Author | Lightnews

Hasan Juma

Hasan Juma

@hasanjuma.bsky.social

12 followers 29 following 58 posts

Real estate agent & investor. Vancouverite. Posts about our city, current events, the Canucks, and housing (naturally).

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Hasan Juma @hasanjuma.bsky.social · Jun 21

ICYMI: I joined CBC’s BC Today Show on Wednesday to talk all things Vancouver condo.

From condo supply, to developer incentives, to first-time buyers - we covered it all. Watch the segment here:

#vancouverrealestate

Vancouver Condo Market Update - Hasan on CBC's BC Today Show with Michelle Eliot

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · Jun 14

WATCH: Canada Is In a Condo Crisis - Toronto vs. Vancouver Breakdown #vancouverrealestate #vancouver

Canada's Condo Crisis: Toronto vs Vancouver Breakdown

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · Jun 7

WATCH: Developers Are Slashing Condo Prices (Up to 25%).

Find out how they are able to do this, and how you can capitalize, in this week’s video:

#vancouverrealestate

Developers Are Slashing Condo Prices (Up to 25%)

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · Jun 6

‘Shadow inventory’ could grow in Metro Vancouver, helping first-time buyers

#vancouverrealestate

‘Shadow inventory’ could grow in Metro Vancouver, helping first-time buyers

Liberals’ new GST relief could help absorb unlisted inventory amid condo glut, says Realtor

Hasan Juma @hasanjuma.bsky.social · Jun 3

For the fourth consecutive month, home sales in Greater Vancouver were down double-digits compared to last year.

Find out more here:

hasanjuma.substack.com/p/real-estat...

#vancouverrealestate

Hasan Juma @hasanjuma.bsky.social · May 31

WATCH: First-Time Buyer Boost, or Developer Lifeline? (New Housing GST Relief) #vancouverrealestate

First-Time Buyer Boost or Developer Lifeline? (New Housing GST Relief)

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · May 30

Ultimately, this is a program that benefits both FTHB & developers...

But make no mistake, for those in the vulnerable situation of a pending closing & a challenging mortgage approval - this offers no lifeline.

And you could argue, these are the buyers that needed it the most.

Hasan Juma @hasanjuma.bsky.social · May 30

The amount of “shadow inventory” held by developers continues to grow - new homes that are completed, but unsold.

All of these homes (up to $1.5M) will benefit from the GST relief program.

Winner: The developers urgently needing to move off of their existing new inventory.

Hasan Juma @hasanjuma.bsky.social · May 30

But what about contracts entered into prior to May 27th? Certainly some GST relief, no?

Nope.

Meaning your already firm presale contract offers you no relief from the 5% tax.

Loser: Those FTHB nearing completion on a presale and struggling to close.

Hasan Juma @hasanjuma.bsky.social · May 30

Firstly, the GST Relief is for FTHB who “enter into” contracts on May 27th, 2025 & dates moving forward.

Paired with the new home PTT exemption, buyers could save almost $70K in taxes on a $1M purchase.

Winner: Those planning to purchase a new construction property this year.

Hasan Juma @hasanjuma.bsky.social · May 30

The Federal Government announced GST relief for first-time buyers (full or partial) on new homes up to $1.5M.

Great news if you’re completing on a presale soon, right?

Wrong.

Let’s look at who the real winners & losers are👇🏽

Hasan Juma @hasanjuma.bsky.social · May 27

How to know what market you’re in based on how the listing agent responds to your showing request -

Buyer’s market:

“Consider it confirmed! Looking forward to it, thanks! 🤗”

Seller’s market:

“Canceled, only showing at the open house…pls book your 15 min slot”

Hasan Juma @hasanjuma.bsky.social · May 25

The resale market in a nutshell:

Upsizers want to buy the detached home, but their condo/townhome hasn’t sold yet.

Downsizers want to buy the condo/townhome, but their detached hasn’t sold yet.

Subject to sale? Meh, not enough motivation for that.

Gridlock.

#vancouverrealestate

Hasan Juma @hasanjuma.bsky.social · May 24

WATCH: Why Canada’s New Housing Minister Says Prices Can Stay High #vancouverrealestate

Why Canada’s New Housing Minister Says Prices Can Stay High

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · May 17

WATCH: Greater Vancouver Listings Hit Multi-Year High - Why Aren’t Homes Selling? #vancouverrealestate

Greater Vancouver Listings Hit Multi-Year Highs - Why Aren't Homes Selling?

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · May 15

WATCH: Joined CBC’s Michelle Eliot & former #Vancouver mayor @kennedystewart.bsky.social today to discuss the state of today’s oversupplied condo market: www.youtube.com/live/2VJVWIV...

BC Today, May 15: UVic student OD inquest | Condo market slowdown

YouTube video by CBC British Columbia

www.youtube.com

Hasan Juma @hasanjuma.bsky.social · May 10

WATCH: New Condo Crisis - Appraisals Coming In Lower Than Sales Prices #vancouverrealestate

New Condo Crisis: Appraisals Coming in Lower Than Sale Prices

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · May 3

While sales inched upwards over March, Greater Vancouver still experienced the slowest April for home sales since the pandemic.

Read about it in this month’s edition of the newsletter:

hasanjuma.substack.com/p/real-estat...

#vancouverrealestate

Real Estate Market Update - May 2025

April sales inch upwards over March, but year-over-year declines continue to be the theme this spring.

hasanjuma.substack.com

Hasan Juma @hasanjuma.bsky.social · May 3

WATCH: Mark Carney, the Liberals, and Vancouver Real Estate - Here’s What You Need to Know #vancouverrealestate

Mark Carney, the Liberals, and Vancouver Real Estate - What You Need to Know

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · Apr 26

WATCH: Is BC About to Reverse the Airbnb Ban? #vancouverrealestate

Is BC About to Reverse the Airbnb Ban?

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · Apr 19

WATCH: How to Price, Upsize, or Downsize in Today’s Market #vancouverrealestate

How to Price, Upsize, or Downsize in Today's Market

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · Apr 12

WATCH: Surrey Presale Buyers Walking Away From Their Condos? #vancouverrealestate

Pre-Sale Disaster Turns Into a WIN for Buyers

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · Apr 5

WATCH: Canada Plans to Build an Ambitious 500K Homes Per Year - Here’s Why It Won’t Happen #vancouverrealestate

500,000 Homes Per Year? Here's Why It Won't Happen

YouTube video by Hasan Juma - Vancouver Real Estate

Hasan Juma @hasanjuma.bsky.social · Apr 2

Is the spring market snooze-fest finally coming to an end?

Find out in this month’s edition of the newsletter:

#vancouverrealestate #vanre

Real Estate Market Update - April 2025

Is the 2025 spring market snooze-fest coming to an end?

hasanjuma.substack.com

Hasan Juma @hasanjuma.bsky.social · Mar 29

WATCH: Which Party’s Housing Platform Will Actually Help Homebuyers? #vancouverrealestate

Which Party's Housing Platform Will Actually Help Homebuyers? (Liberals vs. Conservatives)

YouTube video by Hasan Juma - Vancouver Real Estate