Jay Mcinnes

Mobile: 604-771-4606

EMAIL

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% 
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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
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Neighbourhood consultation and majority vote of home owners should be what takes place in this situation.