Be in the know in 2020!  Downtown condo & real estate blog

Downtown condo & townhome inventory declines for 9th month straight

Posted on May 11, 2020

The number of condos and townhomes for sale in Downtown Vancouver continued to decrease in April for what is now the 9th consecutive month. Inventory had begun to accumulate after the introduction of the new provincial and federal housing and mortgage regulations in 2018 and looks to have reached peak levels last summer. This trend of decreasing in...

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Condo & townhouse sales plummet in April but prices hold as inventory remains low

Posted on May 04, 2020

Vancouver’s downtown condo and townhouse real estate market in April saw sales plummet as people continue to social distance due to the COVID 19 crisis. In April the inventory downtown decreased by 6%, sales decreased by 56%, and sale prices dropped minimally by 1% when compared to March. 

vancouver downtown condo real estate

Current trends have the downtown, West End, and Yaletown neig...

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March condos sales started strong downtown but COVID 19 fizzles momentum

Posted on Apr 02, 2020

Vancouver’s downtown condo and townhouse real estate market in March started with strong sales activity but as with most markets has been greatly impacted by the COVID 19 crisis in recent weeks resulting in reduced business and sales. 

Looking at March’s numbers the downtown market experienced a slight 1% increase in benchmark sale prices, inventory...

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Downtown condo sales in February at levels similar to spring high's of 2019.

Posted on Mar 13, 2020

Downtown condo sales are on the rise since December as it typical but still nowhere near the levels seen prior to 2018. February registered 62 sales, just slightly better than the high of last spring which was in May 2019 which had 60. Sales peaked in 2019 in October with 83 sales. With Cornovirus now troubling the financial markets, there is uncer...

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Downtown sees slight dip in benchmark prices despite increased sales February

Posted on Mar 09, 2020

Vancouver’s downtown condo and townhouse real estate market in February experienced a slight decrease in benchmark sale prices with a 3% drop, inventory increased significantly by 8%, and sales increased by 39 % when compared to January.

Current trends put the downtown, Westend, and Yaletown markets in “Seller’s” market conditions while Coal Harbou...

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Demand increasing as supply stays low across Metro Vancouver 

Posted on Mar 04, 2020

February saw steady home buyer demand and reduced home seller supply across Metro Vancouver.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes s...

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