New Condos Vancouver

The average price of condos in Vancouver was $762,000 in October 2025.

When looking at townhouses for sale in Vancouver, you can reasonably expect to receive a great deal of amenities. On top of fine features like gourmet kitchens, premium appliances, and expansive living spaces, you’ll have access to private parking, outdoor terraces, BBQ stations, and cutting-edge security systems, depending on the home.

First and foremost, Vancouver is a thriving community that’s expected to surpass 3,000,000 in the coming years. In addition, the real estate market is projected to continue its upward surge in value, with government and corporate investments pouring more gasoline on the fire. Last but not least, you’re talking about one of the most prestigious communities of Northern America, home to many world-class universities and a growing college student population that’ll be looking for suitable rentals like your home.

As of October 21, 2025, Vancouver’s rental market is cooling, shifting from tight conditions to a more tenant-friendly environment. A surge in supply, slower immigration, and economic pressures have eased demand in premium areas, while suburban rentals remain steady. Rents are declining, vacancy is rising, and tenants are negotiating better terms. BC’s 2025 rent increase cap of 3.5% offers extra protection, with many landlords offering even lower hikes to fill units.

Vancouver’s public transportation system is easy to use and available, making it a great way for tourists to get around the city. Most of Vancouver’s best sights can be reached by public transportation. From the SkyTrain to the SeaBus and the LRT system, you have numerous ways to travel around the city.

Yaletown and Coal Harbour present a lively, modern urban scene that is perfect for younger families. On the other hand, Shaughnessy and Kerrisdale are also amazing neighbourhoods with a calmer vibe and close access to top-notch schools that make them great for larger families.

Vancouver’s schools are generally top-notch and there are a lot of options in both the public and private areas. From the prestigious Alcuin College to Collingwood School and Crofton House School, families will have no problem finding quality education for their younger and older children.

As one of the top ten most desirable cities to live in the world, Vancouver is at the forefront of growth with a strong job market and continuous investment in infrastructure. So, the future is bright for Vancouver.

Vancouver is about to see a lot of residential growth in the next few years. Thousands of new condos are planned, big projects have recently been given zoning approvals, and the city has a plan to increase density and make the community livelier and more diverse.

To stay informed about new condo developments in Vancouver, sign up for our newsletters and register for updates from our developer pages. Platinum Condo Deals also offers regular updates and exclusive access to new listings.

Similar to many other regions, the down payment for a condo in Vancouver is based on the cost of the property. If the condo is priced below $500,000, a down payment of 5% is needed. For condos with a price range of $500,000 to $1 million, the down payment is calculated as 5% of the first $500,000 and 10% of the rest. For condos that are priced over $1 million, the minimum down payment required is 20%.

Over the past five years, Vancouver’s home prices have been volatile, rising strongly in 2021–2022 and correcting in 2023–2025 due to higher rates and more supply. The CAGR is about 3.4%, with prices up from $975K in 2020 to roughly $1.15M in 2025. By type: detached ~4.0%, townhouses ~3.5%, and condos ~2.8%, which faced the biggest supply pressure.

Yes, condos in Vancouver are selling as of October 2025. However, sales are down year-over-year, inventory is high, and homes are taking longer to sell, making it a buyer’s market where negotiations and incentives are common.

No, now isn’t the best time to sell condos in Vancouver. The market favours buyers, with high inventory, slower sales, and declining prices. Sellers may need to offer incentives or accept lower offers, especially on generic or investor-heavy units. Well-priced condos in popular areas like Kitsilano or Yaletown can still sell, but likely below asking. For most, waiting until spring 2026, after potential rate cuts and a market rebound, could bring better results, though there’s a risk of further softening.

Vancouver’s new condo prices are very high because of high demand, growing property values, outstanding location, and worldwide desirability.