The pandemic real estate boom was all about suburban properties with vast, outdoor spaces, and the ability to work from anywhere.

But Stovell said that more recently there has been a feeling that “institutional and consumer investors all the way to homeowners still believe in downtown” with its central location and proximity to work and amenities.

Reliance and the Pattison Group just launched the second condo tower at their Burrard Place development and 2 Burrard Place sold more than 100 out of 239 homes in two days, the companies said in a news release.

Dillon Sangha, market and advisory manager at Urban Analytics, which tracks presale trends, estimates the 2 Burrard units, which range between 435 to 1,800 square feet, were pre-sold at around $1,700 to $1,850 per square foot.