Pricing a multiplex unit when there are no clean comparables
The usual method does not work well here. There is no HPI benchmark for this format, comparable sales in the same building type and neighbourhood are thin, and the units inside one building are not equivalent to each other.
Vancouver standing inventory
All ground-oriented listings in Vancouver, as of August 25, 2026
29% of active inventory
Counted from active MLS® listings in our own mirror of the feed. Days listed is measured from each listing's contract date to today, because the BC feed does not populate a days-on-market field. This describes inventory still standing on the market, so it reads higher than a sold-side figure would. Sold and closed data is not shown here: it is VOW data and is available only to registered users. There is no published multiplex benchmark from Greater Vancouver REALTORS, so nothing on this page is attributed to the board. This inventory is held across 62 listing brokerages.
Burnaby standing inventory
All ground-oriented listings in Burnaby, as of August 25, 2026
26% of active inventory
Counted from active MLS® listings in our own mirror of the feed. Days listed is measured from each listing's contract date to today, because the BC feed does not populate a days-on-market field. This describes inventory still standing on the market, so it reads higher than a sold-side figure would. Sold and closed data is not shown here: it is VOW data and is available only to registered users. There is no published multiplex benchmark from Greater Vancouver REALTORS, so nothing on this page is attributed to the board. This inventory is held across 33 listing brokerages.
What is not available to you
No multiplex benchmark exists. The board's index covers detached, townhouse, and apartment. If a source hands you a multiplex appreciation rate credited to the board, that number was not published by the board and you should not price from it.
Anyone quoting you a forward appreciation figure for this format is guessing. Prices in Greater Vancouver fell across every published category in the year to June 2026, so the direction is not automatically up either.
What is available
Active competing inventory, which you can see live on the neighbourhood pages: how many units of the same format are on the market in the same area right now, what they are asking, and how long they have been asking it. If eleven similar units are sitting past ninety days at a given price, that price is information.
Sold data, through the proper channel. Closed sales are VOW data, so they are available to registered users on the site rather than published openly. If you need them for a pricing conversation, register.
The unit's own position in the building. Yard, lane exposure, top floor, parking. Within a single building these differences are frequently larger than buyers expect, and pricing every unit off one average is how the good unit gets underpriced and the weak one sits.
The failure we see most
Pricing a brand-new fourplex unit against nearby detached houses because the lot and the street look similar. The buyer is not comparing it to a detached house. They are comparing it to a townhouse and to a condo with more space, and they will price it that way whether or not the listing does.
Questions
Related
Send us the address and the unit mix.
We will look at the live competing inventory for that format and area and tell you what we see, including if the issue looks like price rather than marketing. No cost to ask.
Buying rather than selling? Browse multiplex homes for sale.