Downtown VE, Vancouver Market Report – February 2025

Downtown Vancouver East encompasses the revitalized east side of Vancouver's city centre, including the historic Gastown district, Chinatown, and the evolving Railtown neighbourhood. Long undervalued relative to its western counterpart, Downtown VE has experienced significant gentrification and development activity, drawing creative industries, tech startups, restaurants, and boutique retail to its heritage brick streetscapes. Real estate includes character warehouse conversions, heritage lofts, newer concrete condo towers, and mixed-use residential buildings that appeal to artists, young professionals, and lifestyle-conscious buyers. The neighbourhood is served by the Expo Line's Stadium-Chinatown and Main Street-Science World stations, providing rapid transit throughout Metro Vancouver. Ongoing investment and redevelopment in Chinatown and along East Hastings continue to evolve Downtown VE's identity, making it one of Vancouver's most dynamic and value-driven real estate opportunities.

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11
Units Sold
$747,364
Avg Sold Price
47d
Avg Days on Market
Buyer's Market
Market Condition
778 active at start of month 19 new listings Absorption rate: 1.4% Highest sold: $2,100,000 Lowest sold: $407,000

How Does February 2025 Compare?

Period Units Sold Avg Sold Price Avg DOM
February 2025 (this report) 11 $747,364 47d
January 2025 month prior 6 +83.3% $793,167 -5.8% 39d +20.5%
February 2024 year ago 5 +120% $825,000 -9.4%

3-Year Price Trend — Downtown VE, Vancouver

The Downtown VE, Vancouver real estate market was a Buyer's Market in February 2025, with 778 active listings at the start of the month, 11 properties sold, an average sold price of $747,364, properties averaging 47 days on market, an absorption rate of 1.4%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Downtown VE, Vancouver specialist
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Frequently Asked Questions — Downtown VE, Vancouver Market

Last Update: 06/04/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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