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Number of empty, unsold condos continues to rise in Metro Vancouver — but a shift is coming

Zonda Urban said Tuesday that there were 3,745 empty and unsold condos and townhomes in Metro Vancouver at the end of the third quarter, up from 3,215 at the end of the second quarter, and 2,304 at the end of the first quarter. By comparison, the number of completed and unsold condos during the same period in 2019 was around 500.

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