March 2023 Fraser Valley Real Estate Market Insights

Welcome to the March 2023 episode of the Fraser Valley Presale Pulse, a real estate show brought to you by hosts Ryan Lalonde and Brittany Reimer. Watch the video to understand the latest macroeconomics, pre-sale, and resale trends over the last 30 days affecting the local real estate market across the Fraser Valley. In this month's episode of the Pre-Sale Pulse: 

LUCENT'S EARLY SUCCESS SPARKS INTEREST IN SURREY REAL ESTATE MARKET

Lucent program is over 40% sold with 160+ deals and offers discounts to realtors who buy units for themselves. Investors are showing renewed interest in Surrey's real estate market as the rental market tightens, and Lucent's completion date is set for Spring 2027. More developers are expected to bring new products to the market, with Sequoia launching in May and The Core launching later this Spring.

FRASER VALLEY'S RESALE MARKET SHOWS SIGNS OF PRICE STABILITY AMIDST LOW INVENTORY

The resale market in Fraser Valley saw a modest 0.5% gain in prices in February, following 10 months of consecutive declines. The Lack of supply is contributing to the price stability, with new listings down 48% from last year. While it's too early to declare a market bottom, renewed confidence from interest rate stability and positive market sentiment may continue to support market activity in the upcoming Spring season. However, inflation control remains a potential risk factor for the market's future.

PRE-SALE PROJECTS COVERED IN THIS EPISODE

• Jacob by Redekope Faye
• Walker House by BMG Real Estate

LINKS MENTIONED IN THIS EPISODE:

• March 2023 Pre-Sale Pulse Report 
• MLA Advisory Services and Sample Reports
• Contact Advisory
• 2023 MLA Intel Report 
• This Year in Real Estate Panel Event

Subscribe to the MLA Canada YouTube Channel or find the Pre-Sale Pulse on your favourite audio streaming platform: Apple, Spotify, Amazon Music, iHeart Radio

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat 

March 2023 Greater Vancouver Real Estate Market Insights

Welcome to the March 2023 episode of the Presale Pulse, a real estate show brought to you by hosts Ryan Lalonde and Suzana Goncalves. Watch the video to understand the latest macroeconomics, pre-sale, and resale trends over the last 30 days affecting the local real estate market across Metro Vancouver and the Fraser Valley. In this month's episode of the Pre-Sale Pulse:

BANK OF CANADA KEEPS INTEREST RATES FLAT

The Bank of Canada held the overnight rate flat at the latest policy meeting but provided cautionary forward commentary. Plus, recent developments in the labour market as well as hotter-than-expected inflation reports in the US, have affected previous optimism that the last of hikes are behind us.

CAUTIOUS OPTIMISM IS IN THE AIR

There are some promising signs for the pre-sale market and projects launching in today’s market. Developers are actively looking for the right window to launch their product into the market, and we expect this to lead to increased launch activity in late-Spring and Fall markets.

BENCHMARK PRICING INCHES UP

As we head into the Spring season, there are promising signs of improvement in the Metro Vancouver resale market. Most notable is the price appreciation on benchmark pricing.

LINKS MENTIONED IN THIS EPISODE:

• March 2023 Pre-Sale Pulse Report
• MLA Advisory Services and Sample Reports 
• 2023 MLA Intel Report
• This Year in Real Estate Panel Event
• Subscribe to MLA Canada's Newswire
• Contact Advisory: [email protected]

PRE-SALE PROJECTS MENTIONED IN THIS EPISODE:

• Curv by Brivia Group
• Perla by Polygon
• Highline at Garibaldi Springs by Polygon
• Finch Drive by Diamond Head Development

Subscribe to the MLA Canada YouTube Channel or find the Pre-Sale Pulse on your favourite audio streaming platform: Apple, Spotify, Amazon Music, iHeart Radio

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat 

Welcome to the February 2023 episode of the Fraser Valley Presale Pulse, a real estate show brought to you by hosts Ryan Lalonde and Brittany Reimer. Watch the video to understand the latest macroeconomics, pre-sale, and resale trends over the last 30 days affecting the local real estate market across the Fraser Valley.

"The real estate market is a long-term investment, and it's important to have a long-term perspective. However, people's emotions usually guide buying decisions, and this can lead to unnecessary concern in the market." - Brittany Reimer, Managing Director, Fraser Valley.

This episode covers the following:

Presale Launches of Lucent and The Loop

Resale Market Sees Decline in January

The Best Time to Enter the Real Estate Market

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat 

Check out our latest Greater Vancouver Pre-Sale Pulse episode, covering the latest in-depth macroeconomic factors, pre-sale and resale data affecting the real estate industry today.

Subscribe to MLA Canada's Newswire: https://realestateinsider.mlacanada.com

Contact our Advisory Team: [email protected]

Visit Nest Mortgage: https://www.nestmortgage.co

Have a topic you want us to cover on our next episode? Submit your questions in the comment section below!

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat 

Check out our latest Fraser Valley Pre-sale Pulse episode, covering the latest in-depth macroeconomic factors, pre-sale and resale data affecting the real estate industry to watch out for. Submit your questions to us by commenting below.

Subscribe to MLA Canada's Newswire: https://realestateinsider.mlacanada.com

Contact our Advisory Team: [email protected]

Visit Nest Mortgage: https://www.nestmortgage.co

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat 

Check out our latest Greater Vancouver Pre-Sale Pulse episode, covering the latest in-depth macroeconomic factors, pre-sale and resale data affecting the real estate industry today.

Subscribe to MLA Canada's Newswire: https://realestateinsider.mlacanada.com

Contact our Advisory Team: [email protected]

Visit Nest Mortgage: https://www.nestmortgage.co

Have a topic you want us to cover on our next episode? Submit your questions in the comment section below!

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat 

Check out our latest Fraser Valley Pre-sale Pulse episode, covering the latest in-depth macroeconomic factors, pre-sale and resale data affecting the real estate industry to watch out for. Submit your questions to us by commenting below.

Register for Pura by Adera: https://www.livepura.ca

Subscribe to MLA Canada's Newswire: https://realestateinsider.mlacanada.com

Contact our Advisory Team: [email protected]

Visit Nest Mortgage: https://www.nestmortgage.co

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat 

Check out our latest Greater Vancouver Pre-Sale Pulse episode, covering the latest in-depth macroeconomic factors, pre-sale and resale data affecting the real estate industry today.

Subscribe to MLA Canada's Newswire: https://realestateinsider.mlacanada.com

Contact our Advisory Team: [email protected]

Visit Nest Mortgage: https://www.nestmortgage.co

Have a topic you want us to cover on our next episode? Submit your questions in the comment section below!

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat 

Check out our latest Fraser Valley Pre-sale Pulse episode, covering the latest in-depth macroeconomic factors, pre-sale and resale data affecting the real estate industry to watch out for. Submit your questions to us by commenting below. 

Register for Pura by Adera: https://www.livepura.ca

Subscribe to MLA Canada's Newswire: https://realestateinsider.mlacanada.com 

Contact our Advisory Team: [email protected]

Visit Nest Mortgage: https://www.nestmortgage.co 

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat 

Check out our latest Greater Vancouver Pre-Sale Pulse episode, covering the latest in-depth macroeconomic factors, pre-sale and resale data affecting the real estate industry today. 

Subscribe to MLA Canada's Newswire: https://realestateinsider.mlacanada.com 

Contact our Advisory Team: [email protected] 

Visit Nest Mortgage: https://www.nestmortgage.co

Have a topic you want us to cover on our next episode? Submit your questions in the comment section below!

MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
@mlacanada | LinkedIn | Instagram | Facebook | Twitter | RedBook | WeChat