Vancouver prices drop after early 2011 boom

Vancouver’s property market slowed down in the second half of 2011 after a booming start to the year according to a new report.

The research form the Real Estate Board of Greater Vancouver revealed that prices in the area have dropped 1.5% from June to the end of the year.

However, the overall figure for the year shows that prices for residential properties were up 7.6%.

Source: OPP.org.uk