Concrete Pre-Sale Pricing Snapshot as of July 2020

Aug 17, 2020

Written by

Ryan Berlin

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Highlights

The data presented below are price per square foot (PPSF) averages for concrete pre-sale homes, based on the date of each project’s first home sale.
Concrete pre-sale projects in Greater Vancouver that have launched in 2020 (through June) have sold at an average PPSF of $1,056, 5% above the 2019 year-end average of $1,003.
There have been 9 concrete pre-sale projects that have launched in 2020 (through June): four in Vancouver West, two in Coquitlam, one in Burnaby, one in Richmond, and one in West Vancouver.

Every three months, rennie intelligence provides a Concrete Pre-Sale Pricing Snapshot based on the latest data sourced from Urban Analytics' NHS Live database. The data presented are price per square foot (PPSF) averages for concrete product based on the date of each project's first home sale.

Our rennie intelligence division empowers 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.

Written by

Ryan Berlin

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Concrete Pre-Sale Pricing Snapshot as of July 2020

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It’s been a few weeks since the Bank of Canada’s first 25-basis-point interest rate cut and so far it appears that the arrival of lower rates has done little to stimulate housing demand.

Greater Victoria has consistently had the tightest supply conditions among BC’s major markets since 2016, but a recent increase in inventory, combined with depressed sales activity, means buyers don’t have to go inland for more housing options.