Vancouver swamped by unsold condos as supply outpaces demand
In Metro Vancouver, supply has most definitely outpaced demand. The number of newly built, unsold condo units in the Vancouver region is expected to increase by 60 per cent by year’s end.
That will bring the total of new units sitting empty to 3,493 – a 60 per cent increase from the 2,179 homes that sat empty and unsold by the end of 2024. These are multifamily units that have an occupancy permit and are move-in ready.
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