Below is a brief snapshot of current resale condo inventory and average asking prices for newer condos (ie. two years old or newer, including assignment sales).

This analysis excludes townhouse and condos and does not break down woodframe versus concrete (hence East Vancouver pricing appears below Burnaby and Maple Ridge/Poco/Pitt Meadows is lowest).

Of note, while pre-sales activity remains sluggish overall, resales inventory for newer condos remains very low in most submarkets.

Data source: MLS

The above chart excludes townhouse and duplex sales.

Onni has submitted a rezoning application for the residential portion of Phase 2 of it’s Gilmore Place project. Phase 1 of the project included three residential towers at the Northwest corner of the site, now under construction; Phase 2 also includes an office tower which is in the rezoning stage. There will be four phases in total.

Phase 2 of the project is located along Dawson Street just east of the Gilmore Skytrain Station. This phase includes:

• two residential highrises of 50-storeys and 43-storeys;
• 1,012 total condo units;
• a common underground parkade;
• a common podium.

An Official Community Plan amendment and rezoning application has been submitted to the City of Port Moody for a new development with two buildings containing a combined total of 210 residential units.

The 1.35 acre site is configured in an “L” shape and consists of six lots located at 3101 & 3103 St. Johns Street, as well as 3104-3112 St. George Street at the corner of Buller Street and just west of Moody Middle School. Each of the subject lots is currently occupied with either a single family home, duplex, or quad-plex.

Details of the proposed development include:

• 210 total residential units in two buildings (120 & 90 units);
  • 157 condo units;
  • 32 market rental units;
  • 21 below-market rental units;
  • 2 studios, 145 one-bedrooms, 54 two-bedrooms & 9 three bedrooms;
• 9,331 SF of commercial space (intended for daycare use) on the ground floor;
• a total density of 2.80 FAR;
• 306 parking stalls on two underground levels.

The architect for the project is WA Architects.

The site was assembled in 2018 for $21,200,000, or $209 per buildable SF based on the rezoning application.

A rezoning application has been submitted by Gryphon Development for a site at the Northwest corner of Cambie and West 49th Avenue, across the street from the Langara/49th Skytrain Station.

The 36,720 SF site at 6409-6487 Cambie Street is currently zoned for duplexes, but was redesignated to allow medium density development.

The proposal consists of a 10-storey mixed-use building over two levels of underground parking with:

• 127 condo units;
  • 21 studios, 36 one-bedrooms, 53 two-bedrooms & 17 three-bedrooms;
• 10,688 SF of retail space;
• 27,286 SF of office space on the 2nd and 3rd floors;
• a 37-space childcare facility on level two;
• A building height of 131 ft.;
• A total density of 4.09 FSR; and
• 163 underground parking spaces and 306 Class A bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

Gryphon acquired the site in 2018 for $59,950,000, or $535 per buildable SF based on the application.

The architect for the project is Acton Ostry Architects.