BC’s standing inventory has reached 6,700 homes—of which 5,500 are condos—spanning not just the major urban cores, but a diverse mix of communities throughout the province. In my years specializing in Greater Vancouver’s presale and luxury segments, I’ve seen few moments where unsold inventory is spread so broadly: Burnaby currently leads with 1,210 units, followed by Vancouver at 1,020, Surrey at 798, and Coquitlam at 620. Richmond, Kelowna, Langley Township, New Westminster, and Delta all post significant numbers, demonstrating that supply is not just a Metro Vancouver story. Even markets like Langford (188), Esquimalt (173), North Vancouver City (135), Abbotsford (118), and Chilliwack (100) are contributing to the provincewide total of 5,840 units in the listed cities alone. While the common presale narrative blames the surplus on studios and one-bedrooms, the data tells a more nuanced story—size and average price trends suggest broader market forces at play. As always, a precise understanding of the region’s evolving inventory is essential for clients making high-stakes decisions—especially in today’s dynamic landscape.
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