This Fall, the pulse of the presale market has continued to show signs of strength with many positive economic indicators and the unveiling of several new major developments. Since September 1st, 26 new projects have been brought to market in Metro Vancouver!

High-profile releases such as Trump Tower (Holborn Group), One Pacific (Concord Pacific), Modello (Boffo Developments), Delta Rise (Blexo Developments), The Shore (Adera) and RedBrick (Amacon) are examples that highlight one of the most active quarters we have seen in recent years. The scale and number of these highly regarded developments not only reflect confidence in the Metro Vancouver real estate market, but signal the next wave of construction activity.

What’s on the horizon for 2014? Many developers are working through the development application process on some exciting new projects. Plans for Westbank’s 1400 Howe Street, a 52 storey tower architectural masterpiece designed by world renowned Danish architect, Bjarke Ingels, located at the north end of the Granville Street Bridge. Concert Properties and Concord Pacific are both working on proposals for masterplanned communities along False Creek consisting of several new high-rises and new parks. Anthem Properties and Beedie Living are planning the next phases at Station Square, Metrotown in Burnaby.

But measuring the health of the real estate market is more than the number of new developments brought to market. Look for our 2014 forecast in an upcoming blog post; we will look at some economic indicators and other influences and statistics to reflect what the coming year will mean for home buyers.