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.