What does a home cost in Downtown VW?

Downtown VW has 340 active MLS® listings. The median asking price is $750K, with homes listed from $274K to $5.29M. That is about 46% below the Vancouver median of $1.39M. Figures reflect current asking prices on active listings, not sold prices.

What types of homes are for sale in Downtown VW?

Condo / Apartment listings make up 96% of what is for sale in Downtown VW (327 of 340 listings), with a median asking price of $748K. Townhouse listings are next at 3%, typically asking $925K.

How does Downtown VW compare to other Vancouver areas?

For context across Vancouver: West End VW (median $925K), Yaletown (median $1.05M), Cambie (median $1.69M). Downtown VW is the most affordable of this group by median asking price. Comparing a few adjacent areas is often the fastest way to see whether a listing is priced with its street or against it.

Homes for Sale in Downtown VW, Page 7

Living in Downtown Vancouver: what to know before you buy

Downtown Vancouver is the core of the peninsula between Burrard Inlet and False Creek, taking in Coal Harbour, Yaletown, Gastown, Chinatown, Crosstown and Downtown South. Housing is almost entirely concrete high-rise, strata and rental, over podium retail. The 1991 Central Area Plan turned office land into neighbourhoods, and most of the Coal Harbour and False Creek North towers date from the 1990s onward, with heritage conversions in Gastown and Chinatown.

Three Expo Line stations, Waterfront, Burrard and Granville, and two Canada Line stations, Vancouver City Centre and Yaletown-Roundhouse, put nearly every block within a short walk of a train. Waterfront also has the SeaBus and the West Coast Express. Granville Street buses fan out across the city. Many residents walk to work.

The Central Library on West Georgia, Pacific Centre, the Roundhouse Community Centre and the seawall are all inside the area, as are Rogers Arena and BC Place. Elsie Roy Elementary on Drake Street and Crosstown Elementary on Expo Boulevard serve the downtown peninsula, and both feed King George Secondary.

Owner-occupiers, downsizers and investors all buy here, and the age of the tower is the first filter. Buildings from the 1980s to the late 1990s fall in the leaky-condo era, so read the depreciation report and the envelope and rainscreen history before you commit. Check the bylaws on pets and short-term rentals, and visit on an event night if the unit is near the arena or stadium.

Living in Downtown Vancouver: what to know before you buy