Downtown Vancouver Condo Market Report

Blog by Arnold Shuchat | November 21st, 2014

Local Real Estate Blogs over the last couple of years have mocked, skewered and prophesized an impending slaughter of condo buyers on Vancouver's west side.  So I thought it fitting to take a quick look at the local market conditions and take a quick pulse of the downtown area to see the state of affairs. Have the bears been proven right? Were they right at any time since 2011? What is the prognosis going forward?

Below are some key charts/metrics on the downtown condo market.  Take a look at the numbers.  What do you think?  Doesn't the market look stronger to you?  It certainly does not feel like a bubble about to burst.  As a matter of fact, it looks stronger and more confident.

To clarify the product used in these graphs, it was all condos in the downtown Vancouver market, new and resale, all sizes and prices.  Certain sub-categories may have different performance history than the total condo market illustrated here.  I would be happy to zero in on a particular market should you be interested.  Finally, these graphs feature live data that will be updated shortly after month end each month, so you can check back here to see how things are going. You can actually scroll over the graph and take a numerical point reading to see the changes from month to month.

Check the next few blog posts coming up behind this one to see the deals, the largest price changes and some other interesting features which summarizes this market segment.