A promising presale market in Metro Vancouver and the Fraser Valley is sparking optimism among real estate buyers.
“Similar to the resale market, the spring is the best time to be selling projects. … Daylight savings comes around, the weather gets better and it gives people a more optimistic outlook. And that's definitely tied to the psychology of housing demand in the spring,” said Garde MacDonald, director of advisory with MLA Canada.
“Not to say that the absolute number of sales will be less, but it's the percentage based on how much new supply is coming online,” he said.
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