溫哥華房屋價格-樓花繼續低迷 – Pre-Sale Dismal
溫哥華房屋價格-樓花繼續低迷 – Pre-Sale Dismal – Greater Vancouver’s pre-sale market keep decreasing since 2018. 865 homes released in April 2019, only 20% were sold.
When we look at the real estate market in Vancouver, we got to look at the West End and West Vancouver first, according to the MLS Listings Vancouver report, West end’s property price has dropped 13% compared to 2018; the pre-sale market doesn’t seem to do much better.
MLA Advisory, the research arm of real estate marketing company MLA Canada, reported May 3 that there have been 3,817 presale units released for sale so far this year across Greater Vancouver and the Fraser Valley. That number is 23 percent lower than in the same period in 2018 – lower rate is expected as the whole market is slowing down right now.
In April.2019, there were 10 projects launches to the market, 5 of them were wood-frame condos in Coquitlam, New Westminister, and Langley. Total of 865 homes; however, only 20% have sold so far. Compared to the 2018’s April, the sold rate has already reached to 43% – 879 presales home.
In nowadays, the absorption rate is very low, which can put the developers into financing risk situation, as institutional lenders financing a project require a certain level of uptake.MLA’s report said, “We would prefer to see this “absorption rate” closer to 25-30 percent within the month, to make the remainder of sales needed to hit financing requirements more manageable.”
Suzana Goncalves, chief advisory officer, and partner at MLA Canada said, “MLA Advisory estimates that nearly 5,000 concrete units within 17 projects have postponed their sales launches [to wait] for more favourable market conditions.”
The group is warning that the reduction in new home supply, caused by the slowing housing market, will have significant effects in the long term. Goncalves added, “These concrete pre-sale project delays, along with decreases in housing starts by up to 20 per cent province-wide, will have drastic long-term implications on our housing supply, affordability and homeownership.”
In a slow market, which is good for buyers – got more bargaining power. Please visit our previous post-Slow Market What to Invest – Pre-Sale 楼市淡楼花是好的投资选择?
房地產營銷公司MLA Canada的研究部門MLA Advisory報告稱，今年到目前為止，大溫哥華和菲沙河谷已有3,817個預售單位發售。這個數字比2018年同期低23％。
4月份大溫地區共有10個項目開發 – 其中5個是西高貴林，新威斯敏斯特和蘭利的木框架公寓開發項目 – 總共865個住宅。MLA Advsory表示，其中只有20％售出。相比之下，2018年4月，該月發布的879份預售的吸收率為43％。
加拿大MLA首席顧問兼合夥人Suzana Goncalves表示，“MLA Advisory估計，17個項目中近5,000個混凝土單元推遲了他們的銷售，[等待]會是開發商的首選以獲得更有利的市場條件。”