A recent condo sale in downtown Vancouver is yet another example of the tumultuous real estate market.
Unit 1001 at 1139 West Cordova St. just sold for $4.2 million, quite a bit under the asking price of $5,180,000. That’s also well below the most recent assessed value of $5,382,000.
It sold for less than it did in 2024, when it sold for $5 million. However, even more staggering is the fact that the recent sold price of $4.2 million is less than how much the unit sold for in 2009, when it sold for $4,330,000, reflective of tough current market conditions.
Before the most recent listing, which snagged the buyer, the condo was listed twice, once for $5.2 million last July, and again for $5,136,000 last November.
The condo itself, inside the Two Harbour Green building, features two bedrooms, three bathrooms, and 2,667 sq. ft. of space.
According to the listing, it’s one of Vancouver’s “finest developments.”
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The condo offers some pretty stellar views.
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The listing says the condo is just steps from the Seawall.
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The listing says that the pet-friendly building offers “Resort-style amenities include swimming pool, steam room, sauna, whirlpool, gym, games & virtual golf rooms.”
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The sale, and others like it, have led to a lot of conversation about the Vancouver real estate market and what it could look like in the coming years.
Yes prices will crash 80% then revert to what the historical mean was. Million dollar homes in Van going back to 400-500k
— Speculatorhunter (@Speculator98567) February 20, 2026
To lose $800k in 2 years is some fantastically bad investment progress.
— Scott as a Service (@typicalrunt) February 19, 2026
The most recent market report from Greater Vancouver Realtors shows that in January 2026, Greater Vancouver saw 554 apartment sales (down from 791 in December 2025), with 5,375 active listings and a benchmark price of $704,600. Sold apartments are spending an average of 49 days on the market.
This Cordova Street condo spent 48 days on the market from when it was first listed last November.