What’s Inside?

The presale report is a monthly overview of the presale market across the Lower Mainland in British Columbia. Our MLA Advisory team summarizes the monthly statistics and trends and highlights notable project launches and strategies.

“Despite the increase in same-month absorptions in July compared to the previous month, developers continue to face significant challenges in bringing new product to market. This is particularly evident in areas like Metrotown, West Coquitlam, and Surrey City Centre, where sticky costs and stagnant prices are putting pressure on both developers and buyers alike. However, looking toward the Fall market, two 0.25% rate cuts by the Bank of Canada signal that lending rates and consumer sentiment are becoming more favourable." - Garde MacDonald, Director of Advisory

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