There is a flight to quality and brand, says Ferreira.Ferreira said that holding its own in the first quarter of 2018, Metro Vancouver new multi family home market began to feel the effects of the various policies introduced by various levels of governments and agencies early this year. Continued: If conditions remain flat the number of unsold units at the end of the third quarter of 2018 (will) exceed the number of unit sales during the quarter for the first time since late 2015. That took these factors into consideration and adjusted prices managed to still sell well, said Ferreira, but those that neglected them much lower buyer urgency levels and slower absorptions, meaning instead of selling 70 to 80 per cent of units in a project within a few weeks, it might take incentives to get 40 to 50 per cent in a few months, and then longer for the rest to sell.There is generally a nine month window from when projects start to pre sale to when they have to begin submitting documents for financing, but extensions are granted..
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