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December 2024 Presale Report: Resilience Amid Winter Hurdles

December 09, 2024

"Many developers who began previews in October have decided to put the brakes on launches due to lack of traffic and buyers. Despite this, the seven projects that launched in November saw reasonable success in context of a slow 2024. Based on our active projects, absorptions in the presale space are

Real Estate News

Federal Budget 2024: Addressing Housing Affordability and Economic Equity

6 months

The 2024 Federal Budget, as unveiled by Finance Minister Chrystia Freeland in April, marks a significant shift toward addressing the concerns of younger generations with substantial measures aimed at improving housing affordability and availability. With the problem well established, this Budget

Real Estate News

Spring Real Estate Outlook: New Launches to Watch

7 months

This spring, the real estate market has seen a significant rise in momentum with more developers launching new projects and taking advantage of the typically heightened seasonal demand. March saw a remarkable increase in presale activity compared to the same period last year, with major launches

Real Estate News

Recent Canadian Housing Policies: How the Market Has Responded

7 months

As Canada approached election season in the first quarter of 2024, the government at federal, provincial, and municipal levels enacted several key policies aimed at tackling the persistent issues within the housing market, primarily driven by the housing crisis. These policies collectively sought to

Real Estate News

A Look at Canadian Housing Policies and Their Impact in Q1

7 months

The first quarter of 2024 was marked by significant political activity from all levels of government in Canada, largely in response to the ongoing housing crisis. As elections draw near and housing remains a critical issue for many Canadians, a slew of policies and promises have emerged, aimed at

Real Estate News

The Surrey Market: A Hotspot in 2024

8 months

As we venture into the second quarter of 2024, Surrey's real estate market is distinguishing itself as a potential area of opportunity within Metro Vancouver. Surrey has seen a surge of activity in the early months of the year, with the number of concrete tower launches already surpassing the entire

Real Estate News

Alberta Real Estate Investment is a Beacon of Opportunity

8 months

Alberta's real estate landscape is sitting at the forefront of Canadian investment opportunities. With Calgary steering toward diversified and stable growth, moving away from the cyclic boom-and-bust of the past, the province shines as Canada's brightest light in real estate investment. A

Real Estate News

Trends and Insights Influencing the Okanagan Spring Market

8 months

As we step into March 2024, the Okanagan real estate market reflects a landscape shaped by various economic forces and policy changes. Over the past year, the market has undergone a period of adjustment, responding to shifts in borrowing costs, regulatory interventions, and external factors such as

Real Estate News

BC’s New Flipping Tax and the Implications on Presale Investments

9 months

In late February, the provincial government announced its intention to institute the BC home flipping tax, set to take effect on January 1, 2025. The tax, part of the Provincial Budget 2024, targets income from properties sold within two years of purchase in British Columbia, aiming to discourage

Real Estate News

The Renting Dilemma: Unveiling Metro Vancouver's Rising Costs and Gaps

9 months

As rent prices climb and vacancy rates remain consistently below the national average, the evolving rental market is poised to take center stage in Vancouver's real estate discussions throughout 2024. Join us as we break down the challenges and opportunities shaping the region's rental landscape