Vancouver's new condo development pipeline is shifting. After years of record-breaking presales and a construction boom that kept cranes visible across the skyline, the market has entered a more cautious phase. Rising construction costs, tighter financing conditions, and softened buyer demand have slowed new project launches significantly. But the pipeline of projects that launched before the market cooled is still delivering, and 2026 is shaping up as one of the most significant years for new condo completions in Metro Vancouver in recent memory, even as the pipeline beyond this year narrows considerably.
What the 2026 Development Landscape Looks Like
According to reporting by STOREYS, major developers, including Anthem, Concert, Concord Pacific, and PCI Developments, all have notable projects reaching completion in 2026. The mix skews heavily toward projects that broke ground during the pre-2022 cycle, when presale activity was at its peak. Looking ahead, the completion lists for 2027 and 2028 will be considerably shorter, particularly for ownership-oriented condos, as developers have responded to current conditions by pivoting toward purpose-built rental rather than strata ownership projects.
This dynamic matters for buyers. The new build condo supply in Vancouver that remains available for purchase, whether as presale units or newly completed strata condos, represents a finite opportunity before supply drops sharply. Buyers who have been waiting on the sidelines may find that the best selection exists right now, before the completion wave of 2026 is absorbed and new launches remain subdued.
Notable Projects Completing in 2026
Nuvo — Burnaby (Anthem Properties)
Anthem Properties' 44-storey Nuvo tower in Burnaby's Metrotown neighbourhood reached completion in early 2026. Located immediately adjacent to SkyTrain's Patterson Station, Nuvo features approximately 360 strata market condominium homes and contributes to one of the fastest-growing high-density clusters in Metro Vancouver. The Metrotown area has been a focus of significant transit-oriented development and continues to attract strong buyer interest for its connectivity and urban amenity base.
Myriad — Coquitlam (Concert Properties)
Concert Properties' 50-storey Myriad tower at 567 Emerson Street in Coquitlam is one of the largest projects to be completed around SkyTrain's Burquitlam Station in 2026. The project contains approximately 470 strata market ownership condominium homes and concludes Concert's Heart of Burquitlam master-planned community. As Daily Hive reports, this development is representative of the large-scale, amenity-rich transit-oriented communities that have reshaped the Tri-Cities corridor.
Concord Brentwood Phase One — Burnaby (Concord Pacific)
Concord Pacific's massive Brentwood development continues to take shape with Phase One reaching substantial completion in 2026. This phase alone includes three towers, 65, 45, and 33 storeys, totalling nearly 1,400 condo units, making it one of the most significant single deliveries of new ownership condos in the Vancouver region in recent years. A standout feature is the 66,000-square-foot Sky Park, a rooftop amenity space connecting the towers with outdoor recreation areas and a running loop.
Georgetown 2 — Surrey (Anthem Properties)
Anthem's 31-storey Georgetown 2 tower in Surrey is also set to be completed in 2026, contributing to the rapid densification of the Surrey City Centre area. Surrey's SkyTrain-connected neighbourhoods have become a primary destination for buyers priced out of Vancouver and Burnaby, and developments like Georgetown 2 have played a significant role in establishing the area as a legitimate urban destination rather than just a suburban alternative.
King George Hub Final Phase — Surrey (PCI Developments)
PCI Developments' King George Hub reaches its final chapter in 2026 with the completion of Tether, a 40-storey rental tower with 406 units adjacent to SkyTrain's King George Station. While this phase is purpose-built rental rather than strata ownership, it represents the culmination of one of Metro Vancouver's most ambitious transit-oriented developments, which has transformed the area around King George Station into a fully realized mixed-use community.
The Presale Market in 2026: What Buyers Need to Know
For buyers interested in purchasing a presale condo in Vancouver in 2026, the landscape is considerably more constrained than it was two or three years ago. New project launches have slowed dramatically as developers struggle to make the economics of new strata condo construction work at current land, labour, and material costs alongside a cautious buyer market.
Downtown Vancouver, Kitsilano, and the Cambie Corridor continue to see presale activity, but at a reduced pace. The Westside of Vancouver, in particular, faces supply constraints driven by restrictive development policies that have historically supported long-term price appreciation in completed strata units, even during softer market periods.
Buyer Incentives Are Back
One notable shift in the current presale environment is the return of buyer incentives, something largely absent during the peak years. Reduced deposits, assignment flexibility, extended completion dates, and upgrade credits are now being offered by developers who need to move presale inventory in a more cautious buyer environment. Buyers who engage with presale projects in 2026 have more negotiating leverage than any cohort since before the pandemic.
Looking Ahead: The Supply Cliff After 2026
Perhaps the most important context for anyone tracking the Vancouver condo development pipeline is what happens after the current completion wave passes. With new construction starts having dropped significantly and developer insolvencies having removed several projects from the pipeline, the completion lists for 2027 and 2028 are expected to be far shorter and dominated by purpose-built rental rather than ownership condos. For buyers with a medium-term horizon, the window of strong supply and buyer-friendly conditions in the new build market may be shorter than it appears.
For those tracking the Vancouver development market in real time, REW's new developments page provides a current listing of active projects across Metro Vancouver with estimated completion dates and developer details.
