OPEN HOUSE SUN 11-12:30pm Welcome to Unit 605 at 732 Cormorant — a rare 1,273 sq.ft. two bedroom, two bathroom plus office condo offering the space of an earlier era with the comforts of a newer building. Built when downtown floor plans were still generous, this home gives you the best of both worlds: real square footage and modern finishes. Floor-to-ceiling windows fill the space with natural light, while hardwood floors and stone countertops tie the home together. The primary bedroom features a spacious walk-in closet and en suite bathroom, and the second bedroom is flanked by the laundry and a four piece bathroom. Just off the living room, French glass doors open to a fully separate home office, ideal for working from home without sacrificing living space. Located at the edge of the downtown core, you get easy access to everything the city offers without the traffic and congestion of being right in the thick of it. A well-proportioned, move-in ready condo in a sought-after location.
Property details
2
Beds
2 full
Baths
1,273 ft²
Floor area
2005
Year built
1
Parking
$814/mo
Strata fee
$5,382/yr
Gross tax
Location & structure
Single Family
Type
Downtown
Area
Listed
July 2, 2026
Structure
Apartment
PID
026-573-440
Property highlights
City view
Features & inclusions
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
Heating
Baseboard heaters, Electric
Cooling
None
Lot
Other
Community
Family Oriented, Pets Allowed
Additional details
Common interest
Condo/Strata
Listed by RE/MAX Camosun. Last updated Jul 8, 2026, 2:50 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and 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 $189,980 down (20%) on $949,900, 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.
Inventory mix
What this area trades in
Within 3 km of this listing · 703 listings
Condo / Apartment
458
65.1%
Detached
143
20.3%
Townhouse
63
9.0%
Land
13
1.8%
Duplex
12
1.7%
Other
14
2.0%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
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
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Victoria · 380 dwellings
High-rise apartment270 · 71.1%
Low-rise apartment105 · 27.6%
Other single-attached5 · 1.3%
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 #59170809· Victoria· 0.13 km²
Median rent here
$1,620
Owner shelter cost
$1,340
Renters
74.0%
30%+ on shelter
38.4%
Population (2021)
787
Median age
38.0
Avg household size
1.5
Avg household income
$84,800
Renters
74.0%
Owners
27.4%
Immigrants
20.8%
Post-secondary
70.5%
Avg home value
$550,000
Single status
53.6%
Not in labour force
19.1%
Households with kids
5.2%
Median rent
$1,620
Owner shelter cost
$1,340
30%+ on shelter
38.4%
Breakdown
Under $5,000
20
5.1%
$5,000 to $9,999
10
2.5%
$10,000 to $14,999
5
1.3%
$15,000 to $19,999
15
3.8%
$20,000 to $24,999
15
3.8%
$25,000 to $29,999
20
5.1%
$30,000 to $34,999
15
3.8%
$35,000 to $39,999
15
3.8%
$40,000 to $44,999
20
5.1%
$45,000 to $49,999
10
2.5%
$50,000 to $59,999
35
8.9%
$60,000 to $69,999
35
8.9%
$70,000 to $79,999
30
7.6%
$80,000 to $89,999
25
6.3%
$90,000 to $99,999
25
6.3%
$100,000 to $124,999
40
10.1%
$125,000 to $149,999
20
5.1%
$150,000 to $199,999
20
5.1%
$200,000 and over
20
5.1%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170809).
Market story
Rent in Victoria
Census 2021 avg $1,620/mo here · Vancouver 2BR rent 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.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
