A national condo survey was unable to find any new condos selling for less than half a million dollars in Vancouver. The survey, conducted by Atlus Group, compared what $500,000 would buy in new condo markets across Canada in 2017. Vancouver was the only city in which researchers were not able to find any units at that price point or below. "Buyers would need to go into nearby markets like Burnaby to find projects offering one-bedroom units at this price point," reads a release from Atlus. Condo sales are also on the rise in Edmonton and Calgary, which the survey suggests is evidence of economic recovery in the two Alberta cities.

Source: CBC News February 14, 2018 19:07 UTC