Downtown VW, Vancouver Market Report – February 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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52
Units Sold
$849,728
Avg Sold Price
39d
Avg Days on Market
Buyer's Market
Market Condition
3,027 active at start of month 110 new listings Absorption rate: 1.7% Highest sold: $2,570,476 Lowest sold: $470,100

How Does February 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
February 2023 (this report) 52 $849,728 39d
January 2023 month prior 37 +40.5% $920,545 -7.7% 29d +34.5%
February 2022 year ago 121 -57% $973,721 -12.7%

3-Year Price Trend — Downtown VW, Vancouver

The Downtown VW, Vancouver real estate market was a Buyer's Market in February 2023, with 3,027 active listings at the start of the month, 52 properties sold, an average sold price of $849,728, properties averaging 39 days on market, an absorption rate of 1.7%. 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 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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