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Downtown Vancouver luxury presale condo project testing market


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Presale condos started selling in 2015 for One Burrard Place, which should be completed in the fall of 2021. Photo by Reliance Properties /PNG
Reliance and the Pattison Group just launched the second condo tower at their Burrard Place development and 2 Burrard Place sold more than 100 out of 239 homes in two days, the companies said in a news release.
Dillon Sangha, market and advisory manager at Urban Analytics, which tracks presale trends, estimates the 2 Burrard units, which range between 435 to 1,800 square feet, were pre-sold at around $1,700 to $1,850 per square foot.
The 35-storey, 2 Burrard Place will be next to One Burrard Place, another condo tower, which will be 60 storeys. Its presales sold out in 2015 and it’s now nearing completion. ....

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