Unsold condos piling up in Metro Vancouver, says report

Unsold condos piling up in Metro Vancouver, says report

Vancouver region's glut of unsold condos anticipated to grow 60 per cent by end of 2025, according to Rennie Intelligence

Metro Vancouver condo inventory could rise 60% by year-end: report

Metro Vancouver’s condo market is on track to end 2025 with its highest level of unsold inventory in years, according to a new report by Rennie. The region’s “housing market may feel balanced on the surface, but inventory trends are telling a different story,” the report states. Rennie projects a sharp 60 per cent rise in unsold condo units across the region by year’s end, jumping from the current 2,179 to an estimated 3,493. “If the current tra…