While one data point does not make a trend, after 17 months of a negative sales gap, the Greater Vancouver market may have turned a corner. When compared to July of last year, overall sales were up 23%. This was the largest year-over-year increase overall seen since November 2017.

With August traditionally being a slow month in the real estate world, we will be watching how this picture evolves through August and early September.

See the latest rennie advance, a summary of sales and listings 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.