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Real estate market data
The Metro Vancouver apartment benchmark was $703,000 in April 2026, down 7.9% year-over-year, and condo sales fell 10.7% from a year earlier, leaving the condo-dominant Downtown and West End on the softer side of the market.
Source : Greater Vancouver REALTORS (REBGV), Metro Vancouver MLS statistics, April 2026 (released May 2026). https://www.gvrealtors.ca/market-watch/monthly-market-report/april-2026.html
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Frequently asked questions
Why are Downtown and West End prices lower than Vancouver's detached homes?
Because the core is almost entirely condominium apartments, which sell far below houses. The Metro Vancouver apartment benchmark was $703,000 in April 2026, against a detached benchmark of $1,840,700. The gap reflects property type, not a discount on comparable homes. (Greater Vancouver REALTORS, April 2026.)
What should I review before buying a Downtown or West End condo?
In BC, condos are governed by the Strata Property Act, so review the strata's depreciation report, recent meeting minutes, the Form B information certificate, the contingency reserve fund and any pending special levies. A weak reserve or looming levy can cost far more than any savings on price. (BC Strata Property Act.)
Is the Downtown condo market favouring buyers or sellers in 2026?
It leans toward buyers. Regional condo sales were down 10.7% year-over-year in April 2026 and the apartment sales-to-active-listings ratio sat near 14.7%, leaving ample standing inventory and real negotiating room, especially in towers where similar units compete for the same buyer. (Greater Vancouver REALTORS, April 2026.)