Here is the news from the Real Estate Board of Vancouver, B.C. April 3, 2007.
"Consumer demand for property in the Greater Vancouver area is still very, very high and the market is heating up as a result."
"With year-over-year double-digit price increases pushing the average price for a single-family home to near record levels, sellers are continuing to get excellent value for their homes throughout Greater Vancouver. Despite these price increases, buyers are still not shying away from this market either."
"New listings are still very tight, but the increase in total listing inventory is opening new opportunity for people to make that long awaited move to their new home.."
You can download the whole Vancouver real estate news release here in PDF format.