the rennie review - August 2019

July’s demand bump supported by strong economic news

It may be only one month of data, but the July increase in residential MLS sales in the Vancouver region serves notice that the contractionary phase of the market cycle may be ending, with an expansion--when it comes--being guided by local economic conditions. 

The rennie review is a monthly publication, which includes the latest real estate data for Vancouver and the Lower Mainland’s housing market. In addition to presenting detailed neighbourhood-level stats, the rennie review also includes current rennie projects, featured listings, client testimonials, our take on the latest market conditions, and more.

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.

Get the data.

Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
intelligence

Here are price per square foot averages for woodframe pre-sale homes, based on the date of each project's first home sale.

Allison Lafrenier
RENNIE ADVISOR
intelligence

Participation in the region’s housing market waned in June, as both sales and inventory dipped, thanks in part to summer weather and the vaccine.

Allison Lafrenier
RENNIE ADVISOR
intelligence

Here are the number of actively-selling, sold-out, and contemplated concrete pre-sale homes by sub-market and estimated year of completion.

Allison Lafrenier
RENNIE ADVISOR