Multi-family Pre-Sales Pricing Update - Q4 2018

Data highlights

  • Pre-sale projects in Greater Vancouver that have launched in 2018 (through October) have sold at an average PPSF of $854, 3.3% above the 2017 year-end average of $827.
  • The highest average PPSF achieved into October 2018 was in Downtown Vancouver, at $3,065 (up slightly from $3,037 in Q3 2018), while lowest was in Abbotsford at $431.
  • Versus Q3 2018, the regional average PPSF has risen 0.7%

What this means for you

A value premium exists for more accessible homes, including those located near Vancouver's downtown core and along frequent transit corridors. Good relative value continues to prevail in neighbourhoods south of the Fraser River and in the region's northeast sector.

Each quarter, rennie intelligence provides a Multi-family Pricing Update based on the latest data sourced from Urban Analytics' NHS Live database. The data presented are price per square foot (PPSF) averages for concrete, woodframe, and townhomes combined, 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.

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