Here is the news from the Real Estate Board of Vancouver, B.C. Oct 3, 2006.

"The Real Estate Board of Greater Vancouver (REBGV) reports that total residential sales for detached, attached and apartment properties reached 2,519 units in September 2006, a decrease of 24.7 percent compared to the 3,344 units sold in September 2005, and a 11.5 percent decrease compared to the 2,845 sold during the same period in 2004."

"We’re moving towards a balanced market, a balance that brings greater stability to buyers and sellers throughout the Greater Vancouver area," says REBGV president Rick Valouche. "We’re finally seeing an increase in inventory and that is great news for buyers in our active market."

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