August 2023 Vancouver Real Estate Market Update

This week we highlight notes from the West Side Real Estate market detail:

August update:Sales to active listings ratio July 2023
0 ““ 12 ““ 20

Detached ““ 16.5%

Townhomes ““ 32%
Apartments ““ 30.6%  
–              – –
Jericho Lands
4yr consultation  
Original – 9,000 homes
Now ““ 13,000 homes (24,000 people aprox)  
More than 50% geared towards incomes
30% affordable housing
20% social housing
10% moderate income rentals 
More than 20 buildings exceeding 20 stories
3 towers up to 49 story tower 
The Jericho Coalition –       
cultural spaces & facilities
360 daycare spaces
Community centre
Public elementary school 
Future skytrain station
13kms of foot & bike paths 
20 acres of park space
10 acres of open spaces 
75% of the current 4 acre forest will be retained
–       – – – – – – – – – 
Neighbourhood consultation and majority vote of home owners should be what takes place in this situation.