the rennie review - January 2020
A strong finish to 2019 sets the stage for positive start to 2020

Trends in the Vancouver region’s resale market, complemented by solid underlying demographic and economic fundamentals, are pointing to increased sales activity in 2020.

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

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

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
intelligence

Buyers continued to feel the pinch of higher and still-rising interest rates in July, with sales dipping for a second consecutive month after four months of increases. With sales down and new listings up, inventory continued to expand at a time of year that’s usually characterized by housing supply…

Art Seroff
Personal Real Estate Corporation