Metro Vancouver

It will be interesting to see how many people are willing to pay 700K plus for all the 'vancouver specials' on the market.  It's slowing down no doubt and there have been some price cuts on places over the past few weeks.  Some agents seem to get a bit nervous since they are not used to having a place on the market for more than 2 weeks.  The money has been made already but it should still be an interesting year to say the least..

The market is still strong, I am not one of the nervous nellies, though what  a lot of folks forget is that one day the market will soften and reverse, when that might happen is still up for discussion, but it will happen.  When things do turn having a good Real Estate agent will be even more important to folks buying and selling.  So agents who set themselves apart from the herd and are ready for change will succeed.    

Couldn't agree more.  More inventory has trickled onto the market over the past month which is a good thing for buyers but in comparison to the past average detached inventory it's still low.  If the market is suddenly saturated with lucky ones trying to unload and take their winnings from the past few years it could get interesting especially with the rumblings of possible economic shifts.  This may never happen but everything is speculative at this point.  In the end anytime is a good time to buy in North Van for a long term investment it can just be frustrating if you are in the 600-900K market.  Decent places are far and few between.