September 2020

The Burnaby condo and townhouse market saw inventory, sales, and sale prices climb in August as summer approaches its end. Historically low interest rates, an improving labour market, and increased consumer confidance are all contributing to a rebounding real estate sector across the lower Mainland.

The Burnaby Mountain/SFU area however is still in...

Fairview condo sales and activity remained strong in August and led Westside neighbourhoods alongside Kitsilano.

Current trends have all neighbourhoods, downtown, West End, Yaletown, and Coal Harbour in “balanced” market conditions. When compared to July inventory rose by 13%, sales decreased by 1%, and sale prices rose by 9%. Coal Harbour which had been in a buyer’s market for a prolonged period of time saw demand return.

Neighbourhood Breakdown For August

• Dow...