“2025 was marked by cautious and constrained activity. Presale launches hit a decade low, comprising mostly wood-frame and townhome developments as investors remained absent and markets with enduser orientated product outperformed. Resale listings reached decades-high levels while sales fell, putting downward pressure on prices, and rising rental supply combined with slower population growth softened rents throughout the year.” – Melissa Nestoruk, Product Development Specialist, MLA Canada.

2025 : A Presale Deep-Dive
2025 was one of the most constrained presale years in over a decade, with just 60 projects launched and fewer than 4,800 units released, approximately 60% below the ten-year average. Activity skewed heavily toward smaller wood-frame and townhome developments, while concrete launches declined sharply. Demand was driven almost entirely by end-users, resulting in lower overall absorption of 30%, down from 42% in 2024, with activity concentrated primarily in Langley and Coquitlam.

BC Population Decreases, Rental Pressure Eases
British Columbia recorded its first annual population decline on record in Q3 2025, contributing to easing rental conditions. Slower population growth, combined with rising rental supply from purpose-built rentals and condo conversions, reduced pressure on rents. Annual rent growth slowed to approximately 2% in 2025, below the provincial allowable increase, signalling a meaningful shift in rental market dynamics.

Caution, Constraints, and Choice
Resale market activity fell to near-record lows in 2025 despite rising inventory levels. Sales-to-active-listings ratios ended the year in balanced-market territory; however, pricing softened across both Metro Vancouver and the Fraser Valley. Looking ahead, improved purchasing power and lower pricing may support a gradual recovery in transactions, though momentum is expected to remain measured.

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January 2026 Presale Report : What Today’s Constraints Mean for Tomorrow’s Opportunities? by MLA Canada