Real Estate discussions

[whatnext]

Quite the drop although it looks like it is offset by rentals. Not surprising when you price locals out of the market.

Lower Mainland's presale home launches in early 2026 plunges to just 64 units or 6% of a normal month
Kenneth Chan
Apr 2 2026, 4:04 pm

The Lower Mainland’s housing market is showing continued signs of steep stagnation, with new data pointing to a continued slowdown in presale activity and persistent pressure on resale prices, according to a market bulletin by MLA Canada last month.

For the month of February 2026, only 64 new presale homes across three projects were launched across Greater Vancouver and the Fraser Valley.

That is a big drop compared to a typical February, which usually sees more than 1,100 units come to market. February 2026’s presales launches represented just about six per cent of the historical average....

...While fewer homes are being sold, more rental buildings are being completed.

In February 2026, 749 secured purpose-built rental units were finished across the region. But not all of them are filling up quickly. Only about 16 per cent of these units were leased, which is typical for the slower winter season .

For the month of March 2026, 379 secured purpose-built rental units across four projects were expected to reach completion.

https://dailyhive.com/vancouver/metro-vancouver-presale-home-march-2026