Hasan Juma
hasanjuma.bsky.social
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).
Posts Media Videos Starter Packs
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
youtu.be
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
youtu.be
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
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.
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.
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.
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.
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👇🏽
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”
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
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