December 2024 Presale Report: Resilience Amid Winter Hurdles

"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
The Enduring Legacy of Vancouver’s West Side
1 year
Today's real estate market is characterized by one undeniable truth—it's unpredictable. Naturally, this gives potential buyers pause before understanding all the potential risks and challenges they may face while navigating the complexity of the real estate market. Amidst the curveballs that this
Real Estate News
Transit-Oriented Surrey Centre is Poised for Growth
1 year
In the Fraser Valley, Surrey emerges as an area of potential growth despite facing the headwinds of rising interest rates and changing market dynamics. The city has moved through price appreciations and market corrections to head into the last month of the year with tentative hope for the year to
Real Estate News
The Ripple Effect of BoC's Announcement on Presale
1 year
On Wednesday, for the second time in a row, the Bank of Canada announced it would maintain its benchmark interest rate at 5%, continuing its policy of quantitative tightening amid global economic shifts. Bank of Canada holds overnight rate at 5% With the Bank projecting global GDP growth to be 2.9%