Here is a snapshot of the current market for condos and townhomes in the Greater Vancouver Area<\/a>:<\/p>\n\n\n\n![\"GVA](\"https:\/\/www.zolo.ca\/blog\/wp-content\/uploads\/2018\/10\/GVA-Housing-Market-Report-Condos-Townhouses-October.jpg\")
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Those shopping for a condo or townhouse may still be feeling the struggle. It’s hard to find an affordable condo or townhouse in the Greater Vancouver Area. But there is a silver lining. In one month, about 20% of Greater Vancouver’s communities are no longer in a seller’s market. That’s good news, but it still doesn’t mean that it’s easy for those looking to purchase a condo or townhouse in the Lower Mainland.<\/p>\n\n\n\n
Of the 15 areas that make up the Lower Mainland, 60% are still in a seller’s market, including Metro Vancouver<\/a>, North Vancouver<\/a> and Richmond, BC<\/a>. The remaining 40% of the GVA areas are now in a balanced market, meaning that supply and demand are evenly matched and prices are stable. But real estate is hyper-local. Even the hottest areas \u2014 such as Metro or Downtown Vancouver \u2014 can shift and offer buyers better options. For instance, Quilchena in Vancouver West and Bridgeport in Richmond, B.C., are now both in a buyer’s market for those looking to buy a condo or townhouse. For a list of the top 10 neighbourhoods for buyers, please see “10 Top Neighbourhoods in the GVA for Buyers of Condos and Townhouses” below.<\/p>\n\n\n\n Here is a snapshot of the current market for condos and townhomes in the Greater Vancouver Area<\/a>:<\/p>\n\n\n\n<\/figure>\n\n\n\nShare this Image On Your Site<\/h4>\n\n\n\n