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

"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

"Activity remained strong in August including promising absorption of concrete product. We do believe there could be a slight pullback in September as people adjust again to new rhythms with schools back in session.” Suzana Goncalves EVP, SALES AND MARKETING; PARTNER, MLA CANADA HIGHEST PRESALE

"Sales volumes remain steady within presale as townhomes continue to outperform and the economy recovers.” Suzana Goncalves EVP, SALES AND MARKETING; PARTNER, MLA CANADA LAUNCHES ACROSS NUMEROUS SUBMARKETS There were six project launches in July 2020 that released approximately 221 units to market

"We remain optimistic about growing sales activity and stable pricing and don’t expect to see any drop in activity as we historically often do during Summer. We continue to monitor closely how further Covid-19 impacts consumer confidence and the market as a whole, particularly as our neighbours down