News Formal

Lower Mainland presale market heating up in 2024

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The number of presale launches in Metro Vancouver and the Fraser Valley has gone up three months in a row.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Canucks 2024 NHL Trade Deadline Liveblog SpectacularIt’s trade deadline day and, for once, the Vancouver Canucks aren’t sellers. The trouble is, the market is running out of players to buy.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »