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January 2023 Greater Vancouver Real Estate Market Insights
Welcome to the February 2023 episode of the Presale Pulse, a real estate show brought to you by hosts Ryan Lalonde and Suzana Goncalves.
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JANUARY PRE-SALE REAL ESTATE MARKET INSIGHTS
“The Lunar New Year sales sprint this year in the presale market did not disappoint – with several programs offering aggressive incentives and reporting strong resulting absorptions to match.
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The recent increase in key lending rates has sparked major concerns among Canadians, particularly those looking to buy a home.
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The wild ride that was in 2022 is now in the rearview mirror. Yet, 2023 is a place of hope for many industry participants and hopeful homebuyers.
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The last year was a policy shock, especially regarding interest rates and their effect on mortgage rates.
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What 2022 Brought Forth in the Central Okanagan Real Estate Market
The first quarter of 2022 had a heightened level of market activity in Kelowna, driven in part by the low-interest rate.
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January 2023 Fraser Valley Real Estate Market Insights
Welcome to the January 2023 episode of the Fraser Valley Presale Pulse, a real estate show brought to you by hosts Ryan Lalonde and Brittany Reimer.
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DECEMBER PRE-SALE MARKET CLOSES OUT THE YEAR STRONG
As expected, December inventory levels were down allowing for a strong same month sales absorption.
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The last month of 2022 wrapped up a year of increasingly suppressed market activity. 2022 began by building on the steam of a strong 2021 market, with consumer confidence resurging post-pandemic, fuelled by historically low borrowing rates.