Mount Pleasant
Mount Pleasant
Real Estate
Watch RealTours™: Mount Pleasant
It’s the ultimate guide to Mount Pleasant as host Stephen Tadgh samples what this neighbourhood has to offer with area expert Adina Dragasanu.
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Mount Pleasant’s job market is changing, and in response, its housing stock is, too.
Climbing to new, happy heights.
On the housing front, Mount Pleasant really has it all – entry-level condos, townhomes, stratified duplexes and triplexes and detached homes. But even with so much diversity, living in this highly desirable neighbourhood comes at a cost. If you want to get into this area, here’s what the data has to say.Data correct as of 26 November 2024.Listings
170
Two-year trend.
As mentioned, Mount Pleasant is full of many different types of homes. The number of active listings tends to fluctuate, but seems to oscillate around the 300 mark. This is not an especially high level of inventory compared to some other neighbourhoods, which may mean it’s best to have a few different listings in mind when working with an agent here.
For instance, in the False Creek Flats region near Pacific Central Station, “This is a major area that the city is focusing on in terms of job growth,” area expert and RealTours cast member Adina Dragasanu at Oakwynn Realty Ltd. explains. “There's about 600 businesses and about 8,000 jobs in the region. The City is looking to increase that from 8,000 jobs to over 30,000 jobs in the next 20 years.” Therefore, expect serious competition for units in this particular area.
Listing volume
Two-year trend
Single-family
Single-family homes have historically been Mount Pleasant’s identifying housing type, but they’re being replaced or stratified recently.
Condo
Condos are quickly becoming predominant in Mount Pleasant.
Townhome
Townhome construction is on the rise in Mount Pleasant.
Multi-family
Duplexes, triplexes and multi-family homes will likely come onto the market as well due to recent provincial legislation changes.
Quote
22/01/2025
“If you're looking to get into the market and work your way up, I think Mount Pleasant is one of the best places to start.
Adina DragasanuOakwyn Realty Ltd.
Listing prices
Two-year trend
The median list price in Mount Pleasant has been hovering near $1 million for quite a while. It occasionally dips or spikes, but tends to return to this baseline. This level of stability is good if you’re planning to buy here, because you can budget accordingly. It may also be a result of densification efforts putting downward pressure on prices. While detached homes may be in the multi-million dollar range, condos and stratified character homes are priced much lower.
“I think this is a stepping stone for young buyers with families,” as Adina explains regarding densification. “It's also a stepping stone for downsizers who want to be able to stay in the neighbourhood but don't want the maintenance of a big house."
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