If construction goes according to plan, some 9,000 multi-family units will be finished in Metro Vancouver and the Fraser Valley during the third and fourth quarters of 2019, according to a recent report by Vancouver-based real estate marketing firm MLA Canada. In a typical quarter, the region sees about 2,000 to 3,000 condo presale units completed.
Detached home sales rising as new condominium owners sell their single family homes and move into their new units; increased amount of condominium inventory on the market as investors put their new apartments up for sale; or, an impact on vacancy rates as homes enter the rental market.¡±