New Condos Vancouver

The average price of condos in Vancouver was $820,069 in July 2024.

When looking at townhouses for sale in Vancouver, you can reasonably expect to receive a great deal of amenities. On top of fine features like gourmet kitchens, premium appliances, and expansive living spaces, you’ll have access to private parking, outdoor terraces, BBQ stations, and cutting-edge security systems, depending on the home.

First and foremost, Vancouver is a thriving community that’s expected to surpass 3,000,000 in the coming years. In addition, the real estate market is projected to continue its upward surge in value, with government and corporate investments pouring more gasoline on the fire. Last but not least, you’re talking about one of the most prestigious communities of Northern America, home to many world-class universities and a growing college student population that’ll be looking for suitable rentals like your home.

Vancouver’s condo rental market is characterized by high rents, low vacancy rates, and strong demand, especially in popular neighbourhoods. As of July 2024, the average rental rate stands at $2,900, reflecting the competitive nature of this desirable market.

Vancouver’s public transportation system is easy to use and available, making it a great way for tourists to get around the city. Most of Vancouver’s best sights can be reached by public transportation. From the SkyTrain to the SeaBus and the LRT system, you have numerous ways to travel around the city.

Yaletown and Coal Harbour present a lively, modern urban scene that is perfect for younger families. On the other hand, Shaughnessy and Kerrisdale are also amazing neighbourhoods with a calmer vibe and close access to top-notch schools that make them great for larger families.

Vancouver’s schools are generally top-notch and there are a lot of options in both the public and private areas. From the prestigious Alcuin College to Collingwood School and Crofton House School, families will have no problem finding quality education for their younger and older children.

As one of the top ten most desirable cities to live in the world, Vancouver is at the forefront of growth with a strong job market and continuous investment in infrastructure. So, the future is bright for Vancouver.

Vancouver is about to see a lot of residential growth in the next few years. Thousands of new condos are planned, big projects have recently been given zoning approvals, and the city has a plan to increase density and make the community livelier and more diverse.

To stay informed about new condo developments in Vancouver, sign up for our newsletters and register for updates from our developer pages. Platinum Condo Deals also offers regular updates and exclusive access to new listings.

Similar to many other regions, the down payment for a condo in Vancouver is based on the cost of the property. If the condo is priced below $500,000, a down payment of 5% is needed. For condos with a price range of $500,000 to $1 million, the down payment is calculated as 5% of the first $500,000 and 10% of the rest. For condos that are priced over $1 million, the minimum down payment required is 20%.

In the last 30 days, the average sold price of a condo in Vancouver was $773,000.

The average benchmark price of homes, including condos, in the City of Vancouver is $733K, which is up 1% compared to July 2023.

According to our most recent data, Vancouver boasts an active and diverse condo market, offering a broad spectrum of options and prices across its various neighbourhoods. To receive more detailed information and personalized advice tailored to your needs, please don’t hesitate to contact us.

It is currently a buyer’s market, as there are more condos for sale in Vancouver than people who want to buy them. In this case, it might take longer to sell a house, and the seller might not get the price they want.

Vancouver’s new condo prices are very high because of high demand, growing property values, outstanding location, and worldwide desirability.