Concrete Pre-Sale Completion Snapshot as of January 2021

Highlights

• This update details the number of actively-selling, sold-out and contemplated concrete pre-sale homes by sub-market and estimated year of completion.

• By the end of 2020, 8,659 concrete pre-sale homes are expected to be complete.

• Of concrete pre-sale homes expected to complete between 2020 and 2026, 82% are sold.

Additional Insights

Of the 37,639 concrete homes expected to complete between 2020-26, 82% have already been sold. All sub-markets sit above a 70% sold rate, with Pitt Meadows/Maple Ridge and Burnaby leading the way at 91% and 90% respectively, followed by East Vancouver at 86%.

In terms of contemplated concrete product, Burnaby leads the way with 31,686 potential future homes coming to market, while Coquitlam/Port Moody has the second most with 31,379. In total, there are 127,031 concrete pre-sale homes being contemplated from Squamish to Abbotsford.

Every three months, rennie intelligence provides a Concrete Multi-family Completion update based on the latest data sourced from Urban Analytics' NHS Live database. As part of this update, the number of concrete homes associated with actively-selling, sold-out, and contemplated multi-family projects are presented, by sub-market, and by their estimated year of first occupancy. These dates of first completion reflect direct estimates provided by NHS Live. 

Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.