The Vancouver presale construction market has been red hot for years, but the times have changed. No longer can we expect tents pitched in front of display centres to hold places in line, buildings to be sold out during frenzied opening weekends, or double digit returns to be made seemingly overnight by lucky buyers. The long Vancouver presale party, it would seem, is over for now. But for how long? Why? And does less overall interest in preconstruction spell a big opportunity for you? Ryan Lalonde, the President of Western Canada’s largest real estate marketing company, MLA Canada, sits down with Adam & Matt to discuss the current state of the presale market, the interplay between the presale and resale market, and where the opportunities are moving forward. Not to be missed!
We discuss the start of the Fall market, the ongoing impacts of interest rates and inflation, the top areas for investment in the Lower Mainland and the province, and the type of thinking required to make lasting moves in real estate.
Back in action! Cory and Melissa have returned to the studio. This week we are joined by Jeff Hancock who specializes in land development and is joining us all the way from the William Wright Kelowna office.