Data highlights
- The data presented below are price per square foot (PPSF) averages for concrete, woodframe, and townhomes combined, based on the date of each project's first home sale
- Pre-sale projects in Greater Vancouver that have launched in 2019 (through January) have sold at an average PPSF of $868, unchanged versus the 2018 year-end average of $868
- Versus Q4 2018, the regional average PPSF has risen 1.6%
What this means for you
The value of accessibility is clear, with higher prices per square foot seen in projects in the Cambie Corridor, Richmond Centre, Downtown Vancouver, and Brentwood & Metrotown. Delta, Surrey, the Langleys, and Abbotsford continue to provide the most affordable pre-sale product, with numerous concrete and woodframe options for buyers to consider.
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.
