The Real Estate Board of Greater Vancouver has just released the latest Housing Price Index for the month of August, 2011:

In a nutshell, the real estate market has taken a breather over the month of August, with new listings and the number of sales down in all categories.  However, prices remain stable, due to a limited amount of quality properties for sale.  It's difficult to predict whether this trend will continue into the Fall, but interest rates are expected to remain low, and it looks like everything should be stable in the re-sale market.  With the defeat of the HST, and no transition rules in place yet for unwiding the tax, expect new home sales to stall, until buyers have clarity on the issue.