the rennie review - June 2020
Resilience and green shoots the hallmarks of May's market data

While one month of data does not a trend make, signs of an economic recovery have emerged against the backdrop of a regional housing market that remains balanced.

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

Elevated borrowing costs continue to sideline would-be home buyers in the Vancouver Region, with September's sales failing to surpass the 3,000-mark for the first time since February.

Ester Hsieh
Personal Real Estate Corporation
intelligence

Sales counts slowed in the Central Okanagan in June after a spring surge, while supply grew. With the arrival of summer and the Bank of Canada raising interest rates once again, balanced conditions are likely already here.

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