the rennie review - November 2019
Vancouver housing demand resurgent 

October marked four straight months of year-over-year sales gains across the Vancouver region. As inventories continue to fall for all home types, prices are beginning to increase once again.

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

As the vice on housing supply loosens, and the one on demand tightens, Vancouver’s housing market is moving in the direction of more balance. Despite this, interest rates and home prices are conspiring to make housing more expensive. 

Art Seroff
Personal Real Estate Corporation
intelligence

As the weather got warmer in June, home sales and prices in the Vancouver Region cooled following another (somewhat surprising) interest rate hike by the Bank of Canada. Market conditions continue to favour sellers despite total listings increasing for the fifth straight month.

Art Seroff
Personal Real Estate Corporation
intelligence

After months of a-seasonal trending, the housing market in the Vancouver Region changed course in June, with both sales counts and new listings declining for the first time this year.

Art Seroff
Personal Real Estate Corporation