the rennie advance - March 2020

Detached home and condo prices saw increases both year-over-year and month-over-month in February 2020 as inventory remained low. Sales, although below its 10-year historical February average, moved into an 8th consecutive month of double-digit year-over-year increases.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.