“The various government interventions have shown little effect on the pre-sale market to date, and with over 10,000 concrete units currently being planned for 2017, Greater Vancouver will continue to have steady absorption figures,” MLA Canada said in a press release.
The number of units released is expected to jump almost 20% to 10,708 in 2017. More than a quarter of these—2,886—will be in Burnaby Brentwood. The next highest activity will be in Burnaby Metrotown, with 1,795 units forecast, followed by Richmond (1,347) and Coquitlam (1,202). Forecasts for Vancouver include 247 units in East Vancouver and 1,094 downtown.