There’s a lot happening in Metro Vancouver’s pre-construction market right now, and it’s undeniably difficult to parse rumour, speculation, and panic from what’s actually going down.– in which we explored housing supply and the impact of this past year’s delayed new home project launches – we at AVESDO are diving even more deeply into our system’s data to uncover the truth about prices in the new home market.
Comparatively, the same unit would see an October 2022 sale come in around $825,000. That $125k gain translates to an ~18% increase in price in the span of two years, and an 89% gain over the buyer’s invested deposit. Our second example looked at smaller one-bedroom units in Surrey. This area in particular has long been a hotbed for investors, but was dramatically impacted in the 2008 downturn, when it was accused of being a high-risk volatile market. We compared two ~450 sq.
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