The Condo Is Dead
Something fundamental has shifted in Vancouver's real estate market. For the first time in 40 years, more purpose-built rental units are under construction than condominiums.
The Numbers
14,200 purpose-built rental units under construction versus 11,800 condos. Five years ago: 18,000 condos to 4,200 rentals.
What This Means
Vancouver is becoming a renter city. Not by default, but by design.