Vancouver Real Estate Podcast VREP #468 | Vancouver's New Real Estate Market Reality with Michael Ferreira and Jordan Carlson
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May 16, 2025 Michael Ferreira, Senior VP of Finance at Anthem Properties, and Jordan Carlson, President of Anthem Holdings Canada, share their insights on Vancouver's challenging real estate market amidst global uncertainty. They discuss the impact of rising interest rates, unsold inventory, and the surge of non-permanent residents driving rental inflation. Despite current struggles, they highlight potential boons for buyers, especially in Downtown Vancouver. Their optimism for the market's recovery in 2025 comes with innovative approaches to engage hesitant purchasers through bespoke incentive programs.
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Vancouver Pre-Sale Market Status
- The current home pre-sale market in Vancouver is essentially non-existent but this is seen as temporary.
- Buyers now have a rare opportunity with adjusted prices and developer incentives to make informed purchases without urgency.
Rental Market Softness Perspective
- Vancouver's rental market sees softening due to new supply and immigration curbs.
- Despite the softness, overall vacancy remains low, and demand for well-situated wood frame rental product is steady.
Broadway Development Application Reality
- Many development applications along Broadway are submitted mainly to secure zoning height and not for imminent construction.
- Current policies and market conditions mean few of these projects will start soon.
