The big question on everyone's mind, "What will happen to real estate prices in Vancouver this year?"  I keep saying that inventory levels are the key.  We are still early into 2010, and inventory levels over the past 3 weeks have barely edged up, now at only 2,030 in total, with only 399 detached houses for sale.  The sale to list ratio last week was 45%, down from 61% the previous week. 

As the 2010 Olympics are less than 1 week away, excitement around the City is buzzing.  Many Vancouverites are either volunteering for the games, or leaving town to avoid the disruption.  This is certain to affect real estate activity in the next 3 weeks.  However, there are those buyers who will take advantage of less competition for listings during this time.  To many, there is also an expectation that there will be more listings and more choice for buyers after the Games.