BC Standing Inventory Reached 6.7K

BC’s housing landscape is shifting, with standing inventory now at 6,700 homes across the province—including 5,500 condos, as well as townhomes and some multiplex units. What stands out: this inventory isn’t just concentrated in the biggest cities. Burnaby leads with 1,210 unsold homes, while Vancouver follows at 1,020, Surrey at 798, and Coquitlam at 620. Richmond (396), Kelowna (372), Langley Township (276), New Westminster (224), and Delta (211) also reflect this broader spread. Even cities like Langford (188), Esquimalt (173), North Vancouver (135), Abbotsford (118), and Chilliwack (100) contribute to the overall count of 5,840 among tracked urban markets. While it’s common to hear that studios and one-bed presales are driving this inventory, the data tells a different, more nuanced story across home sizes and price points. In my experience working in neighbourhoods from North Vancouver to Burnaby and Vancouver West, this kind of market detail is key for buyers and sellers making informed decisions.