As fall sets in, Metro Vancouver’s presale market is navigating a period of change. After months of uncertainty driven by inflation and rising interest rates, we’re now seeing new opportunities emerge as economic conditions evolve and developers bring long-awaited projects to market. For buyers and investors prepared to act, there are important strategic opportunities to be found in the presale market.  

With a number of new projects finally coming online this fall and early 2025, MLA Canada is proud to present three standout developments: Emerald, Rhodes, and Spera. From dream homes to investment properties, these projects offer compelling presale options. 

Let’s take a closer look at each of these exciting projects and why now is the perfect time to consider getting into the market. 

Emerald: The Rarest Collection on the North Shore 

Location: North Vancouver 
Website: Emerald 
Developer: Woodbridge Homes & Citimark 
Status: Now Selling 

Emerald brings a boutique collection of luxury townhomes and condos to one of North Vancouver’s most desirable new neighbourhoods. Balancing architectural, modern design amidst the backdrop of the North Shore Mountains, Emerald is ideal for those who are looking for the serenity of nature while enjoying all the possibilities of the city.  

Key Features: 

• Limited Collection: 41 one- to four-bedroom townhomes, city homes, and garden homes, all located in North Vancouver’s emerging Lion’s Gate Village neighbourhood. 
   
• Prime Location: The distinguished Lions Gate Village is connected to the bountiful nature on the Capilano River through nearby paths and trails as well as everything the city can offer through the Lions Gate Bridge.  
   
• Natural Surroundings: Located alongside the Capilano River and adjacent to Klahanie Park, a biome of true nature where plentiful trees blanket the city skyline. 

Emerald’s modern design and unbeatable location make it a compelling option for those seeking tranquillity on the North Shore. 

Register: https://www.liveatemerald.ca/  

Rhodes: Exclusive Elegance by Queen Elizabeth Park 

Location: Vancouver 
Website: Rhodes 
Developer: Listraor and Locarno Legacy 
Status: Now Selling 

Situated alongside Queen Elizabeth Park, Rhodes offers an elevated living experience through a limited collection of 62 one- to three-bedroom luxury townhomes. With its exclusive feel and connection to one of Vancouver’s most iconic green spaces, Rhodes is designed for those seeking privacy, prestige and sophistication. 

Key Features: 

• Parkside Setting: Set back from the Cambie Corridor on quiet and private Kersland Drive, across the street from Queen Elizabeth Park. 
   
• Prestigious Neighbourhood: Coveted west side address, with proximity to top-tier public and private schools, plus easy access to Langara College, Cambie Village, downtown and YVR via rapid transit.  
   
• Adjacent to Oakridge: Steps away from the 28-acre cultural hub taking shape in Oakridge Town Centre. Indulge in leisure spanning luxury shopping, world-class dining, and state-of-the-art recreation. 

Rhodes is a standout choice for buyers seeking elegance and convenience in one of Vancouver’s most naturally beautiful settings. 

Rhodes is now selling! Schedule your private tour today: https://rhodesqe.com/   

Spera: Convenient, Modern Living in Surrey 

Location: Surrey, BC 
Website: Spera 
Developer: Northwest Development 
Status: Coming Soon 

Spera envisions a bold new future with stylish, affordable living in Surrey, with 233 one- to three-bedroom homes. Minutes from the lush trails of Bear Creek Park and set back from King George Boulevard, Spera Surrey is a transformative new condominium community offering a compelling case for buyers. 

Key Features: 

• Smart Homes: Spera features contemporary, lowrise architecture and a variety of bright, spacious floorplans. Practical amenities including a gym, rooftop patio, and coworking spaces provide added value. 
   
• Smart Location: Spera offers effortless commutes via car or Skytrain with diverse retail, dining and amenity options just moments away. Residents can also immerse themselves in nearby parks, trails and biking paths for endless weekend adventures.  
   
• Smart Investment: As one of the fastest-growing cities in the province, Surrey offers significant upside for both homeowners and investors. With new infrastructure projects, including rapid transit expansion and a burgeoning tech industry, Surrey’s real estate market is primed for growth. 

Spera’s combination of convenience and growth potential makes it an attractive option for buyers looking to invest in Surrey’s bright future. 

Register: https://sperasurrey.com/ 

Navigating a Changing Market: Why Now is a Good Time to Buy 

While clear economic challenges persist, including inflationary pressures and a higher cost of borrowing, there are strategic reasons to buy in the current market. Conditions are evolving, and some factors are starting to favour buyers and investors again: 

• October’s Bank of Canada Rate Cut: October’s outsized rate cut of 50 basis points offers some relief to buyers, with further help on the way. While rates remain higher than in previous years, markets are pricing in multiple future rate cuts, with the Bank of Canada itself signalling the potential of more to come in recent remarks. 
   
• Reduced Competition: Economic uncertainty has caused many potential buyers to delay their purchases, resulting in less competition in the market. With fewer bidding wars and a calmer market, buyers may find it easier to negotiate and secure the properties they want on their timeline. 
   
• Increased Inventory: Projects that were delayed due to economic uncertainty are now hitting the market, creating more inventory and providing buyers with increased options. For those who have been patient, this could represent a chance to find the right property without the same level of market pressure that characterized previous years. 

While the market remains challenging, the shift in conditions means there are windows of opportunity for those prepared to act strategically.  

Buyers who stay informed and are able to navigate these evolving conditions could find themselves in a strong position, particularly with projects like Emerald, Rhodes, and Spera offering a range of price points and investment potential.