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
Transit-Oriented Surrey Centre is Poised for Growth
1 year
In the Fraser Valley, Surrey emerges as an area of potential growth despite facing the headwinds of rising interest rates and changing market dynamics. The city has moved through price appreciations and market corrections to head into the last month of the year with tentative hope for the year to
The Ripple Effect of BoC's Announcement on Presale
1 year
On Wednesday, for the second time in a row, the Bank of Canada announced it would maintain its benchmark interest rate at 5%, continuing its policy of quantitative tightening amid global economic shifts. Bank of Canada holds overnight rate at 5% With the Bank projecting global GDP growth to be 2.9%
Finding Balance in Langley’s Real Estate Market
1 year
The Fraser Valley is preparing for a surge in the pre-sale market in the early part of 2024, tailing closely behind Greater Vancouver in forecasted activity and project launches. Despite the potential headwinds posed by increasing interest rates and fluctuating market conditions, areas within the