{"id":26770,"date":"2025-11-10T10:10:39","date_gmt":"2025-11-10T18:10:39","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=26770"},"modified":"2025-11-07T10:08:12","modified_gmt":"2025-11-07T18:08:12","slug":"november-2025-presale-report-foggy-forecast-put-buyers-in-the-drivers-seat","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/11\/november-2025-presale-report-foggy-forecast-put-buyers-in-the-drivers-seat\/","title":{"rendered":"November 2025 Presale Report : Foggy Forecast Put Buyers in The Driver’s Seat"},"content":{"rendered":"

\u201cOctober is historically the second busiest time for new presale launches aside from the Spring. Although we saw six new projects come to market, the absorption and general level of interest is well below long term averages. Even with another 0.25% rate cut in October, there has been little change in buyer urgency. As the sluggish presale market persists, we are seeing a steady increase in project cancellations and delayed project launches.\u201d \u2014 Garde MacDonald, Director of Advisory, MLA Canada.<\/p>\n

Scarily Low Sales This Spooky Season<\/strong>
\nOctober saw more launches than August or September, with six new projects: two townhome and four wood frame condo developments, mostly in the Fraser Valley. Historically, October averages 14 launches and nearly 2,000 units, so activity remains well below normal. Absorption was soft at roughly 9%, driven largely by one successful Surrey project. Over the past five years, October has typically seen more than 550 new home sales, nearly matching this month\u2019s total releases.<\/p>\n

Lower Rates, But Still High Stakes<\/strong>
\nThe Bank of Canada issued another rate cut, lowering the overnight rate to 2.25%. Despite stronger job numbers and slightly higher inflation, the move aimed to support growth amid weak global conditions and ongoing trade tensions. Further cuts are unlikely as the Bank adopts a cautious stance. While lower rates can bolster housing activity, policymakers remain wary of overstimulating demand, as seen during the pandemic\u2019s housing surge.<\/p>\n

Foggy Forecast, Buyers are in The Driver\u2019s Seat<\/strong>
\nNovember is expected to see around four new launches, mostly in Vancouver West, plus one in Squamish, marking its first in some time. Developers continue favouring extended preview periods before contract writing to gauge interest. Resale sales rose 20% in Greater Vancouver and 17% in the Fraser Valley month-over-month but remain 14 to 15% below last year. Listings dipped slightly but stay high year-over-year, keeping both markets firmly in buyers\u2019 territory. With lower rates, steady inventory, and easing prices, recovery remains gradual as confidence rebuilds.<\/p>\n

Click here<\/a> to view the report.<\/p>\n

November 2025 Presale Report : Launch Activity Rises, Yet Sales Stay Subdued<\/a> by MLA Canada<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cOctober is historically the second busiest time for new presale launches aside from the Spring. 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