the rennie advance - June 2020

Despite the continuing pandemic, there were almost 1,500 sales throughout the Greater Vancouver board area in May. This increased activity over April, combined with suppressed inventory, helped to support median prices.  

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

Buyers and sellers both ramped up their participation in Metro Vancouver’s housing market in May, with sales and new listings reaching levels not seen in at least a year.

Jake Kim
RENNIE ADVISOR
intelligence

Benchmark Price Infographics for detached, townhomes, and condos in the areas of the Vancouver Region covered in the monthly rennie review.

Jake Kim
RENNIE ADVISOR
intelligence

The typical October spike in sales was absent from the Vancouver Region’s housing market as high interest rates continued to weigh on demand. Instead, it was the supply side of the ledger that saw an increase last month—another seasonal anomaly.

Jake Kim
RENNIE ADVISOR