Here are some highlights that I found interesting.
Units under construction in (during some stage of being built):
- Entire Vancouver CMA = 25,598
- Vancouver City and Endowment Lands = 6,752
- Surrey / White Rock = 5,090
- Tri-Cities = 3,022
- Burnaby = 3,081
- Langley = 1,159
- Maple Ridge / Pitt Meadows = 1,221
- New West = 1,286
- North/West Vancouver = 1653
Completed but Unabsorbed Units (Vacant/unsold and complete housing units; I'm looking for these numbers to skyrocket this year and next as the number of completions begins to catch up):
- Entire Vancouver CMA = 1,407
- Surrey / White Rock = 430
- Langley = 199
- Maple Ridge / Pitt Meadows = 136
- Vancouver / Endowment Lands = 290
If you are thinking about buying a new home in any of these areas you should be able to put a lot of pressure on the developer to cut you a good discount because they are sitting on a higher level of inventory than they are used to. Of course I think you'll probably get an even better deal if you wait a little while longer.
No comments:
Post a Comment