Condos for the rest of us

If you haven’t woken up to the fact that there’s housing for the 1% and then there’s housing for the rest of us then you just haven’t woken up. The Vancouver condo market is now firmly entrenched into the “us” and “them” markets. The “them” market has managed to push Vancouver into most unaffordable city category and caused much hand wringing amongst civic and other public officials but with little improvement in affordability.

But in the meantime, the “us” market has continued to buy condos in this most unaffordable market. This report has a look at what “us” is actually buying. The tables below show MLS condo sales over the pasty three months by age group, something that most analyst have not looked at.