January 2025 Presale Report: Market Lows and Steady Strides

"The holiday months are typically quiet as sales galleries close and kids are off for Winter Break. This year was no exception, and it shows in the data. As we enter a new year in the presale space, developers remain challenged with the same themes from last year – mainly high costs to deliver and
Real Estate breakout year
3 years
Could 2021 Be the Real Estate Breakout Year? By Cameron McNeill, Executive Director, Partner at MLA Canada 2020 was the year that most of us will never forget. And now that it is in our rear-view mirror, our mind shifts to 2021, and on the road bumpy ahead. But very likely, it could be a strong
JANUARY 2021 PRE-SALE REAL ESTATE INSIGHTS
4 years
December Real Estate Market Data & Insights "Unsurprisingly the presale market was focused on current inventory over releasing new product which will be pushed into the New Year. Presale sales remained strong through the month regardless of the holiday break similar to the resale market which saw
DECEMBER 2020 PRE-SALE REAL ESTATE INSIGHTS
4 years
November Real Estate Market Data & Insights "We typically see inventory and sales transactions adjust down seasonally this late into the year so it’s not a surprise to see volumes lower in November than October. However, November resale stats still well above the 10-year average and up from 2019
2020: The Year No One Predicted
4 years
2020 turned out to be a year that no one could have predicted, and that certainly rings true for Vancouver’s real estate industry. When the clock struck 12:00 am on January 1st, 2020, we had no idea of the impact COVID-19 would have on our local economy. We first felt the impact of the pandemic on
NOVEMBER 2020 PRE-SALE REAL ESTATE INSIGHTS
4 years
"Another record-setting month in October with over 6000 MLS sales transactions across Greater Vancouver and the Fraser Valley along with strong absorptions in the presale market in both existing inventory and newly released projects as the flight to space continues.” Suzana Goncalves EVP, SALES AND
MLA SPOTLIGHT CAMBIE CORRIDOR
4 years
In 2017, the Cambie Street Corridor was one of the hottest pre-sale markets in the Lower Mainland. Like all other parts of the housing market over the past 24 months, both demand and supply have pulled back. In our analysis, we uncovered three key insights worth noting about where it is today and
OCTOBER 2020 PRE-SALE REAL ESTATE INSIGHTS
4 years
"Momentum continued into September with record setting resale activity in some categories and many buyers opting for space further and further away from the Vancouver CBD. We also saw a strong single month absorption rate for new product and reasonable absorption of concrete product.” Suzana