MLA Advisory is proud to present the MLA Intel 2022: A Year in Review, a summary of the information we monitor to keep abreast of the market from various trusted sources. To analyze the outgoing year and plan ahead, this Market Intel features an overview of the past year’s pre-sale market conditions and an outlook for the coming year.
Watch as MLA Canada's Ryan Lalonde, President; Suzana Goncalves, EVP Sales and Marketing; and Brittany Reimer, Managing Director, Fraser Valley, discuss key real estate market insights looking into 2022. Prices are going up as demand continues to outweigh supply. With these factors in place, MLA Canada predicts the price increase will be between 12 and 15% due to the supply constraints. More creative and effective government policies that support supply correction are needed to address affordability. Homebuyers now have a more comprehensive range of choices to meet their individual needs, be that to remain suburban with additional space or return to urban and all of its conveniences. Work-from-home, or a flexible working setup, will continue to present more options for homebuyers, and smaller markets will see increased new residents. Flexible, multi-use design features and structures within the home will retain traction.
View the full MLA Intel 2022 report:
https://mlacanada.com/newsfeed/mla-intel-2022
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