Presale market stalled: What’s ahead for Metro Vancouver’s new-build housing?
Emma Caplan-Fisher | Real Estate Magazine • September 3, 2025
After years of outsized demand, Metro Vancouver’s presale housing market has slowed to a pace not seen in over a decade.
According to real estate sales and marketing company MLA Canada, only 35 projects launched in the past year — over 40 per cent below the five-year average — and fewer than 400 presale units sold, marking an 85 per cent decline from historical benchmarks.
For Barrett Sprowson, senior vice president, residential at Peterson Real Estate, the numbers match what he’s seeing on the ground.
“I’ve said the market is stagnant (but) that was very diplomatically understated. If I were a little more honest, I’d say it’s kind of anemic and as flat as I’ve ever seen it.”
Langley Township saw more than $1 billion in potential developments approved in 2025, but the number of housing units being built dropped compared to last year. 👉 Full Details Here
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