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.

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intelligence

After years of neglect, Metro Vancouver’s purpose-built rental market is finally being tended to through the addition of thousands of new homes. Across Canada, purpose-built rental markets have been the recipients of inadequate attention—at least insofar as new supply is concerned. Here in Metro Va…

Allison Lafrenier
RENNIE ADVISOR
intelligence

Changing household compositions, such as the increase in one-person and roommate households, and the rise in older adult children living with their parents, will have implications for our housing stock.

Allison Lafrenier
RENNIE ADVISOR
intelligence

The rennie review is produced each month by rennie intelligence, which includes the latest real estate data for Vancouver Region's housing market.Balance amidst Vancouver’s housing gymnastics.Over the past 24 months, Vancouver’s housing market has—along with many others nationally—been marked by ne…

Allison Lafrenier
RENNIE ADVISOR