Here is the news from the Real Estate Board of Vancouver, B.C. August 2, 2006.

" It's important to note that the sales figures for July are reflective of a more traditional summer market cycle, when consumers take a break for vacations.Last year was the best year on record for real estate in the Greater Vancouver area and the 3,652 units we moved in July 2005 were a bit of a market anomaly. The numbers we are seeing this summer are closer to the sales figures we saw in 2004. "

"At 23,223 units, our year-to-date sales indicate that we are still in the midst of one of the strongest real estate markets in our board’s history. Consumers who want to better understand the housing market, and who are looking for guidance to help them make the best buying or selling decisions, should contact their local REALTOR®."

You can download the whole Vancouver real estate news release here in PDF format.