Spring Real Estate Outlook: New Launches to Watch

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Spring Real Estate Outlook: New Launches to Watch

May 2, 2024

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 attracting considerable buyer interest.

Overall, 11 new projects were introduced, releasing 1,552 units to the market—a more than threefold increase compared to March 2023. The new presale projects launched in March sold 416 units, resulting in a same-month absorption rate of 27%. In April, we forecasted 10 projects and just under 2,000 homes to come to market in Greater Vancouver.

In line with the Spring momentum, we are excited to introduce a series of innovative real estate projects launched across various regions, thoughtfully designed to support community living with modern amenities and functional, attractive spaces.

How Burnaby Became a Centre of Connectivity and Culture

In the heart of Metrotown, Nido by Wanson Group stands out as the only six-storey, wood-frame building in the area, offering beautifully finished Jr 1-bedroom to 2-bedroom homes. With only 90 homes available, Nido is located just two blocks from Royal Oak Skytrain station and within walking distance of essential services. Life at Nido promises convenient living with its spacious homes, expansive rooftop patio, and ground-level retail spaces. Be among the first to learn more and register here.

Not far away, Boffo’s long-anticipated masterplan community, Bassano, is coming to Brentwood. Inspired by their Italian origins, Boffo introduces its first of four towers - offering a unique collection of 1, 2 and 3-bedroom homes that reflect their commitment to unparalleled craftsmanship. Following successes with Modello and Jewel I & II in Burnaby's Metrotown, The Smithe in Downtown Vancouver, and Smith & Farrow in West Coquitlam, Boffo returns to their roots in Burnaby. Register here to stay in the loop with important announcements.

Surrey's Modern Living Meets Ultimate Convenience

Stowa by Genaris Properties features studio to 3-bedroom homes, each providing a comfortable and modern living space. Boasting over 6,000 square feet of residence-only amenities, Stowa seamlessly combines convenience and style at a reasonable price. Following a successful Realtor event, Stowa is now open to book an exclusive first access viewing for those seeking a contemporary living experience. Book yours here.

Amson Bloc, another highlight in Surrey, blends modern residential spaces with commercial conveniences, creating a seamless living experience. Following the successful realtor preview event in March, Amson Bloc has opened its sales gallery doors for buyers to preview their 1, 2, and 3-bedroom condos, offering 121 homes over two buildings that will stand the test of time. This project by Amson Group focuses on nature-inspired designs and practical living. Visit the sales gallery or register to learn more about Amson Bloc.

Spera by Northwest Developments is a collection of 1, 2, and 3-bedroom homes set in a serene locale near Bear Creek Park and tucked back from King George Boulevard. It offers a peaceful retreat with easy access to urban amenities, promising a balanced lifestyle with its spacious units and exclusive selection of amenities. Stay up-to-date with the latest announcements when you register here.

Introducing Luxury Living in Abbotsford and Langley

Abbotsford's newest gem, Scout by Heinrichs Developments, introduces Scandinavian-inspired interiors and contemporary architecture into its vibrant downtown. Offering an array of 1, 2, and 3-bedroom homes, Scout is designed for those seeking a sophisticated living space. Chic amenities and infinite retail and restaurant options solidify SCOUT as a premier purchasing opportunity. Don't miss out - register today to be among the first to receive exclusive updates.

In Langley, The Colton by Tannin Developments provides an elevated rental living experience with family-friendly features and convenient access to essential urban resources. Offering a range of spacious and flexible 1 to 3-bedroom pet-friendly homes, this luxury building caters to families of all sizes. Diligently built and managed, The Colton ensures every resident enjoys modern comforts like A/C in every unit along with exclusive amenities such as a private rooftop garden and secure play area for the kids. The Colton is now leasing - schedule a tour to find out more.

Skyscrapers Meet Serenity in Coquitlam

Strand's Kora in West Coquitlam, the tallest tower in The Oakdale Collection, is already drawing attention with its elegant design and panoramic views. Following the recent success of Alina and Komo, Kora is expected to be a standout project in the area. This high-rise community offers 1, 2, and 3-bedroom homes where residents can enjoy unobstructed north-facing views and access to over 17,000 sq. ft. of amenities, including Strand’s Signature Sky Spa and Sky Terrace. Register today to ensure you receive the latest updates on Kora's newest floorplans, Signature Strand Amenities, and much more!

Portico, another significant development by Wanson Group in Coquitlam, offers 1-3 bedroom homes with unique features like 10’ ceilings, enclosable glass balconies and wide range of customizable enhancements. Recently, the MLA team hosted nearly 300 realtors at the Portico by Wanson Group sales gallery in West Coquitlam for an exciting unveiling event. Portico is the first and only development in Coquitlam to offer enclosable glass panel balconies and 10’ ceilings. The building features an expansive courtyard with lush greenery, a fire pit, lounge seating, and much more. Register now to stay informed on Portico and receive exclusive updates.

Westview Townhomes by Trillium Projects brings the charm of Craftsman architecture to central Coquitlam, providing a family-oriented living experience close to all the modern conveniences. This boutique collection of 24 3 and 4-bedroom Craftsman townhomes replicates the traditional feel of single-family living within a quiet, neighbourly enclave. With efficient floor plans and thoughtful details such as private rooftop patios and attached garages, residents will feel at home surrounded by panoramic views of the cityscape and mountains. Register today to receive the lastest Westview Townhomes information and news.

Anticipation Peaks in the Vancouver Real Estate Scene

In Vancouver, FRAME by Peterson has earned significant interest for its innovative floor plans and impressive views. Following the success of their first tower in the Spring of 2022, FRAME is back with their second tower release of the Summit Collection. These 1, 2, and 3-bedroom homes along with great new retail opportunities on the ground level are perfectly central to Downtown Vancouver and Metrotown. The momentum from its successful launch events, including a Realtor event and a grand opening event, has fuelled the anticipation of this sought-after release. To learn more, book a private appointment to meet with the Frame sales team.

Slate & Ash, the 7th and final chapter in the Pennyfarthing Cambie Collection, offers 62 one-, two-, and, three-bedroom residences representing modern elegance and sophistication. Situated on Ash Street in a charming neighbourhood near Oakridge and Cambie Village, homes offer boutique living with plenty of amenities. Register now to receive exclusive updates about Slate & Ash.

Downtown Calgary's Evolutionary Charm

In Alberta, Lincoln by Truman offers high-end living in Downtown Calgary. Featuring modern architectural design and a central location, Lincoln is set to be recognized as a notable example of urban living. Calgary's stable growth makes it a prime destination for real estate investment in Canada. Lincoln Tower, located at 11 Avenue SW and 2 Street SW, includes 36 storeys of architectural excellence. This pre-construction condominium project promises luxury living, enhanced by limited-time VIP incentives. Register now to learn more.

This spring, MLA’s lineup of projects across varied regions showcases the strength and diversity of Canada’s real estate market. Each development not only offers unique living solutions but also elevates its community with thoughtful designs and comprehensive amenities, making them worthy of attention this season.

To learn more about any of the projects listed, connect with an MLA Canada sales representative: