Downtown VW, Vancouver Market Report – March 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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137
Units Sold
$923,977
Avg Sold Price
17d
Avg Days on Market
Buyer's Market
Market Condition
2,075 active at start of month 239 new listings Absorption rate: 6.6% Highest sold: $3,309,900 Lowest sold: $480,000

How Does March 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
March 2022 (this report) 137 $923,977 17d
February 2022 month prior 121 +13.2% $973,721 -5.1% 27d -37%
March 2021 year ago 129 +6.2% $867,820 +6.5%

3-Year Price Trend — Downtown VW, Vancouver

The Downtown VW, Vancouver real estate market was a Buyer's Market in March 2022, with 2,075 active listings at the start of the month, 137 properties sold, an average sold price of $923,977, properties averaging 17 days on market, an absorption rate of 6.6%. 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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