“The Olympics will not do anything else but put a spotlight on the city,” said McNeill, who sold more than 1,000 homes in 2009 and just reactivated a condo project, “James,” at the Olympic Village. “I don’t think the Olympics will change prices right after the Games, but it will in the mid- to long-term. I’m thinking the two- to five-year range.”

http://vancouver.24hrs.ca/News/local/2009/11/03/11612646-sun.html

Photo by striatic

That comes at a time when new listings in the region dropped by 35 per cent from a year ago, suggesting inventories are on the way down to pre-recession levels.