Landmark on Robson by Asia Standard Americas.
- 30 units sold in concrete high-rise in Downtown Vancouver.
- $1.25 million average price.
- $37.5 million total sold revenue.
- 30 sold townhomes in Burquitlam, Coquitlam
- $1.23 million average price.
- $37 million total sold revenue.
Solana (Building A and B) by Zenterra Developments
- 55 units sold in wood frame apartment in Willoughby, Township of Langley.
- $590,000 average price.
- $32 million total sold revenue.
- 50 units sold in concrete high-rise in Whalley, Surrey.
- $460,000 average price.
- $23 million total sold revenue.
Partington Creek by Polygon Homes.
- 15 townhomes sold in Burke Mountain, Coquitlam.
- $1.4 million average price.
- $21 million total sold revenue.
Skylark (Building 1 and 2) by Polygon Homes.
- 24 townhomes sold in Burke Mountain, Coquitlam.
- $730,000 average price.
- $17.5 million total sold revenue.
Rockford by Cressey Development.
- 12 units sold in concrete low-rise in Ocean Park, Surrey.
- $1.41 million average price.
- $17 million total sold revenue.
The Merchant by Westmont Homes.
- 34 units sold in wood frame apartment in City of Langley.
- $470,000 average price.
- $16 million total sold revenue.
Highstreet Village (Building 6) by AB Wall.
- 32 units sold in wood frame apartment in Clearbrook, Abbotsford.
- $480,000 average price.
- $15 million total sold revenue.
Addition by Redekop Ferrario Properties.
- 12 townhomes sold in Willoughby, Township of Langley.
- $925,000 average price.
- $11 million total sold revenue.
We can see from the data that most of the developments are in the suburbs, with Surrey, Langley (Township and City) and Coquitlam showing particularly strong performance. The exception is Landmark on Robson in Vancouver. As Rai explained in an earlier interview, the suburbs are where most high-revenue projects were located during 2024 as well. Although we have now seen one project in the City of Vancouver taking the top spot, overall the data appears to be confirming this trend.
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The trend continues to shift toward more affordable wood-frame apartments and townhomes in suburban areas.
Darcy Rai
President of Real Property Data
Market trends point toward wood-frame construction.
Another trend we see continuing is the prevalence of wood-frame construction. Whether in the form of townhomes or strata complexes, wood-frame appears in many spots on the list. However, there are still a few concrete high-rises present.
Many developers and agents have reported that townhomes in particular remain a strong market category in an otherwise sluggish New Homes market, and the data appears to back this up, too. For instance, the number two development on this list, Ridgewood by Polygon in Coquitlam, is a townhome development. According to Neil Chrystal, President and CEO of Polygon, “Our success in launching Ridgewood has been a bright spot in a time where we've had prolonged slow sales and uncertainty in the real estate market.” Townhomes made up four of the ten top-earning New Homes projects during the first quarter of 2025.
“In the first quarter of last year, 80% of the top-performing projects were concrete high-rises. This year, that figure has flipped, with only 20% of high-rises making the list,” says Rai. “The trend continues to shift toward more affordable wood-frame apartments and townhomes in suburban areas. Meanwhile, buyers with a longer investment horizon are adopting a wait-and-see approach due to uncertainty around tariffs and the upcoming federal election.”
The takeaway from this data appears to be that while overall sales figures are down, agents in the New Homes space should remain focused on market segments currently doing well: townhomes and wood-frame construction. Suburban areas are seeing stronger demand and better sales, including Surrey, Langley (Township and City) and Coquitlam. For more insights and information like this, be sure to sign up for REW’s New Homes Insider, delivered to your inbox every month
