Downtown VW, Vancouver Condo Market Report – June 2023

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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75
Units Sold
$951,032
Avg Sold Price
23d
Avg Days on Market
Buyer's Market
Market Condition
3,209 active at start of month 176 new listings Absorption rate: 2.3% Highest sold: $2,899,900 Lowest sold: $213,000

How Does June 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
June 2023 (this report) 75 $951,032 23d
May 2023 month prior 77 -2.6% $989,624 -3.9% 30d -23.3%
June 2022 year ago 77 -2.6% $836,383 +13.7%

3-Year Price Trend — Downtown VW, Vancouver Condo

The Downtown VW, Vancouver condo real estate market was a Buyer's Market in June 2023, with 3,209 active listings at the start of the month, 75 properties sold, an average sold price of $951,032, properties averaging 23 days on market, an absorption rate of 2.3%. 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 June 2023

In June 2023, the Downtown VW, Vancouver condo real estate market is classified as a Buyer's Market with an absorption rate of 2.3%. 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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