BC’s current housing market snapshot shows 6,700 homes sitting in standing inventory, with 5,500 of those being condos. This count spans condos, townhomes, and some multiplex units right across the province. Notably, Burnaby leads with 1,210 unsold homes, followed by Vancouver at 1,020, Surrey at 798, and Coquitlam at 620. Richmond, Kelowna, Langley Township, New Westminster, and Delta also reflect a significant spread in inventory—demonstrating that it’s not just the largest cities feeling the impact. Even in areas like Langford, Esquimalt, North Vancouver, Abbotsford, and Chilliwack, the numbers remain noteworthy, with these listed cities alone totaling 5,840 homes. The conversation often points to studios and one-bedrooms as the main factor behind this presale buildup, but the data tells a more complex story. As someone who works with buyers and sellers across Burnaby, Surrey, Vancouver, New Westminster, and Abbotsford, I’m seeing firsthand how these trends play out locally and what they could mean for those looking to navigate the BC real estate market with confidence.
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