Condo & townhouse market continue to dominate
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:
To read the entire stats package from the Real Estate Board of Greater Vancouver, click here.