Concrete Pre-Sale Occupancy Snapshot as of October 2019
Data highlights
  • This update details the number of actively-selling, sold-out, and contemplated concrete pre-sale homes by sub-market and estimated year of occupancy.
  • By the end of 2019, 10,723 concrete pre-sale hones are expected to be ready for occupancy.
  • Of concrete pre-sale homes expected to complete between 2019 and 2023, 82% are sold.

What this means for you

Of the 41,582 concrete homes expected to complete between 2019-23, 82% have already been sold. Although sub-markets such as Abbotsford and East Vancouver have the highest percentage of homes already sold (at 91% and 90% respectively), opportunities still exist, especially in North Vancouver, Surrey/Delta/White Rock, and Richmond (with only 77% 74%, and 62% of homes completing by 2023, respectively, having already been sold).

In terms of contemplated concrete product, Burnaby leads the way with 30,696 potential future homes coming to market, while Coquitlam/Port Moody has the second most with 19,747. Port Coquitlam (47 homes), Pitt Meadows/Maple Ridge (244), and Langley/Cloverdale (718) have relatively few contemplated projects in the pipeline, and no concrete homes completing within the next 5 years.

Every three months, rennie intelligence provides a Concrete Multi-family Occupancy 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 occupancy reflect direct estimates provided by NHS Live. 

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.

Get the data

Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
intelligence

June was characterized by below-average sales activity and a continued expansion of inventory, which in turn yielded marginal price declines both north and south of the Fraser River.SalesMLS sales in the Vancouver region slowed to 3,683 in June, which was down by 13% from May, again exceeding the t…

intelligence

British Columbia needs to almost triple its annual average number of housing starts from the past five years in order to fully meet the housing needs of new and existing residents by 2030.The Canada Mortgage & Housing Corporation (CMHC), a federal crown corporation and Canada’s national housing…

intelligence

The rennie review is produced each month by rennie intelligence, which includes the latest real estate data for Vancouver Region's housing market.A wholesale slowdown in sales is only half the story.At first glance, the top-line MLS numbers for the month of June in the Vancouver Region appear to be…