the rennie advance - November 2019

With October registering a fourth consecutive month of sales being above last year's counts, what had been an emerging trend in Greater Vancouver's housing market is now an established one. With inventories also down for all home types, prices are beginning to increase once again. 

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

Now that almost half of 2023 is behind us, we thought we’d reflect on where things stand today, and where we might go from here as we steam towards 2024. 

Ester Hsieh
Personal Real Estate Corporation
intelligence

Though October brought directional changes in sales counts and listings from September, the Central Okanagan’s housing market otherwise bore a strong resemblance to the previous month, with buyers’ market conditions continuing to persist.

Ester Hsieh
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.

Ester Hsieh
Personal Real Estate Corporation