The market continues at a fairly consistent pace, with (lower) inventory levels being relatively constant since mid July, 2009.  

Week Ending	Nov. 6/09	Nov. 13/09
New Listings	208	184
Sold Listings	198	154
Sale to List Ratio	95%	83%
Total Inventory	2,149	2,161

I am often asked about the impact of the Olympics on prices of real estate in Vancouver.  My hunch is that post-Olympics, it will be business as usual.  I expect that during the Olympic and Paralympic Games, we will see a slow down in business, the way we do during Stanley Cup play-offs.  Buyers are likely to turn their attention to the Games for the months of February and March.  The ability of Realtors® to carry on business in the center of the City, will be greatly impacted, with road closures and parking restrictions.  Our job involves being in many different neighborhoods throughout the day, being able to travel about the City efficiently, and park for short periods while showing properties.  It will be a challenge.  But as things get back to normal at the end of March, I expect that we will see some local pent-up demand as we head into the spring market.  If the international spotlight on Vancouver is to contribute to an increase in real estate prices, I don’t expect that it will happen instantly, but gradually over a few years.  Of course, supply, demand, interest rates, and economic conditions will set the tone for future prices.