“August was extremely quiet in the presale market.
“The summer has been very quiet in the presale market. The July 30 interest rate hold by the Bank of Canada added little relief for homebuyers as the promised lower rate environment is not coming to fruition as expected.
“As we enter the quieter summer months, the condominium segment of the presale market remains stagnant. The limited number of projects releasing new units are doing so due to impending construction completions (ie. townhomes) or mounting financial pressures.
“Even with the Canadian election resolved, the real estate market continues to be uncertain and exhibit weak metrics. Compared to historical norms, we are seeing about half as many new projects come online every month.
Welcome to the May 2025 episode of the Presale Pulse, a real estate show brought to you by hosts Suzana Goncalves and Brittany Reimer.
Welcome to the April 2025 episode of the Presale Pulse, a real estate show brought to you by hosts Suzana Goncalves and Brittany Reimer.
"Developers spent February monitoring the market and making “go or no go” decisions on new projects. With prospects exhibiting continued patience and extreme price sensitivity, the presale market remains stagnant.
Welcome to the March 2025 episode of the Presale Pulse, a real estate show brought to you by hosts Suzana Goncalves and Brittany Reimer.
We're busy behind the scenes updating our Homer Street head office. We'll be back and better than ever coming May 2026!
During this time, all deposit drop-offs will be received at our Fraser Valley office located at B210-20689 Willoughby Town Centre Dr, Langley, BC V2Y 0X7.
