Greater Vancouver condo prices are cooling down in a big way. Real Estate Board of Greater Vancouver(REBGV) numbers show price appreciation has fallen to a multi-year low in November. The slowing growth was accompanied by plummeting sales, and soaring inventory.

Greater Vancouver Condo Prices Dropped Over $15k Last Month

The price of a condo apartment in Greater Vancouver is higher than last year, but made a sharp decline. REBGV reported a condo benchmark of $667,800 in November, down 2.29% from the month before. The decline brings the annual rate of growth to just 2.3% across the board. In the city, prices are doing a little worse. Vancouver East’s typical condo price reached $551,400, up 2% from last year. Vancouver West saw the typical price come in at $781,900, down 3.6% from last year. Yeah, they’re falling behind CPI at best.

Greater Vancouver Condo Apartment Benchmark Price

The price of a typical condo apartment across Greater Vancouver, in Canadian dollars.

Source: REBGV, Better Dwelling.

The sharp monthly decline and tapering annual gains are worth paying attention to. The $15,700 monthly decline is the largest single month dollar decline the condo benchmark has ever seen. The 2.3% annual gain marks the 10th consecutive month of deceleration. The annual pace of growth is also the slowest we’ve seen since December 2013.

Greater Vancouver Condo Benchmark Price Change

The annual percent change of a typical condo across Greater Vancouver.

Steven Axford

Steve Axford grew up in Victoria, BC and has always been active in his community. Steve is a Victoria Cougars Hockey Team alumni as well as a Victoria Shamrocks (intermediate) alumni. During his time....

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Types Single Family Condos Commercial Land Townhouse Pending Multi-Family

Style Arts & Crafts California Character Condo Apartment Contemporary Contemporary,West Coast Half Duplex Row/Townhouse Single Family Detached West Coast

Beds Any 1+ 2+ 3+ 4+ 5+ 6+

Baths Any 1+ 1.5+ 2+ 2.5+ 3+ 4+ 5+ 6+

Min Min $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,050,000 $1,100,000 $1,150,000 $1,200,000 $1,250,000 $1,300,000 $1,350,000 $1,400,000 $1,450,000 $1,500,000 $1,550,000 $1,600,000 $1,650,000 $1,700,000 $1,750,000 $1,800,000 $1,850,000 $1,900,000 $1,950,000 $2,000,000 $5,000,000 $10,000,000

Max Max $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,050,000 $1,100,000 $1,150,000 $1,200,000 $1,250,000 $1,300,000 $1,350,000 $1,400,000 $1,450,000 $1,500,000 $1,550,000 $1,600,000 $1,650,000 $1,700,000 $1,750,000 $1,800,000 $1,850,000 $1,900,000 $1,950,000 $2,000,000 $5,000,000 $10,000,000 $15,000,000

Min Sqr ft 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500 9,000 9,500

Min Acres 0 0.25 0.5 0.75 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

Year Built Any 1900+ 1905+ 1910+ 1915+ 1920+ 1925+ 1930+ 1935+ 1940+ 1945+ 1950+ 1955+ 1960+ 1965+ 1970+ 1975+ 1980+ 1985+ 1990+ 1995+ 2000+ 2005+ 2010+ 2015+ Any Year

Max Year Built 2021 1900 1905 1910 1915 1920 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015

Walkscore Any Somewhat Walkable Very Walkable Walkers Paradise

Options Just Listed Walkable Fixer Upper Newly Built Open House Adult 55+ Green/Energy Star Horse Property Golf Course Pool Water Front Water View Views Foreclosures Shortsales Not Distressed Lease to Own No Strata Fees Seller Financing Fireplace 1+ Garage 2+ Garage 3+ Garage 1 Story 2 Stories 3+ Stories Deck Basement Master on Main Air Conditioning Furnished Allows Pets

Accessibility Features Accessible Entrance Ground Level Main Floor No Step Entrance Primary Bedroom on Main Wheelchair Friendly

Basement Y/N 0 1

Cooling Air Conditioning Central Air HVAC None Other Partial Wall Unit(s) Window Unit(s)

Lot Size Dimensions 0 ft wide x 0 ft deep 100 ft wide 100 ft wide x 280 ft deep 100x100' 106 ft wide x 124 ft deep 106 ft wide x 154 ft deep 108 ft wide x 69 ft deep 110 ft deep 115 ft wide x 70 ft deep 120 ft wide x 200 ft deep 120 ft wide x 90 ft deep 132 ft wide x 195 ft deep 134.4 x 124.4 147 ft wide 150 ft wide 150x243 165 ft wide 166x629 173 ft deep 173'x95' 284 ft wide 30 ft wide x 100 ft deep 30 ft wide x 137 ft deep 35 ft wide x 71 ft deep 38 ft wide x 50 ft deep 40 ft wide 40 ft wide x 103 ft deep 40 ft wide x 120 ft deep 40 ft wide x 71 ft deep 40 ft wide x 94 ft deep 42 ft wide x 98 ft deep 43 ft wide x 110 ft deep 43X110 46 ft wide x 131 ft deep 460 ft deep 48 ft wide x 120 ft deep 48 ft wide x 157 ft deep 49 ft wide x 149 ft deep 49.9x112.7 50 ft wide x 108 ft deep 50 ft wide x 110 ft deep 50 ft wide x 112 ft deep 50 ft wide x 113 ft deep 50 ft wide x 117 ft deep 50 ft wide x 120 ft deep 50 ft wide x 125 ft deep 50 ft wide x 126 ft deep 50 ft wide x 158 ft deep 50 ft wide x 64.5 ft deep 50 x 113 50X113 50x144 51 ft wide x 120 ft deep 51 ft wide x 174 ft deep 52 ft wide x 112 ft deep 52x198 53x113 54 ft wide x 104 ft deep 55 ft wide x 135 ft deep 55x120 56 ft wide x 160 ft deep 56 ft wide x 210 ft deep 57 ft wide 57 ft wide x 130 ft deep 57'x41' 59 ft wide x 108 ft deep 59 ft wide x 120 ft deep 60 ft wide X 140 ft deep 60 ft wide x 100 ft deep 60 ft wide x 103 ft deep 60 ft wide x 110 ft deep 60 ft wide x 112 ft deep 60 ft wide x 113 ft deep 60 ft wide x 120 ft deep 60 ft wide x 132 ft deep 60 ft wide x 135 ft deep 60 ft wide x 150 ft deep 60 ft wide x 157 ft deep 60 ft wide x 66 ft deep 60 ft wide x 90 ft deep 60 ft wide x 92 ft deep 60 x 120 60 x 95 60x109 60x113 60x120 60x132 62 ft wide x 120 ft deep 63'x326' 64 ft wide x 115 ft deep 64 ft wide x 199 ft deep 64x120 65 ft wide x 120 ft deep 65 ft wide x 129 ft deep 65 ft wide x 131 ft deep 65.5 x 71 approx. 67.6x130 67x100 69 ft wide x 120 ft deep 70 ft wide x 120 ft deep 70 ft wide x 200 ft deep 75 ft wide x 151 ft deep 78 ft wide 78.1 X 131.5 79 ft wide 80 ft wide x 112 ft deep 82 ft wide x 150 ft deep 84 ft wide x 104 ft deep 860 ft deep 90 ft wide x 115 ft deep 91 ft wide x 92 ft deep 97x197 98 W x115 L 98 ft wide x 194.8 ft deep IRREG. Irregular

Number of Garage Spaces 0 1 2 3 4 6

Pets Allowed Y/N Aquariums Birds Caged Mammals Cats Dogs None Number Limit Size Limit Yes

Sewer Holding Tank None Other Perc Test on File Septic Needed Septic System Septic System: Common Sewer Available Sewer Connected Sewer To Lot

Total Kitchens 0 1 2 3 4

View City Lake Mountain(s) Ocean Other River Valley Water

Waterfront 0 1

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