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I just found this in an article about my area:
The province (BC) has the highest average resale price in the country, at $431,909 – up 11.1 percent over last year. And Vancouver tops cities here. The price for a detached home in Vancouver has risen 11.9 percent from last year: May’s average selling price was $682,173. An attached home has risen even more, up 13.8 percent (average price in May for an attached home was $482,299), but topping even that increase is the average price for apartments: at $349,393, it is up 14.7 percent.
And with the coming of the 2010 Olympics, experts see a continued rise in home prices for the years to come. At that point, we may sell ours at what looks like a peak, and then hold out until a downfall to re-enter. I dunno, we're still looking into options in that regard.
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