the rennie review - January 2023

The full-year numbers characterizing Vancouver’s housing market in 2022 belie two distinct 6-month stretches, the latter of which concluded with December’s 1,963 MLS sales marking a 6th-straight month of fewer than 3,000 transactions—the most protracted slowdown in a decade.

The rennie review is a monthly publication which includes the latest real estate data for the Vancouver Region'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

The uptick in home-buying activity that was seen in March continued through April, making it two consecutive months of more than 4,000 MLS sales in the Vancouver Region. And thanks in part to inventory only marginally growing in April, conditions once again favoured sellers, thereby continuing to p…

Ester Hsieh
Personal Real Estate Corporation
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

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…

Ester Hsieh
Personal Real Estate Corporation