The recently released MLA Intel 2023 report is the newest edition of MLA Canada’s comprehensive analysis on the pre-sale market in British Columbia. As a report on the past year’s market conditions and an overview of our outlook moving into this new year, MLA Intel 2023 takes a deep dive into the

MLA Intel 2023 This week, we launch the MLA Intel 2023 report, the newest edition of our deep dive into market intelligence that provides an overview of the past year's market conditions and our outlook moving into 2023. The past year has seen some of the most challenging conditions in nearly a

While it has been well discussed the impact labour – and specifically its shortages – has on real estate construction, the relationship between the labour market at large and the real estate market’s economic standing deserves to be further unpacked. In reality, the health of the labour market is a

According to BC Stats, the Okanagan population is projected to increase by 25% over the next 20 years. This growth is driven by both natural increase and in-migration from other parts of Canada and around the world. The Canadian government has set its sights on an even brighter future for the

Vancouver is a city where residents are facing sky-high real estate prices, yet it also boasts the highest percentage of households without mortgages in Canada. According to recent data from Statistics Canada, an incredible 50% of Vancouver owner households are mortgage-free. The region is a hotbed

It may come as no surprise that construction costs play a significant part in determining house prices, representing over a third of the costs that factor into a development. The fourth quarter of 2022 saw a 1.0% increase in residential building construction costs across Canada, while non

INTERIOR JANUARY MARKET STATS Like in the Lower Mainland, rising interest rates have caused a decline in demand and impacted the post-pandemic market gains across markets in the Interior region of BC. We expect the trend to persist in 2023 as market activity slows and buyers and sellers negotiate