---
title: "More than 14,000 new condos unsold in Metro Vancouver as presales fall to record low"
description: "Rennie and MLA Canada report a record-low sales pace for new condominiums across Metro Vancouver, with no concrete tower presales launched in all of 2026."
canonical_url: "https://voche.me/news/metro-vancouver-unsold-condos-record-november-2026"
last_updated: "2026-11-02T23:50:53.050Z"
---

More than 14,000 new condominiums sit unsold across Metro Vancouver, and new sales reached a record low in the first half of 2026, according to two market reports. Daily Hive Vancouver reported Monday on Rennie's Fall 2026 market intelligence report and MLA Canada's October 2026 report.

Rennie counted more than 14,000 unsold new condominiums across Metro Vancouver at the end of June 2026. About 56 per cent of those homes, or nearly 8,000, were under construction. Another 15 per cent were in projects where construction had not yet started, and the rest were already finished and waiting for buyers.

## Sales at a record low

Only 1,340 new condominiums sold across Metro Vancouver in the first six months of 2026, Rennie reports. The firm calls this a record low. "Metro Vancouver's condo market isn't really a pre-sale market anymore, it's a new-home market," said Ryan Wyse, market intelligence manager at Rennie, as quoted by Daily Hive.

Rennie notes that no concrete condominium tower presale launches occurred in Metro Vancouver in all of 2026. In September 2026, only two presale projects launched across the whole region, releasing a combined 32 homes. MLA Canada says neither reported a sale and that September's release volume was about 96 per cent below the five-year average for that month.

## More choice for buyers, easing rents

Buyers now have a large selection. Greater Vancouver Realtors listed 16,394 active listings in September 2026, which is 24.3 per cent above the 10-year seasonal average. Condominium resales fell 18.6 per cent from September 2025.

On the rental side, MLA Canada counted 1,001 secured purpose-built rental homes completing construction in September 2026, the largest monthly total of 2026. Average advertised rents in newer buildings tracked by MLA Canada fell to $2,671 per month in September from $2,711 in August. Vancouver's Westside averaged $3,136, Downtown Vancouver $3,039, and Vancouver's Eastside $2,814.

Rennie says it expects unsold inventory to keep rising before the market turns. Residents looking to buy a condo or find a rental in Metro Vancouver can see active listings through local real estate boards; the full reports from Rennie and MLA Canada are published to subscribers.

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