While you’ve been watching the big milestones on the growing number of houses, condos and townhouses for sale in Vancouver (15,000! 16,000! 17,000!) there’s a little milestone you may have missed: The doubling of number of units for sale since the beginning of the year. We started off 2010 with 8724 units for sale, which means 17,448 is the magic number.
Could we triple inventory this year? To do that we’d need to hit an inventory of 26,172 places for sale, which would be far higher than any year in recent memory. Have we ever had that many units for sale in Greater Vancouver? The West Side has the biggest head start – they’re already close to 150% of the number of listings from January 1st.