North Vancouver, Burnaby North, Burnaby South, New Westminster, and Port Coquitlam are leading the charge with robust January home sales, showcasing a seller's market with just a 4-month supply of listings. On the flip side, West Vancouver presents an opportunity for buyers, with a 21-month supply indicating a softer market.Â
Interestingly, townhouses are stealing the spotlight, with the highest absorption rate compared to detached homes and condos. This trend suggests a growing demand for more townhouse and row home developments in Greater Vancouver, rather than the current push for up to 6-unit multiplex buildings.
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