Opinions are very divided. To be honest, I could personally argue all possibilities. It comes down to the basic economic principal of supply and demand. A few questions to ask yourself (amongst many) would include:

1. Economy:
How will the state of our economy post Olympics affect the housing market?

2. Foreign Investment:
With the spotlight on Vancouver will we see an increase in foreign investment?

3. Interest Rates:
What will the bank of Canada do with interest rates? Will the cost of borrowing increase significantly?

4. Pricing:
Many people are holding off with the dealings of Real Estate in Vancouver until after the 2010 Olympics. Will this bring a rise in supply or demand? Or balance eachother out keeping prices stabalized?

Obviously none of us have a crystal ball and so it’s impossible to tell what exactly will happen. It should be a very interesting year for us here in Vancouver though, and I’ll be sure to keep you posted with occurances and events as they come along.