the rennie advance - June 2020

Despite the continuing pandemic, there were almost 1,500 sales throughout the Greater Vancouver board area in May. This increased activity over April, combined with suppressed inventory, helped to support median prices.  

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. 

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intelligence

Higher interest rates, combined with concerns the hiking hasn’t yet been halted, continue to impact the Vancouver Region’s housing market, with home sales falling for a third consecutive month in August and inventory shrinking for the first time in six months.

Art Seroff
Personal Real Estate Corporation
intelligence

Benchmark Price Infographics for detached, townhomes, and condos in the areas of the Vancouver Region covered in the monthly rennie review.

Art Seroff
Personal Real Estate Corporation
intelligence

In July, King County’s sales count failed to reach the 3,000 mark for the 13th straight month. Despite a swelling listings count, both sales and inventory remain below their respective past-decade averages, with elevated inflation and rising interest rates affecting market activity.

Art Seroff
Personal Real Estate Corporation