Townhouse and Condo Sales Skyrocket

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Townhouse and Condo Sales Skyrocket

Detached houses have been the headline news in Metro Vancouver for the past year, but we believe February marked the beginning of a major shift towards the townhouses and condominium sector.

February townhouses sales were up to 82% year-over-year and condo apartment sales were 65% higher.

Together, strata property sales accounted  for nearly 65% of all February 2021 transactions, with condo apartments leading all sectors with a blistering pace of 62 sales every day.

Condo developers reported a “sense of urgency” in new condo sales in February as 1400 new condos started construction and 1759 existing condos sold. 

For a deeper understanding of the current real estate market, please contact me. I’m happy to help.

I invite you to connect with me via phone, email or social media:

(604) 790-6589

matt@mattmagee.ca

mattmageerealtor

mattmageerealty