“L' record du cycle du marché immobilier dans le Grand Vancouver, plus que la normale à sept années consécutives, a pris fin en 2008 amidst global economic challenges.”

That’s according to a Rapport du Conseil de l'immobilier de Vancouver, qui a également noté que, “The change brought relief from rising prices that saw benchmark prices escalate from $357,770 for a single family detached home in December 2001 à $648,421 by December 2008.”

And if you were feeling priced out of the Vancouver market, take heart.

Le REBGV dit, “Depuis mai 2008, the overall residential benchmark price has declined 14.8 pour cent dans le Grand Vancouver $484,211 from $568,411.”