Penthouse Style Living at FORMAT. Experience elevated urban living in this top-floor, corner 1-bed + den masterpiece set in a premium concrete tower. This south-east facing home, with unobstructed views is flooded with natural light. Features include, triple-pane windows for ultimate quiet, a private patio, the signature "Cressey Kitchen" features premium Fulgor Milano appliances, induction cooking, complemented by concrete floors, and central heating/cooling with an in-suite ERV. Perks include EV parking stall & storage locker conveniently located near the elevator. Stylish amenities include a Rooftop terrace with pizza oven/BBQs, pro fitness center, co-working spaces. full building security system in place for peace of mind. Luxury meets function. Open House July 11, 2 to 4.
Listed by Royal LePage Elite West. Data from BCRES. Last updated Jul 9, 2026, 8:47 PM.
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $145,000 down (20%) on $725,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 980 listings
Detached
393
40.1%
Condo / Apartment
269
27.4%
Duplex
119
12.1%
Townhouse
96
9.8%
Half-duplex
80
8.2%
Other
23
2.3%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Vancouver · 210 dwellings
Apartment in duplex80 · 38.1%
Low-rise apartment65 · 31.0%
Single-detached35 · 16.7%
Semi-detached20 · 9.5%
Row house5 · 2.4%
Other single-attached5 · 2.4%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59150369· Vancouver· Transit 76/100 (1177m to rapid)· 0.08 km²
Median rent here
$1,500
Owner shelter cost
$2,560
Renters
51.3%
30%+ on shelter
28.2%
Population (2021)
538
Median age
38.8
Avg household size
2.7
Avg household income
$108,000
Renters
51.3%
Owners
46.1%
Immigrants
35.6%
Post-secondary
50.0%
Avg home value
$1,400,000
Single status
38.7%
Not in labour force
27.1%
Households with kids
39.0%
Median rent
$1,500
Owner shelter cost
$2,560
30%+ on shelter
28.2%
Breakdown
$15,000 to $19,999
10
5.3%
$20,000 to $24,999
10
5.3%
$25,000 to $29,999
5
2.6%
$30,000 to $34,999
5
2.6%
$35,000 to $39,999
10
5.3%
$45,000 to $49,999
10
5.3%
$50,000 to $59,999
10
5.3%
$60,000 to $69,999
15
7.9%
$70,000 to $79,999
5
2.6%
$80,000 to $89,999
15
7.9%
$90,000 to $99,999
5
2.6%
$100,000 to $124,999
20
10.5%
$125,000 to $149,999
10
5.3%
$150,000 to $199,999
35
18.4%
$200,000 and over
25
13.2%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59150369).
Market story
Rent in Vancouver
Census 2021 avg $1,500/mo here · Vancouver 1BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
