{"id":26918,"date":"2025-12-16T10:10:22","date_gmt":"2025-12-16T18:10:22","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=26918"},"modified":"2025-12-10T08:33:45","modified_gmt":"2025-12-10T16:33:45","slug":"a-frosty-presale-market-reflecting-the-continued-slowdown-in-activity","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/12\/a-frosty-presale-market-reflecting-the-continued-slowdown-in-activity\/","title":{"rendered":"A Frosty Presale Market, Reflecting The Continued Slowdown in Activity"},"content":{"rendered":"<p style=\"text-align: justify;\">\u201cWe are still living through an incredibly slow time in the presale market. Tempo programs are struggling to attract steady traffic and active buyers are feeling empowered to negotiate, which is prolonging buying decisions further. Condo developers see nothing but short-term headwinds that all but eliminate the chances of new project launches. As such, much of our active focus has shifted to the rental market and the implications of skyrocketing rental completions.\u201d \u2014 Garde MacDonald, Director of Advisory, MLA Canada.<\/p>\n<p style=\"text-align: justify;\"><strong>A Frosty Presale Market, Rentals Time to Shine<\/strong><br \/>\nNovember brought three presale launches totaling 346 units, but no recorded absorptions, and no new launches are anticipated for December. The projects that entered the market this month will likely wait until the New Year or Lunar New Year before sharing sales updates, reflecting the continued slowdown in presale activity. Meanwhile, rental development remains strong with 45 rental projects completing in 2025, a 20 percent increase over 2024. About 62 percent of these were low rise, 16 percent midrise, and 22 percent high rise, with nearly 40 percent of units absorbed so far. Wood frame low rises dominate the rental supply, while concrete high rises remain concentrated in transit-rich or amenity-heavy areas or where larger suites are in demand.<\/p>\n<p style=\"text-align: justify;\"><strong>Winter Woes for The Economy And Mortgages<\/strong><br \/>\nCanada\u2019s Q3 GDP grew 2.6 percent, beating expectations but driven largely by a reduction in imports rather than meaningful improvements in exports, business investment, or consumer spending, suggesting ongoing caution from both households and businesses. Mortgage delinquency rates remain low at 0.22 percent, but pressure is building with around 2 million mortgages set to renew in 2025 and 2026. Vancouver\u2019s significant 2021 buyer cohort \u2014 many of whom purchased at peak prices \u2014 will be especially important as most renewals land in 2026. While many homeowners appear prepared for higher payments, foreclosures are gradually increasing and may rise further if economic conditions remain weak, particularly for those who bought at peak pricing and could face financial strain if unexpected expenses erode savings.<\/p>\n<p style=\"text-align: justify;\"><strong>Holiday Hiatus<\/strong><br \/>\nHome sales in Greater Vancouver and the Fraser Valley declined in November, dropping more than 15 percent year over year, with December likely to remain quiet as the holiday season slows activity. Total sales for 2025 are on track to be the lowest in 25 years at just over 22,200, nearly 45 percent below the 2021 peak. Elevated listing levels \u2014 over 15,000 in Greater Vancouver and 9,200 in the Fraser Valley \u2014 are giving buyers more leverage, while prices have eased 2 to 4 percent and days on market have lengthened by about a week. Sales-to-listings ratios of 12.6 percent and 10 percent respectively confirm a buyer-friendly environment. Despite recent rate cuts, demand has yet to noticeably rebound, and ongoing economic uncertainty suggests the market will stay subdued in the short term, though buyers who act now could be well-positioned as conditions stabilize over time.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/7763850.fs1.hubspotusercontent-na1.net\/hubfs\/7763850\/MLA%20Canada%20Corporate\/Presale%20Pulse\/MLA_MonthlyReport-December2025%201.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the report.<\/p>\n<p><a href=\"https:\/\/mlacanada.com\/newsfeed\/december-2025-presale-report-launch-activity-rises-yet-sales-stay-subdued\" target=\"_blank\" rel=\"noopener\">December 2025 Presale Report : Launch Activity Rises, Yet Sales Stay Subdued<\/a> by MLA Canada<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe are still living through an incredibly slow time in the presale market. Tempo programs are struggling to attract steady traffic and active buyers are feeling empowered to negotiate, which &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/12\/a-frosty-presale-market-reflecting-the-continued-slowdown-in-activity\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,27,13],"tags":[],"class_list":["post-26918","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-pre-sale-projects","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Frosty Presale Market, Reflecting The Continued Slowdown in Activity &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2025\/12\/a-frosty-presale-market-reflecting-the-continued-slowdown-in-activity\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"A Frosty Presale Market, Reflecting The Continued Slowdown in Activity &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"\u201cWe are still living through an incredibly slow time in the presale market. 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