Downtown VW, Vancouver Condo Market Report – February 2022

Downtown Vancouver West is the vibrant commercial and residential core of Metro Vancouver, encompassing the central business district, Robson Street shopping, the waterfront, and some of the city's highest-density residential real estate. The neighbourhood is defined by a dense mix of high-rise condominiums, luxury rentals, heritage lofts, and mixed-use towers catering to a cosmopolitan urban population. World-class restaurants, performing arts venues including the Queen Elizabeth Theatre and the Orpheum, major hotels, and an unrivalled retail corridor make Downtown VW one of Canada's most liveable urban cores. The Canada Line, Expo Line, and SeaBus provide exceptional transit access to Richmond, Burnaby, North Vancouver, and YVR. Downtown Vancouver West condos command strong prices driven by sustained demand from professionals, international buyers, and investors seeking high-yield rentals in one of North America's most globally recognized cities.

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118
Units Sold
$971,477
Avg Sold Price
27d
Avg Days on Market
Buyer's Market
Market Condition
1,943 active at start of month 176 new listings Absorption rate: 6.1% Highest sold: $3,918,000 Lowest sold: $477,600

How Does February 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
February 2022 (this report) 118 $971,477 27d
January 2022 month prior 96 +22.9% $902,768 +7.6% 39d -30.8%
February 2021 year ago 112 +5.4% $780,563 +24.5%

3-Year Price Trend — Downtown VW, Vancouver Condo

The Downtown VW, Vancouver condo real estate market was a Buyer's Market in February 2022, with 1,943 active listings at the start of the month, 118 properties sold, an average sold price of $971,477, properties averaging 27 days on market, an absorption rate of 6.1%. 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 VW, Vancouver specialist
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Frequently Asked Questions — Downtown VW, Vancouver February 2022

In February 2022, the Downtown VW, Vancouver condo real estate market is classified as a Buyer's Market with an absorption rate of 6.1%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   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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