exhaust? Am I missing something here? I do have a cel p0107 I think it is unrelated though. Car runs great and fuel economy is 19mpgs average.

 

White smoke is water/coolant. Please post a video of it.

 

I have a siimilar issue. sometimes its there, sometimes its not...Seems to be no way to tell when it will happen.

 

Are you sure it's not grey smoke like this?