August 2025 Real Estate Market Insights
Step into the August 2025 edition of Presale Pulse, where hosts Suzana Goncalves and Brittany Reimer, joined this month by Okanagan partner Taylor Musseau, deliver a fresh perspective on market conditions across Greater Vancouver, the Fraser Valley, and the Okanagan. Filmed on location at the Movala Presentation Centre in Kelowna, this episode blends macroeconomic updates with on-the-ground insights from one of BC’s most desirable summer destinations.
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Macroeconomy: Flatlining, Not Freefall
The Bank of Canada kept rates steady at 2.75% for the third time, signalling a surprisingly stable economy despite global turbulence. GDP inched down just 0.1% in May, and cautious optimism is emerging as consumers adjust. Still, new 35% U.S. tariffs and the looming 2026 trade deal expiry could bring fresh challenges.
Okanagan & Presale Market: Demand Mismatch Persists
Like Metro Vancouver, the Okanagan is seeing high inventory but softer demand. Sales are up slightly year-over-year but remain far below historical norms, with many presale projects moving only one home a month. Investor interest has faded, leaving smaller units harder to sell, while family-focused product draws attention but faces pricing hurdles.
Resale Market: Summer Slowdown Continues
July brought modest sales gains in Greater Vancouver and flat numbers in the Fraser Valley, both still below 10-year averages. Inventory remains high, and benchmark prices slipped 0.7% month-over-month in both regions. With sales-to-listings ratios firmly in buyer’s market territory, conditions continue to favour those on the purchasing side.
Presale Projects mentioned in this episode:
• Movala - Stober Group
• Somerset Heights - Boyd Wilson
Links mentioned in this episode:
• August 2025 Presale Pulse Report
• MLA Advisory Services and Sample Reports
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