March 15, 2023 Greater Vancouver March 2023 Pre-Sale Pulse


March 2023 Greater Vancouver Real Estate Market Insights

Welcome to the March 2023 episode of the Presale Pulse, a real estate show brought to you by hosts Ryan Lalonde and Suzana Goncalves. Watch the video to understand the latest macroeconomics, pre-sale, and resale trends over the last 30 days affecting the local real estate market across Metro Vancouver and the Fraser Valley. 

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Bank of Canada Keeps Interest Rates Flat

The Bank of Canada held the overnight rate flat at the latest policy meeting but provided cautionary forward commentary. Plus, recent developments in the labour market as well as hotter-than-expected inflation reports in the US, have affected previous optimism that the last of hikes are behind us.

Cautious Optimism is in the Air

There are some promising signs for the pre-sale market and projects launching in today’s market. Developers are actively looking for the right window to launch their product into the market, and we expect this to lead to increased launch activity in late-Spring and Fall markets.

Benchmark Pricing Inches Up

As we head into the Spring season, there are promising signs of improvement in the Metro Vancouver resale market. Most notable is the price appreciation on benchmark pricing.

Pre-sale Projects mentioned in this episode:

Links mentioned in this episode:

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