Here is the news from the Real Estate Board of Vancouver, B.C. Jan 4, 2007.

"Year after year, Vancouver continues to be ranked as one of the best cities in the world to live in and that status is reflected in purchases and sales of some of the most valuable real estate in the country."

"We've seen year-end sales surpass 30,000 units for five consecutive years now, a first in our Board's history."

"Although we're seeing lower sales than last year, it's important to note that the record-breaking sales pace of 2005 continued well into the first five months of 2006. Sales activity has been quieter since June, which is not a surprise considering we were breaking sales records on a monthly basis for well-over a year. We're still seeing rising prices, though this is now happening at a slower pace."

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