July 23, 2024 July 2024 Trending Topic: MLA Black Book 2024

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The July 2024 edition of the Presale Pulse Trending Topic explores the insights from the bi-annual Blackbook, a comprehensive review and forecast for Metro Vancouver and Fraser Valley's presale market. Analyzing data from the year's first half, the Advisory team projected 68 launches with approximately 8,600 units released, aligning closely with their forecast for the full year of 110 launches and 13,500 units. 

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Key trends include concentrated activity in submarkets like Surrey, Langley, and Coquitlam, driven by favourable pricing and growth prospects. Despite a lower-than-expected absorption rate of 33%, indicating cautious buyer behaviour, well-capitalized developers with strong branding continue to attract buyers with flexible incentives. Recent policy changes such as Bill 47 and Amenity Cost Charges further influence the market landscape, contributing to a complex, uncertain environment for developers navigating short-term challenges and medium-term planning.

CHAPTERS 

  • Intro (0:00) 
  • Bassano (0:12) 
  • MLA Blackbook (0:54) 
  • Blackbook Key Takeaways (1:07) 
  • Market Forcast (1:18) 
  • Absorption (3:07) 
  • Garde Quote (4:22) 
  • Outro (5:09) 

ADDITIONAL LINKS FOR THIS EPISODE:

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