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Under Pre-Sale Projects

Investors Pulling Back from Condo Market, Further Weakening Activity in Existing & New Units

The new condo market in Vancouver, and Canada more broadly, is struggling as developers encounter challenging conditions in the form of higher costs and reduced demand. The condo market in … [read more]

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Presale Market Resulting in Active Supply Accumulation as Buyers Continue to Be Patient & Chase Value

“Other than the Spring, September and October are traditionally the second busiest months of the year for presale. This year is no different, however, activity is largely on the developer … [read more]

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Condo Developments are Moving to Suburbs as Rising Costs & Challenging Financing Conditions

On Thursday, Canada Housing and Mortgage Corporation (CMHC) published its bi-annual housing supply report, which focuses on new housing construction trends in Montréal, Ottawa, Toronto, Edmonton, Calgary, and Vancouver. CMHC … [read more]

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Burnaby & New Westminster Anticipate Bustling Futures Defined by Population Growth & Redevelopment

Driving along the Fraser River toward New Westminster, one can see massive concrete columns rising from the waters below. A marvel of engineering, the BC Ministry of Transportation and Infrastructure’s … [read more]

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CMHC Housing Starts Rose 4% Y/Y, But Still Not Enough for Growing Demand in Canada’s 6 Largest Cities

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose 4% year-over-year during the first half of 2024, but housing starts were still … [read more]

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Canadian Housing Starts Jump 16%, While Vancouver’s Slid 18% After A Record Year in 2023

Despite the fact that residential construction remains firmly under the thumb of higher interest rates, the annual pace of Canadian housing starts shot up unexpectedly by 16% in June, according … [read more]

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