Activity Up, Prices Steady

Downtown Vancouver is seeing some robust activity in the low to middle priced urban condo market right now. New units have come online over the last couple of weeks but units are selling as well. There has been a sizable load of activity in the Parkview Condo Tower at 701 Columbia this year.

Parkview is in the unique position of offering relatively affordable units that can be purchased for less than or very near to the price of a rental unit. In fact the building just south of Parkview is a nearly identical but slightly shorter tower with all rental units.

I believe the excitement over the waterfront and the local tight rental market has put positive pressure on the entry-level to mid-priced condos and Parkview is where most of those are located in the downtown core area.

In other urban living news, Riverwest Apartments are very near complete. I would imagine they will start leasing soon with delivery sometime in the late spring.

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