Choices | A lot down | Somewhat down | Stable | Somewhat up | A lot of increase |
Agricultural land | |||||
Urban land | |||||
Office | |||||
Shopping | |||||
Industrial properties | |||||
Hotels | |||||
Resort properties | |||||
Rental housing & rental apartments | |||||
Owner-occupied apartment or condominiums | |||||
Detached houses, rowhouses or low-rise residence | |||||
Residential land subdivision | |||||
Retirement living |
2021
Real estate marketing would be less face to face, video recordings and online marketing. More distribution like shopping because of online shopping. More flexi working including working from home.
Learn and embrace new technologies, use of mega data, electronic based data searching, property viewing zoom meetings and many more
Appraiser / Valuer
Reason: Residential will be stable with some volatility. Commercial maybe affected because of tenants working from home, social distancing, layoffs, oil and gas as well as hospitality layoffs.