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Blog by Barry Berg

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Condo & townhouse market continue to dominate

The May 2017 real estate statistics are in, and across Greater Vancouver, sales activity for condos and townhouses drove the market.

Says Jill Oudil, Real Estate Board of Greater Vancouver president, "First-time buyers and people looking to downsize from their single-family homes are both competing for [condos and townhomes]."

Here's a snapshot of what a typical condo (based on the MLS Home Price Index) in some neighbourhoods costs, according to May 2017 statistics:

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To read the entire stats package from the Real Estate Board of Greater Vancouver, click here.