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 |
2023 or Longer
Complete change in financing, changing risk appetite, no need for agents premium, online viewing, insurance premiums higher
Digitaliize
Builder / Contractor, Property Investor, Agent / broker
Reason: Fewer people have money to buy. Uncertainty will prevent them from spending illiquid assets at this time