Royal LePage reports that condo square footage prices are down in Vancouver – the sharpest decline in Canada?
“The per-square-foot price of a condo in Greater Vancouver fell 8.3 per cent year-over-year to $764 as a correction in the region’s housing prices continued. That compares with a 9.1 per cent increase to $743 per square foot for a Greater Toronto Area condo”, Royal LePage said.
We are building smaller units, so our price per condo is still high. The condo prices are down as per RE board numbers too. Interesting is the increase in TO. TO came back…so will Vancouver.