Townhouse and Condo Sales Skyrocket

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