Real estate market will hit new records, predict realtors – Maple Ridge News

There is no end in sight, according to the Royal LePage 2022 Market Survey Forecast.

“We’ve been experiencing a chronic shortage of housing supply for over a year, and inventory levels are steadily decreasing.

The REBGV board reports the median selling price of 118 houses that sold in Maple Ridge and Pitt Meadows during November was more than $1.3 million.

The benchmark price of a townhouse in the Lower Mainland is $892,000, compared with $780,000 for 55 Maple Ridge-Pitt Meadows units sold in November.

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