the rennie advance - January 2020

The pace of Greater Vancouver home sales picked up dramatically through the latter half of the year--so much so that 2019 ended with 3% more total sales than 2018. A continuation of strong demand and limited inventory nudged median prices upwards for all three home types in December versus one year earlier.The latest rennie advance provides a summary of sales, listings, and pricing trends in the Greater Vancouver board area, compiled and released by our rennie intelligence team ahead of the Real Estate Board of Greater Vancouver Stats. Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.