The inventory of completed and unsold condominiums in Metro Vancouver may be less than 1,500 units and one-third of these are in three projects, according to Mark Belling, president of Fifth Avenue Marketing Ltd.
Belling told a recent Housing Outlook Conference in Vancouver that most of the unsold condominiums are in Vancouver's Olympic Village, the Pinnacle project in North Vancouver and Morgan Crossing in South Surrey.
"Our total standing inventory represents about a six-and-a-half-month supply. A very comfortable number," he said.
from Western Investor January 2012
