DECEMBER PRE-SALE MARKET CLOSES OUT THE YEAR STRONG As expected, December inventory levels were down allowing for a strong same month sales absorption. All eyes will be on Lunar New Year Incentives as programs aim to hit presale requirements and new programs test market depth on larger scale

The last month of 2022 wrapped up a year of increasingly suppressed market activity. 2022 began by building on the steam of a strong 2021 market, with consumer confidence resurging post-pandemic, fuelled by historically low borrowing rates. However, early in 2022, sales began reverting to

At MLA Canada, 2022 was filled with exciting projects and accompanying wins. Looking through the lens of this challenging year, we are particularly proud of the great projects and milestones achieved. As valuable as it is to look forward, it’s also important to reflect on and celebrate the successes

By Ryan Lalonde, President, Partner at MLA Canada Those watching the real estate market across British Columbia understand 2022 was a year of trials and tribulations that challenged the very best in our industry. Coming off 2021's undeniable strength and momentum, we saw inflation and supply chain

With 2022 wrapping up, the entire real estate industry has been weighing the same question: what will next year look like? As we step off the rollercoaster that was 2022, having a general lay of the land for 2023 is quite reasonably top of mind for many. While it’s difficult to lay out a complete

As with the rest of the country, the real estate industry was relieved to see a more moderate 50 basis point announcement from the Bank of Canada on December 7 th. This brought some cheer to the market after a darker November. In an already challenging landscape, expected seasonal shifts kept resale

November 2022 Pre-Sale Real Estate Market Insights "Programs with well-positioned and adjusted pricing and offering terms for the current market landscape have continued to see decent sales absorptions. We can expect a typical seasonal decline in presale activity in December, but this provides

NOVEMBER 2022 FRASER VALLEY PRE-SALE REAL ESTATE MARKET INSIGHTS "It looks like the tail end of the year finds the Fraser Valley housing market continuing to slow – the higher you fly, the harder you fall, and that seems to be a bit of the story this year in the Valley. However, finding some

The past year has come with its fair share of movement in Greater Vancouver's and Fraser Valley's real estate markets. A record-breaking 2021 carried good momentum into the new year, followed by a slowdown due to inflation and increased interest rates, and then closed off with new policies from